– Iron ore price on September 24th increased by 3.9% to CNY 667/ton

– Shanghai bar steel price increased by 1.3% while hot rolled coil decreased by 0.8%.

– The price of coking coal for January 2022 on the Dalian Commodity Exchange increased by about 7.7% to CNY 3,044

– The price of tin rose 2% to $35,680/ton after rising 3.1% in the previous day.

Iron ore futures for January 2022 traded on the Dalian Commodity Exchange on September 24 increased by 3.9% to 667 CNY/ton, before that iron ore price reached 685.5 CNY/ton, the highest since from September 16.
The price of iron ore for October futures in Singapore fell 1.3% to 106.35 USD/ton.
Bar prices in Shanghai increased 1.3% while hot rolled coil decreased 0.8%. Stainless steel increased 1%.

Spot iron ore prices in China hit $105 a tonne on September 22, near a 14-month low and down 55% from a peak in mid-May.

 

 

Dalian coking coal price has increased more than 80% in 2021

January 2022 coking coal price on the Dalian Commodity Exchange rose about 7.7% to 3,044 yuan ($470.62) per ton, the strongest since September 10. Coke prices rose 4.1% to CNY 3,482/ton.
Dalian coking coal prices have surged more than 80% this year as China, the world’s top steel producer grapples with tight supplies following an Australian coal ban, supply disruptions in Mongolia and Domestic production is weakened by restrictions on mining safety.
Analysts at Sinosteel Future said the coking industry in Shandong, Shanxi and parts of Hebei was affected by factors such as environmental protection and production restrictions.
Tin prices rose to near record highs due to stock shortages at the London Metal Exchange (LME). In general, industrial metals are boosted by optimism that China, the world’s largest market, can avoid the collapse of real estate group Evergrande.

Tin prices on the LME rose 2% to $35,680 a tonne after rising 3.1% in the previous day. The metal is up more than 70 percent on the year and last month hit a historic high at $35,955 a tonne.
Tin stocks on the LME fell to 675 tonnes from about 1,500 tonnes in July and more than 5,000 tonnes a year ago. Inventories on the Shanghai exchange fell to 1,278 tonnes from more than 8,500 tonnes in March.
According to the International Tin Association, the tin market of 380,000 tons will be short of 10,200 tons this year and 12,700 tons short in 2022.

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