China's ferrous futures dipped during morning trading on Wednesday January 3 with sentiment remaining bearish due to increasing steel inventory levels and weak demand.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,848 yuan ($592) per tonne, down 11 yuan per tonne May hot-rolled coil: 3,895 yuan per tonne, down 18 yuan per tonneDalian Commodity Exchange May iron ore: 542 yuan per tonne, down 1 yuan per tonne May coking coal: 1,359.50 yuan per tonne, down 3 yuan per tonne May coke: 2,020.50 yuan per tonne, down 10 yuan per tonne Raw materials The following was obtained from market sources:Rio...