AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

BEIJING: Chinese steelmaking raw materials rose on Tuesday, led by an over 6% jump in coking coal futures on supply worries fuelled by imports of the ingredient remaining at relatively low levels. “Affected by the pandemic situation at home and abroad, customs clearance of coking coal from Mongolia have been running at low levels,” analysts with GF Futures wrote in a note, adding that road transport for coal has not totally recovered yet.

The most actively traded coking coal futures on the Dalian Commodity Exchange, for May delivery, surged as much as 6.2% to 2,077 yuan ($326.34) per tonne. They gained 3.7% to 2,028 yuan a tonne as of 0330 GMT.

Coke prices on the Dalian bourse jumped 2.2% to 2,972 yuan a tonne. Benchmark iron ore futures extended gains into the second session, inching up 0.3% to 657 yuan per tonne, tracking spot 62% iron ore, which increased $7 to $115 a tonne on Monday, according to SteelHome consultancy.

Steel prices on the Shanghai Futures Exchange were traded higher in the morning session, as Beijing’s recent monetary policy and stance brought hopes of recovering steel demand in the first half of 2022, according to GF Futures. Construction used steel rebar edged 0.6% higher to 4,373 yuan per tonne.

Hot rolled coils, used in the manufacturing sector, rose 0.8% to 4,510 yuan a tonne. Shanghai stainless steel futures, for January delivery, leaped 1.2% to 15,930 yuan per tonne. ($1 = 6.3645 Chinese yuan renminbi).

Comments

Comments are closed.