China AM: Ferrous futures post mid-week recovery

November 22, 2018 / www.metalbulletin.com / Article Link

China's ferrous futures increased during morning trading on Wednesday November 21, with sentiment improving, especially when it came to steel contracts.

Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,686 yuan ($531) per tonne, up 63 yuan per tonneJanuary hot-rolled coil: 3,583 yuan per tonne, up 76 yuan per tonneDalian Commodity Exchange January iron ore: 511 yuan per tonne, up 8.50 yuan per tonneJanuary coking coal: 1,350 yuan per tonne, up 9 yuan per tonneJanuary coke: 2,251.50 yuan per tonne, up 34 yuan per tonne Raw materials East China's Rizhao Iron & Steel lowered its metallurgical coke purchase prices by 100 yuan per tonne on Wednesday, after raising it to a historical high...

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