China's ferrous futures continued to rise during morning trading on Friday January 4 ahead of bilateral trade talks with the United States and amid plans of new infrastructure investments by the state railway operator for this year.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,473 yuan ($505) per tonne, up 32 yuan per tonneMay hot-rolled coil: 3,369 yuan per tonne, up 34 yuan per tonneDalian Commodity Exchange May iron ore: 507 yuan per tonne, up 3 yuan per tonneMay coking coal: 1,182 yuan per tonne, up 13 yuan per tonneMay coke: 1,940 yuan per tonne, up 16 yuan per tonne Raw materials The following were obtained from market sources:Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 61% Fe Pilbara Blend fines,...