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FLASH: China's ferrous futures down further on Friday


On July 1, the most-traded iron ore contract for September delivery on the Dalian Commodity Exchange slumped further, closing the daytime session at Yuan 747.5/dmt ($111.6/dmt), down notably by Yuan 55/dmt or 6.9% from the settlement price on June 30.
The most-traded rebar contract on the Shanghai Futures Exchange for October delivery also closed lower at Yuan 4,265/tonne, down by Yuan 110/t or 2.5% from the settlement price of Thursday.   Meanwhile, the DCE's most-traded contracts for coke and coking coal (both for September delivery) also retreated markedly by 3.8% and 6.1%


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