China AM: Coking coal futures buck ferrous futures downtrend

China’s ferrous futures were largely rangebound during morning trading on Wednesday February 28, with the benchmark coking coal contract being the only one that ended the session higher than its opening price.

Futures closing prices – morning session
Shanghai Futures Exchange
May rebar: 4,011 yuan ($635) per tonne, down 6 yuan per tonne
May hot-rolled coil: 4,078 yuan per tonne, down 3 yuan per tonne
Dalian Commodity Exchange
May iron ore: 542 yuan per tonne, down 0.50 yuan per tonne
May coking coal: 1,417 yuan per tonne, up 4 yuan per tonne
May coke: 2,246 yuan per tonne, down 9.50 yuan per tonne
Raw materials

Atlas Iron expects to increase the proportion of its lumps to over 50% of its total iron ore output in the year ending June 30 while it looks to take advantage of the premium...


July Zhang

February 28, 2018

07:12 GMT