Dalian coking coal increased by 5.8%, coking coal increased by 6.5%.
Dalian iron ore rose 6.1%, Singapore iron ore increased 8.5%.
Dalian coking coal and coking coal prices traded on August 24 rose to record highs, extending an explosive rally driven by concerns about China’s top steelmaker’s supply of the raw material for steelmaking. Country.
The most-traded coke price on China’s Dalian Commodity Exchange ended the day 5.8 percent higher at CNY 2,465 ($380.50) a tonne, after touching the all-time high is 2,571 CNY.
Coke prices rose 6.5% to CNY 3,150.50 a tonne, after hitting a lifetime high of CNY 3,267.50.

 

Some coke companies have faced losses and have actively limited production.

The price of coke is used as a reducing agent in the smelting of iron ore, the main raw material for the production of steel.
Iron ore futures rebounded, with Dalian extending gains as worries about the coronavirus outbreak eased, helped ease sentiment after days of sell-off on demand concerns.
The most-traded Dalian iron ore price for January 2022 delivery rose 6.2% to CNY 817.50 a tonne, bouncing off a 7-1/2-month low on Friday.
Iron ore prices traded in September 2021, the most active on the Singapore Exchange, increased by 8.2% to $146.90 per tonne.

Spot iron ore prices for delivery to China were steady at $140.50, the lowest since December.
Construction rebar prices on the Shanghai Futures Exchange rose 2.4%, while hot rolled coil rose 2.5%. Stainless steel prices added 0.4%.
Spot rebar prices have rebounded after recent declines as market sentiment shows signs of easing as the peak consumption season approaches.

Source: VITIC/Reuters

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