China AM: Ferrous futures stagnant following physical price drops

By Fiona Lam / May 10, 2018 / www.metalbulletin.com / Article Link

Chinese ferrous futures remained subdued during morning trading on Thursday May 10, ending the session little changed from their opening prices after the physical steel and iron ore markets weakened a day earlier.

Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,587 yuan ($564) per tonne, unchanged October hot-rolled coil: 3,682 yuan per tonne, down 5 yuan per tonne Dalian Commodity Exchange September iron ore: 467 yuan per tonne, down 4 yuan per tonneSeptember coking coal: 1,235 yuan...

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