China AM: Ferrous futures tumble amid threats of new US tariffs

By Fiona Lam / June 19, 2018 / www.metalbulletin.com / Article Link

Chinese ferrous futures all declined during morning trading on Tuesday June 19 amid threats of a fresh round of tariffs by the United States on Chinese imports.

Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,781 yuan ($587) per tonne, down 84 yuan per tonneOctober hot-rolled coil: 3,859 yuan per tonne, down 74 yuan per tonne Dalian Commodity Exchange September iron ore: 448.50 yuan per tonne, down 21 yuan per tonne September coking coal: 1,206 yuan per tonne, down 45 yuan per tonneSeptember coke: 2,097 yuan per tonne, down 73 yuan per tonne Raw materials Rio Tinto on Monday underlined robust demand for high-grade iron ore from China, and maintained its shipment guidance for the steelmaking raw material at 330-340...

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