Is The Market Stupid...?, page-76

China AM: Coking coal futures buck downtrend
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...