China AM: Ferrous futures rise while trade war with US continues

By Jessica Zong / April 04, 2018 / www.metalbulletin.com / Article Link

China's ferrous futures apart from iron ore rose during the morning trading session on Wednesday April 4 amid a proposal to increase import duties on Chinese steel products by the United States.

Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,367 ($535) per tonne, up 23 yuan per tonne May hot-rolled coil: 3,737 yuan per tonne, up 39 yuan per tonne Dalian Commodity Exchange September iron ore: 449 yuan per tonne, unchangedMay coking coal: 1,309 yuan per tonne, up 26 yuan per tonneMay coke: 1,909 yuan per tonne, up 39 yuan per tonne Raw materials Metal Bulletin's 62% Fe Iron Ore Index was at $63.76 per tonne, down $2.04 per tonne from Monday. Its fob Australia premium hard coking coal index rose $2.79 per tonne at $195.84 per tonne on...

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