China AM: Ferrous futures up on construction plans for north-west China

China’s ferrous futures rebounded during morning trading on Friday April 21 following the announcement of infrastructure projects in north-west China.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 2,941 yuan ($427), up 24 yuan ($3.50) October hot rolled coil: 2,971 yuan ($432), up 30 yuan ($4.40) Dalian Commodity Exchange September iron ore: 509 yuan ($74), up 13.50 yuan ($2) September coking coal: 1,143 yuan ($166), up 5 yuan ($0.70) Billet Tangshan billet price: 2,720 yuan ($395) per tonne, after an increase of 30 yuan ($4.40) per tonne late on Thursday, which followed a decrease of the same amount earlier in the afternoon. Raw materials Metal Bulletin’s 62% Fe Iron Ore Index increased by...

Published

Gladdy Chu

April 21, 2017

08:18 GMT

Shanghai