China AM: Ferrous futures largely recover from Tuesday tumble

Ferrous futures mostly ended morning trading on a slight uptick on Wednesday October 31 following a steep decline during Tuesday night’s session.

Futures closing prices – morning session
Shanghai Futures Exchange
January rebar: 4,146 yuan ($595) per tonne, up 11 yuan per tonne
January hot rolled coil: 3,793 yuan per tonne, down 2 yuan per tonne
Dalian Commodity Exchange
January iron ore: 533 yuan per tonne, unchanged
January coking coal: 1,390 yuan per tonne, up 7.50 yuan per tonne
January coke: 2,397 yuan per tonne, up 16.50 yuan per tonne
Raw materials
The following were obtained from market sources:
Rio Tinto, Global Ore, 50,000 tonnes of 62.5% Fe Pilbara Blend lumps, sold at the November average of a 62% Fe index, adjusted for Fe content, plus a lump premium of $0.3390 per dry metric tonne unit, laycan November 15-24.

Beijing Iron Ore Trading Center (Corex), 50,000 tonnes...


Alex Theo

October 31, 2018

07:07 GMT