China AM: Ferrous futures rise for third morning in a row

China’s ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other’s products.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 3,260 yuan ($518) per tonne, up 42 yuan per tonne
May hot-rolled coil: 3,616 yuan per tonne, up 25 yuan per tonne
Dalian Commodity Exchange
May iron ore: 438 yuan per tonne, up 3 yuan per tonne
May coking coal: 1,203 yuan per tonne, up 0.50 yuan
May coke: 1,764 yuan per tonne, down 7 yuan per tonne
Raw materials
The following was obtained from market sources:

Rio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, laycan April 10-19 (closes at 3pm Beijing...


Fiona Lam

March 29, 2018

06:38 GMT