China AM: Ferrous futures mostly up despite May's lower steel PMI

China’s ferrous futures mostly edged up during morning trading on Thursday May 31 despite a drop in the latest steel purchasing managers’ index (PMI).

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 3,682 yuan ($573.30) per tonne, up 6 yuan per tonne
October hot-rolled coil: 3,895 yuan per tonne, up 5 yuan per tonne
Dalian Commodity Exchange
September iron ore: 463 yuan per tonne, unchanged
September coking coal: 1,237 yuan per tonne, up 3 yuan per tonne
September coke: 2,087 yuan per tonne, up 5 yuan per tonne
Raw materials

A major cokery in north China’s Hebei province was heard to be raising its selling...


Sophie Zhao

May 31, 2018

08:04 GMT