China AM: HRC contract takes lead in futures rebound

China’s ferrous futures trended downward during morning trading on Thursday May 17 before minimizing their losses toward the end of the session, with the benchmark hot-rolled coil contract performing the best by closing higher than its opening price.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 3,680 yuan ($577) per tonne, down 4 yuan per tonne October hot-rolled coil: 3,845 yuan per tonne, up 18 yuan per tonne Dalian Commodity Exchange September iron ore: 483 yuan per tonne, down 1.50 yuan per tonne September coking coal: 1,256 yuan per tonne, down 18 yuan per tonne September coke: 2,110 yuan per tonne, down 10.50 yuan per tonne Raw materials East China’s Rizhao Iron & Steel was heard to have raised its coke purchase price by another 100 yuan per tonne from Thursday...


July Zhang

May 17, 2018

06:39 GMT