China AM: Ferrous futures drop after opening higher

China’s ferrous futures retreated during morning trading on Thursday December 27, that despite opening about 1-2% above Wednesday’s settlement levels.

Futures closing prices – morning session
Shanghai Futures Exchange
May rebar: 3,410 yuan ($495) per tonne, down 54 yuan per tonne
May hot rolled coil: 3,322 yuan per tonne, down 77 yuan per tonne
Dalian Commodity Exchange
May iron ore: 488 yuan per tonne, down 7.50 yuan per tonne
May coking coal: 1,179 yuan per tonne, down 18 yuan per tonne
May coke: 1,907 yuan per tonne, down 35 yuan per tonne
Raw materials
The following was obtained from market sources:

Global Ore, 170,000 tonnes of 65% Fe Iron...


July Zhang

December 27, 2018

04:55 GMT