China's ferrous futures had a mixed morning on Wednesday January 16, with the steel contracts posting increases while the steelmaking raw materials ones ended the session slightly lower than their opening prices.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,537 yuan ($523) per tonne, up 16 yuan per tonne May hot rolled coil: 3,434 yuan per tonne, up 19 yuan per tonneDalian Commodity Exchange May iron ore: 512 yuan per tonne, down 1 yuan per tonne May coking coal: 1,228 yuan per tonne, down 5 yuan per tonne May coke: 2,016.50 yuan per tonne, down 0.50 yuan per tonne Raw materials The following were obtained from market sources:Global Ore, 170,000 tonnes of 62% Fe Pilbara Blend fines,...