China’s industrial commodities rally, nickel surged 7.5%

 

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China’s industrial commodities futures are mostly higher on Monday. The most-traded nickel futures contract on the Shanghai Futures Exchange, for September delivery, surged by 7.5% to close the morning session on Monday at 181,650 yuan per tonne.

The most-active tin futures contract on the Shanghai bourse, for September delivery, jumped by 5.4% to 202,450 yuan per tonne.

September contract of coke on the Dalian Commodity Exchange jumped by 4.22% to 2,938 yuan per tonne, iron ore up 1.5% to 792 yuan per tonne and coking coal up 2.3% to 2,205 yuan per tonne. October contract of steel rebar gained 2.3% to 4,106 yuan per tonne, hot-rolled coil up 2% to 4,068 yuan per tonne and wire rod up 1.1% to 4,582 yuan pr tonne.