China AM: Steel futures rise amid declining inventories

China’s steel futures strengthened during morning trading on Tuesday July 31 following the release of monthly spot market inventory data showing a sustained decrease for Chinese rebar, while the raw materials contracts declined during the session.

Futures closing prices – morning session
Shanghai Futures Exchange
October rebar: 4,171 yuan ($612) per tonne, up 35 yuan per tonne
October hot-rolled coil: 4,212 yuan per tonne, up 27 yuan per tonne
Dalian Commodity Exchange
September iron ore: 488 yuan per tonne, down 1 yuan per tonne

September coking coal: 1,201 yuan per tonne, down 7.50...


Fiona Lam

July 31, 2018

06:42 GMT