China’s commodities futures are mostly sliding on Friday morning. The most-traded tin futures contract on the Shanghai Futures Exchange, for October delivery, tumbled more than 7% to drop below 170,000 mark and hit 169,690 yuan per tonne at one point, before paring loss to 6.4% at 171,560 yuan per tonne.
The October low-sulphur fuel oil contract on the Shanghai International Energy Exchange tumbled 4.5% to close at 4,640 yuan per tonne. The most-traded January contract of palm oil futures on the Dalian Commodity Exchange dived 4.3% to close at 8,028 yuan per tonne.
The most-active October nickel futures contract on the Shanghai bourse tumbles 4.7% to hit 160,060 yuan per tonne.
The January contract of iron ore futures in Dalian is trading down 3.6% at 662.5 yuan per tonne, hot-rolled coil on the Shanghai Futures Exchange down 2.7%, steel-rebar in Shanghai down 1.8%.
