China AM: Support emerges for steelmaking raw materials futures

By Deepali Sharma / June 06, 2018 / www.metalbulletin.com / Article Link

China's steel futures weakened during morning trading on Wednesday June 6, though steelmaking raw materials contracts largely had some support, with physical prices also trending higher this week amid supply constraints.

Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,749 yuan ($587) per tonne, down 8 yuan per tonne October hot-rolled coil: 3,896 yuan per tonne, down 34 yuan per tonne Dalian Commodity Exchange September iron ore: 473.50 yuan per tonne, up 0.50 yuan per tonne September coking coal: 1241.50 yuan per tonne, down 3 yuan per tonne September coke: 2,025 yuan per tonne, up 21 yuan per tonne Raw materials Metal Bulletin's 62% Fe Iron Ore Index stood at $66.34 per tonne cfr China on Tuesday, up $0.87 per tonne from...

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