China AM: Futures sink amid high steel output data

China’s ferrous futures all opened high but went on to tank during morning trading on Tuesday May 15, following the release of data pointing to a high supply of steel in the country.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 3,656 yuan ($577) per tonne, down 47 yuan per tonne October hot-rolled coil: 3,763 yuan per tonne, down 26 yuan per tonne Dalian Commodity Exchange September iron ore: 483.50 yuan per tonne, down 8 yuan per tonne September coking coal: 1,261...


July Zhang

May 15, 2018

06:40 GMT