Coke futures prices in China rose more than 8 percent amid the positive atmosphere in the real estate markets and expectations of an increase in steel demand. On the other hand, analysts draw attention to the risks associated with the weakness of fundamental data.
The coke futures contract for January delivery, the most heavily traded contract on the Dalian commodity exchange, rose 8.6 percent on the day to 2,077 yuan ($325.04) per tonne.
Coke futures traded at 2,974 yuan, or $465.4, up 2.2 percent.
The iron ore futures contract increased by 2.1 percent, after increasing its upper limit of 10 percent yesterday, increasing by 2.1 percent today, changing hands at 595 yuan, or $93.1, per ton.
Rebar prices on the Shanghai futures exchange rose 1.7 percent to 4,437 yuan or $694.4 per tonne.
Hot rolled steel (HRC) coil prices rose 2 percent to 4,549 yuan or $711.9 per tonne.
Stainless steel prices rose 2.2 percent to 17,890 yuan or $2,799.7 per tonne.
Comments
No comment yet.