Iron ore futures open higher

10:02, March 19, 2021

• Shanghai gold futures open higher

  SHANGHAI, March 18 (Xinhua) -- Gold futures opened higher Thursday in daytime trading on the Shanghai Futures Exchange.The most active gold contract for June 2021 delivery was up 2.98 yuan (about 46 U.S. cents) to open at 368.74 yuan a gram.China launched gold futures in January 2008.

• China steel futures open higher

  SHANGHAI, March 18 (Xinhua) -- Steel futures opened higher Thursday in daytime trading on the Shanghai Futures Exchange.The most active construction steel rebar contract for May 2021 delivery was up 70 yuan (about 10.77 U.S. dollars) to open at 4,808 yuan a tonne.The most active May 2021 contract for hot rolled coils, mainly used in cars and appliances, was up 45 yuan to open at 4,997 yuan a tonne.

• China Hushen 300 index futures open higher Thursday

  BEIJING, March 18 (Xinhua) -- Chinas Hushen 300 index futures opened higher on Thursday, with the contract for settlement in March 2021 opening 0.32 percent higher at 5,098 points.The April 2021 contract opened 0.11 percent higher at 5,053.39 points. The June 2021 contract opened 0.42 percent higher at 5,006.8 points. The September 2021 contract opened 0.06 percent higher at 4,909.60 points.The stock-index contracts, agreements to buy or sell the blue-chip Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.The index futures were launched at the China Financial Futures Exchange and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.