Steel prices today turned down
Steel price today delivered in May 2022 on the Shanghai Exchange fell 8 yuan to 4,386 yuan / ton at the time of the survey at 9:00 (Vietnam time).
| Type name | Period | December 15th | Difference from previous transaction |
| Copper price | Delivered in January 2022 | 68.620 | -290 |
| Zinc price | Delivered in January 2022 | 23.255 | -250 |
| Nickel price | Delivered in February 2022 | 142.060 | -1.300 |
| Silver price | Delivered in June 2022 | 4.677 | -57 |
| Steel price | Delivered in May 2022 | 4.386 | -8 |
Futures trading price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
On Tuesday (December 14), China’s steel futures raw materials rose all at once, led by a rise of more than 6% in coking coal prices, Reuters reported.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Accordingly, the price of coking coal for delivery in May 2022, the most actively traded on the Dalian Commodity Exchange (DCE), increased 6.2% to 2,077 yuan/ton (equivalent to 326). .34 USD/ton).
At the end of the session, this contract closed with a gain of 3%, reaching 2,015 yuan/ton.
Similarly, the price of coke on the DCE Exchange also increased by 2.1% to 2,968 yuan/ton.
The increase in metallurgical coal prices stems from concerns about supply in the context that imports of this material are still relatively low.
Due to the pandemic situation at home and abroad, the clearance of coking coal from Mongolia is still limited. Meanwhile, trucking for coke has not yet fully recovered.
Iron ore futures fell 0.6 percent to 651 yuan a tonne at the close, retreating from a 3.5% gain earlier in the session.
Photo: London Metal Exchange
On the same day, steel contracts on the Shanghai Futures Exchange (SHFE) also recorded gains in the morning session.
Specifically, the price of used construction rebar increased 0.8% to 4,382 yuan/ton.
The price of hot rolled coil, used in the manufacturing sector, ended the session with an increase of 1.7% to 4,550 yuan/ton.
The price of stainless steel for delivery in January 2022 on the SHFE Exchange also increased by 1.8% to 16,025 yuan/ton.
Beijing’s recent stance and monetary policy have offered hope for a recovery in steel demand in the first half of 2022, GF Futures analysts said.
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