AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

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.