A post by @FirstSquawk on X.
China’s benchmark coke futures climb 3.04% to 1,947.5 yuan/metric ton.
@FirstSquawk on X
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China’s benchmark coke futures rose 3.04% to 1,947.5 yuan per metric ton, extending gains in the steelmaking raw material. The move reflects firmer sentiment in China’s ferrous complex, though the article provides no volume, open-interest or market-cap figures. Coke is a key input for steel production, so its price action can signal shifts in steelmaker demand and input-cost pressure. Watch whether the rally holds and spills over into iron ore and rebar futures, and whether steel mill margins and downstream construction demand support the advance.
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Named in this story
coke futures, China