China AM: Ferrous futures tumble as Cisa plays down expected price surge

China's ferrous futures price tumbled during morning trading on Friday August 11 after the China Iron & Steel Assn (Cisa) said market participants had misread the situation in their expectation of prices rising further at the year-end due to environmental measures.

Futures closing prices – morning session
Shanghai Futures Exchange
January rebar: 3,830 yuan ($575), down 135 yuan ($20)
January hot rolled coil: 3,929 yuan ($590), down 116 yuan ($17.40)
Dalian Commodity Exchange
January iron ore: 533.50 yuan ($80), down 29.50 yuan ($4.40)
January coking coal: 1,318.50 yuan ($198), down 30.50 yuan ($4.60)
Raw materials

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Sophie Zhao

August 11, 2017

08:16 GMT