Coal news and updates

China’s iron ore futures plunged as much as 3.1% in early trade on Monday, cooling for a fourth session as demand declined amid a weakening manufacturing sector. The most-traded iron ore futures on the Dalian Commodity Exchange, for January 2020 delivery, fell 2.1% to 594 yuan ($84.93) a tonne as of 0229 GMT. China posted its biggest decline in producer prices in more than three years in October, dragged down by cooling demand in the manufacturing sector and a knock from the Sino-U.S. trade friction. The construction steel rebar on the Shanghai Futures Exchange, dived 1.3% to 3,368 yuan a tonne, the lowest since mid-October. Hot-rolled coil, used in cars and home appliances, for January delivery, faltered 1.1% to 3,318 yuan. 

 

Sourcing: https://in.reuters.com