On the Shanghai exchange, rebar futures rebounded from a five-week low on Friday as investors in Chinese commodity markets await a pickup triggered by the resumption of activity following the Lunar New Year celebrations.
Rebar recoveries pushed iron ore and coke prices in the steel industry to multi-week highs and posted similar gains in copper, aluminum and nickel.
The most active rebar contract on the Shanghai Futures Exchange closed 1.8 percent higher at 3,949 yuan ($ 623) a tonne, after falling 3,841 yuan earlier, corresponding to a five-week break. The trading volume on the most active May contract amounted to 3.57 million lots - the largest since January 25.
Increase in the price of rolled metal and steel-making raw materials in China
|
Azovpromstal® 24 February 2018 г. 14:23 |
