China AM: Ferrous futures mixed amid better-than-expected Q1 GDP growth
China’s ferrous futures were rangebound during morning trading on Monday April 17 following the release of data pointing to higher-than-expected growth for the country’s gross domestic product in the first quarter.
Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 2,911 yuan ($423), down 8 yuan ($1.20)
October hot rolled coil: 2,969 yuan ($431), up 3 yuan ($0.40)
Dalian Commodity Exchange
September iron ore: 493.50 yuan ($72), down 8 yuan ($1.20)