China AM: No clear trend for ferrous futures

China’s ferrous futures showed no clear trend during morning trading on Tuesday December 4, with the rebar contract being the only one to end the session significantly lower while the others were little changed from their opening prices.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,302 yuan ($478) per tonne, down 20 yuan per tonne May hot-rolled coil: 3,230 yuan per tonne, up 3 yuan per tonne Dalian Commodity Exchange May iron ore: 465 yuan per tonne, down 1 yuan per tonne January coking coal: 1,382 yuan per tonne, up 4 yuan per tonne January coke: 2,237 yuan per tonne, unchanged Raw materials The following were obtained from market sources: Beijing Iron...


Fiona Lam

December 04, 2018

05:18 GMT