China AM: Ferrous futures post early gains

October 18, 2018 / www.metalbulletin.com / Article Link

China's ferrous futures rose during morning trading on Wednesday October 17, with the rebar contract leading the uptrend.

Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,192 yuan ($605.75) per tonne, up 55 yuan per tonneJanuary hot rolled coil: 3,979 yuan per tonne, up 42 yuan per tonneDalian Commodity Exchange January iron ore: 513.50 yuan per tonne, up 4.50 yuan per tonneJanuary coking coal: 1,397.50 yuan per tonne, up 6.50 yuan per tonneJanuary coke: 2,504.50 yuan per tonne, up 45.50 yuan per tonneRaw materials BHP's Western Australia Iron Ore (WAIO) operations produced 69.3 million tonnes of the steelmaking raw material on a 100% basis during the September quarter, up 7.9% on the year but 3.9% lower than the preceding quarter, according to its production update...

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