China's ferrous futures largely trended downward during morning trading on Thursday January 11 with the exception of the coking coal contract, which ended the session higher.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,844 ($58) per tonne, down 17 yuan per tonne May hot-rolled coil: 3,880 yuan per tonne, down 14 yuan per tonne Dalian Commodity Exchange May iron ore: 556 yuan per tonne, down 1.50 yuan per tonne May coking coal: 1,364 yuan per tonne, up 7.50 yuan per tonne May coke: 2,024 yuan per tonne, down 2.50 yuan per tonne Raw materials A tropical low is steadily intensifying off the west Kimberley coast in Western Australia and is likely to become a tropical cyclone this morning, the Pilbara Ports Authority said on Thursday.As such, the authority has commenced the clearing of the Port of Port...