Thread by @Sino_Market

🚨Iron ore and coke are plummeting 9% in China, and coking coal is down 6.45%, HRC and steel rebar futures are dropping more than 5%.
Crude oil is down 4.23% in Shanghai.
#China #futures #Ironore

#Ironore futures slumped as much as 5% in Singapore to hit $114 a ton, the lowest in six months.
Iron ore in Dalian drops to 760 yuan per ton, the lowest in a month.

#Glass futures rise 2% in Zhengzhou, and many glass manufacturers have raised their prices this weekend amid surging costs.
#China #futures

#CN_Update
#IronOre and #Coke futures extend slumps to over 10%, iron ore to a fresh 3-month low, and coke to a 4-month low. Hot-rolled coils and rebars are down 7%.
#China

#CN_Update
Three steel makers in #Shanxi asked for suppliers to trim #coke prices by 300 yuan per tonne on Saturday, amid the depressing spot steel market and intensifying cost pressure.
#China #IronOre #steel

Everbright Futures on #China's #IronOre market today:
The apparent demand for rebar kept falling as stockpiles in plants and society increased last week, which falsified the previous demand outlook in the low season, triggering panic selling by spot merchants on Monday.

#CN_Update
The dumping of "Black" commodities futures is continuing in the afternoon session, as #IronOre diving 11% to a limit-down. Coke and coking coal are plummeting by around 12%. Steel rebar and HRC are falling by 7%.
#China #steel

Iron ore futures extends drop to 8% in SGX.
#Singapore #IronOre