China AM: Ferrous futures surge as steel PMI hits 14-month high

China’s ferrous futures rose sharply during morning trading on Monday July 31, after the release of statistics showing the country’s steel purchasing managers’ index (PMI) rising to a 14-month high.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 3,724 yuan ($553), up 79 yuan ($11.70)
October hot rolled coil: 3,802 yuan ($564), up 58 yuan ($8.60)
Dalian Commodity Exchange
September iron ore: 571 yuan ($85), up 17 yuan ($2.50)
September coking coal: 1,339 yuan ($199), up 48.50 yuan ($7.20)
Raw materials

Published

Gladdy Chu

July 31, 2017

07:20 GMT

Shanghai