China AM: Coking coal, coke contracts take lead in futures uptrend

The coking coal and coke contracts led the uptrend in the Chinese ferrous futures market during the morning trading session on Wednesday January 23.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,638 yuan ($534) per tonne, up 1 yuan per tonne May hot-rolled coil: 3,560 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange May iron ore: 528 yuan per tonne, up 0.50 yuan per tonne May coking coal: 1,232 yuan per tonne, up 21 yuan per tonne May coke: 2,043 yuan per tonne, up 19.50 yuan per tonne Raw materials The following were obtained from market sources: Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Pilbara Blend fines, offered at $74.50 per tonne cfr China, February 28-March 9. BHP, Corex, joint cargo, 80,000 tonnes of 57% Fe Yandi fines, offered at the February average of two 62% Fe indices, adjusted...


Jessica Zong

January 23, 2019

07:54 GMT