China AM: Ferrous futures up amid strengthening steel export prices

China’s ferrous futures increased across the board during morning trading on Wednesday December 13 with export prices for Chinese steel products continuing to rise.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,864 yuan ($584) per tonne, up 26 yuan per tonne May hot-rolled coil: 3,896 yuan per tonne, up 33 yuan per tonne Dalian Commodity Exchange May iron ore: 507 yuan per tonne, up 8.50 yuan per tonne May coking coal: 1,293.50 yuan per tonne, up 11.50 yuan per tonne May coke: 2,089.50 yuan per tonne, up 7.50 yuan per tonne Raw materials Metal Bulletin’s 62% Fe Iron Ore Index increased by $2.43 per tonne to $71.25 per tonne on Tuesday. Its fob Australia premium hard coking coal index was unchanged, at $234.28 per tonne, on the same day. Metal Bulletin’s...


Sophie Zhao

December 13, 2017

06:55 GMT