The coking coal and coke contracts led the uptrend in the Chinese ferrous futures market during the morning trading session on Wednesday January 23.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,638 yuan ($534) per tonne, up 1 yuan per tonneMay hot-rolled coil: 3,560 yuan per tonne, up 5 yuan per tonneDalian Commodity Exchange May iron ore: 528 yuan per tonne, up 0.50 yuan per tonneMay coking coal: 1,232 yuan per tonne, up 21 yuan per tonneMay coke: 2,043 yuan per tonne, up 19.50 yuan per tonne Raw materials The following were obtained from market sources:Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Pilbara Blend fines, offered at $74.50 per tonne cfr China, February 28-March 9.BHP, Corex, joint cargo, 80,000 tonnes of 57% Fe Yandi fines, offered at the February average of two 62% Fe indices, adjusted...