China AM: Steel, raw materials futures move in opposite directions

Ferrous futures in China were mixed during morning trading on Wednesday November 15 WITH steel contracts moving down while those for raw materials headed in the opposite direction.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,694 ($556) per tonne, down 24 yuan per tonne January hot rolled coil: 4,021 yuan per tonne, down 8 yuan per tonne Dalian Commodity Exchange January iron ore: 448 yuan per tonne, up 2 yuan per tonne January coking coal: 1,188 yuan per tonne, up 0.50 yuan per tonne January coke: 1,805.50 yuan per tonne, up 27 yuan per tonne Raw materials Metal Bulletin’s 62% Fe Iron Ore Index rose $0.98 per tonne...


Paul Lim

November 15, 2017

05:48 GMT