China’s industrial commodity futures continued to rally, iron ore closed 3.7% up
COMPANY NEWS STOCKS VIEWS & ANALYSIS
China’s industrial commodity futures continued to rally, iron ore closed 3.7% up
COMPANY NEWS STOCKS VIEWS & ANALYSIS

China’s industrial commodity futures continued to rally, iron ore closed 3.7% up

 

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China’s most-traded iron ore futures contract on the Dalian Commodity Exchange, for January delivery, jumped as much as 5.4% to hit a high of 832.5 yuan per tonne at one point on Wednesday, before closing the day 3.68% higher at 817 yuan per tonne.

On Wednesday night, which was Thursday’s trading session, iron ore gained another 1.1% to 827 yuan per tonne.

The most-traded coking coal futures contracted jumped 4.7% to 1,529.5 yuan per tonne and coke gained 3.4% to 2,275.5 yuan per tonne. 

The most-traded contracts of wire rod, hot-rolled coil and steel rebar on the Shanghai Futures Exchange were also higher