China's Dalian iron ore futures rose on hopes of economic stimulus. Iron ore, the most traded commodity on the Dalian Commodity Exchange in May, rose 0.5% to 985.5 yuan ($137.93) per metric ton. Additionally, coking coal decreased by 1.8%, while coke increased by 0.2%.
On the Singapore Exchange, the January iron ore benchmark rose 0.5% to $140.22 per metric tonne.
On the Shanghai Futures Exchange, the most active rebar contract rose 0.1%, wire rod rose 0.2% and stainless steel rose 0.3%. Hot rolled coil decreased by 0.1%.
Comments
No comment yet.