China AM: Iron ore, coking coal futures spike after Rio Tinto cuts guidance

China’s iron ore and coking coal futures trended up robustly during morning trading on Tuesday July 18 after Rio Tinto, a major miner for both, reported lower deliveries in the first half of the year and a cut in full-year guidance.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 3,617 yuan ($534), up 4 yuan ($0.60)
October hot rolled coil: 3,681 yuan ($543), unchanged
Dalian Commodity Exchange
September iron ore: 518 yuan ($76), up 4 yuan ($0.60)
September coking coal: 1,244.50 yuan ($184), up 20.50 yuan ($3)
Raw materials

Vale is offering 200,000 tonnes...


July Zhang

July 18, 2017

07:32 GMT