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Home / Metal News / China Ferrous Metals Gather Rising Strength on Positive Factors

China Ferrous Metals Gather Rising Strength on Positive Factors

iconAug 17, 2017 11:40
Source:SMM
Futures prices of ferrous metals in China’s market gained rising momentum on Thursday. 

SHANGHAI, Aug. 17 (SMM) – Futures prices of ferrous metals in China’s market gained rising momentum on Thursday. 

SMM attributes the rise to mainly two factors. 

Tangshan Advances Coal-to-Gas Switch for Steel Rolling Plants, Fanning Bullish Sentiment

First, technical rally is available after a 5-day correction on the SHFE rebar futures market. Second, the surge in LME base metals market, getting support from supply-side reform, also pushed up ferrous metals prices. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


 

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For queries, please contact William Gu at williamgu@smm.cn

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