China AM: Ferrous futures strengthen amid stabilizing physical market

China’s ferrous futures moved up during morning trading on Wednesday December 5, with the hot-rolled coil contract taking the lead in the uptrend.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($498) per tonne, up 27 yuan per tonne May hot-rolled coil: 3,329 yuan per tonne, up 32 yuan per tonne Dalian Commodity Exchange May iron ore: 472.50 yuan per tonne, up 4 yuan per tonne January coking coal: 1,413.50 yuan per tonne, up 10 yuan per tonne May coke: 1,979.50 yuan per tonne, up 18.50 yuan per tonne Raw materials China’s domestic coking coal market maintained its strength in November despite a rapid price decline for coke...

Published

Fiona Lam

December 05, 2018

08:00 GMT

Singapore