China AM: Ferrous futures fall amid news of spike in domestic iron ore output

China’s ferrous futures dropped during morning trading on Thursday April 20 following the release of data from the country’s National Bureau of Statistics showing a rise in run-of-mine iron ore output in both March and the first quarter.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 2,837 yuan ($412), down 34 yuan ($5) October hot rolled coil: 2,821 yuan ($410), down 83 yuan ($12) Dalian Commodity Exchange September iron ore: 466 yuan ($68), down 16 yuan ($2.30) September coking coal: 1,067 yuan ($155), down 12 yuan ($1.70) Billet Tangshan billet price: 2,720 yuan ($395) per tonne, unchanged from Wednesday afternoon. Raw materials Metal Bulletin’s 62% Fe Iron Ore Index increased by $1.40 per tonne to $64.60 per...

Published

Gladdy Chu

April 20, 2017

08:00 GMT

Shanghai