China AM: Futures surge amid strong steel, GDP data

China’s ferrous futures largely opened high and extended their gains during the morning session on Monday July 17 following the release of data pointing to solid growth in the country’s steel output and economy, in addition to gains in the billet market over the weekend.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 3,646 yuan ($538), up 42 yuan ($6.20)
October hot rolled coil: 3,712 yuan ($548), up 48 yuan ($7.10)
Dalian Commodity Exchange
September iron ore: 492.50 yuan ($73), up 0.50 yuan ($0.10)

September coking coal: 1,216.50 yuan ($180), up 19.50 yuan ($2.90)


July Zhang

July 17, 2017

07:00 GMT