China's iron ore futures continued their decline on Thursday due to bank credit woes last month.
Iron ore, the most traded commodity on China's Dalian Commodity Exchange (DCE) in May, fell 1.05% in intraday trading to 942 yuan ($132.00) per metric ton. Additionally, coking coal DJMcv1 fell 3.34% and coke DCJcv1 fell 0.95%.
On the Singapore Exchange, January benchmark iron ore SZZFF4 rose 0.25% to $133.95 per tonne.
Steel benchmarks on the Shanghai Futures Exchange also fell. Rebar SRBcv1 fell 2.03%, hot rolled coil SHHCcv1 fell 1.03% and wire rod SWRcv1 fell 0.59%.
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