China AM: Steel, iron ore futures rise

China’s steel and iron ore futures fell during morning trading on Wednesday February 20, while the coking coal and coke contracts ended the session a tad higher than their opening prices.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,592 yuan ($531) per tonne, down 38 yuan per tonne May hot-rolled coil: 3,591 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exchange May iron ore: 619 yuan per tonne, down 4.50 yuan per tonne May coking coal: 1,260.50 yuan per tonne, up 1.50 yuan per tonne May coke: 2,084 yuan per tonne, up 0.50 yuan per tonne Raw materials The following were obtained from market sources: Global Ore, 120,000 tonnes of 65% Fe Iron Ore Carajas, offered at the March average of the MB...


Fiona Lam

February 20, 2019

07:39 GMT