China AM: Ferrous futures trend upward

China’s ferrous futures, apart from the hot-rolled coil contract, ended morning trading higher on Thursday July 12 following a steady upward trend since the start of the session.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 3,956 yuan ($584) per tonne, up 18 yuan per tonne October hot-rolled coil: 4,004 yuan per tonne, unchanged Dalian Commodity Exchange September iron ore: 465 yuan per tonne, up 2.50 yuan per tonne September coking coal: 1,162 yuan per tonne, up 5.50 yuan per tonne September coke: 2,076.50 yuan per tonne, up 14.50 yuan per tonne Raw materials Australian miner Atlas Iron said it shipped 2.1 million wet metric tonnes (wmt) of iron ore during the three months to June, down 32.3% from 3.1 million wmt...


Sophie Zhao

July 12, 2018

07:15 GMT