Steel prices today fell to 4,065 yuan / ton on the Shanghai Exchange. Iron ore prices continued to increase in the context of market expectations about the policies in the bailout package for the real estate sector in China.
Construction iron and steel prices today on the Shanghai Exchange
Steel price today delivered in October 2022 on the Shanghai Exchange fell 19 yuan to 4,065 yuan/ton at the time of the survey at 9:30 am (Vietnam time).
| Type name | Period | August 2nd | Difference from previous transaction |
| Copper price | Delivered in September 2022 | 59.820 | -870 |
| Zinc price | Delivered in September 2022 | 23.920 | -220 |
| Nickel price | Delivered in September 2022 | 177.390 | -1.840 |
| Silver price | Delivery in December 2022 | 4.483 | +34 |
| Steel price | Delivered in October 2022 | 4.065 | -19 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
On Monday (August 1), iron ore prices continued to climb, extending last week’s solid gains, Reuters reported.
Iron ore chart at Shanghai Exchange (Source: SHFE)
The reason for this increase was driven by hopes of increased infrastructure spending and the prospect of bailout packages for the real estate sector in China.
Accordingly, the September 2022 iron ore contract, the most traded on China’s Dalian Commodity Exchange (DCE), ended daytime trading 0.8% higher at 787 yuan. yuan/ton (equivalent to 116.55 USD/ton).
Earlier in the session, the contract hit its strongest level since June 30 at 817.50 yuan/ton.
On the Singapore Exchange (SGX), the September 2022 iron ore contract closed with a gain of 1.2% to reach $116.40 per tonne, after having recorded a session high of 120.95 USD/ton.
Despite the upward move, weak mill activity data capped gains in iron ore prices in the futures market.
After China’s cabinet meeting, state media reported on Friday that the country is urging local governments to accelerate the use of special bonds for infrastructure. mature and profitable.
Fitch Ratings said it expects more financial support from the Chinese government to boost infrastructure investment.
Ảnh: Thảo Vy
Iron ore’s gains last week were partly fueled by reports that China was planning to help property developers.
Accordingly, the government is expected to provide loans worth 1 trillion yuan ($148 billion) for stalled development projects.
Now, Beijing is trying to revive its indebted real estate sector and ease the pressure on the economy.
Construction steel price today in the domestic market
Steel price list in the North today:
Ảnh: Steelonline
Steel price list in the South today:
Ảnh: Steelonline
Steel price list in the Central region today:
Ảnh: Steelonline
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