China's ferrous futures retreated during morning trading on Thursday December 27, that despite opening about 1-2% above Wednesday's settlement levels.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,410 yuan ($495) per tonne, down 54 yuan per tonne May hot rolled coil: 3,322 yuan per tonne, down 77 yuan per tonneDalian Commodity Exchange May iron ore: 488 yuan per tonne, down 7.50 yuan per tonne May coking coal: 1,179 yuan per tonne, down 18 yuan per tonne May coke: 1,907 yuan per tonne, down 35 yuan per tonne Raw materials The following was obtained from market sources:Global Ore, 170,000 tonnes of 65% Fe Iron Ore Carajas, offered at $88.40 per...