China AM: Futures rangebound after early-week gains

China’s ferrous futures saw little change during morning trading on Thursday April 27 after two consecutive days of gains in the early session.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 2,981 yuan ($433), down 1 yuan ($0.20)
October hot rolled coil: 3,028 yuan ($439), unchanged
Dalian Commodity Exchange
September iron ore: 497.50 yuan ($72), unchanged
September coking coal: 1,105.50 yuan ($160), up 2.50 yuan ($0.40)
Tangshan billet price: 2,870 yuan ($417) per tonne, unchanged from Wednesday.
Raw materials
Metal Bulletin’s 62% Fe Iron Ore Index rose by $0.55 per tonne on Wednesday to $66.62 per tonne cfr China.
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Juan Weik

April 27, 2017

07:25 GMT