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.
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: email@example.com or firstname.lastname@example.org.