Steel prices today increased to 4,235 yuan / ton on the Shanghai Exchange. China’s coking coal and coking coal futures edged higher amid disruptions in coal imports from Mongolia due to the outbreak of the Omicron variant.
Steel prices increase today.
Today’s steel price for delivery in May 2022 on the Shanghai Exchange increased by 3 yuan to 4,235 yuan/ton at the time of the survey at 9:10 am (Vietnam time).
| Type name | Period | 2/12 | Difference from previous transaction |
| Copper price | Delivered in January 2022 | 68.990 | -520 |
| Zinc price | Delivered in January 2022 | 23.045 | -50 |
| Nickel price | Delivered in February 2022 | 147.490 | -1.460 |
| Silver price | Delivered in June 2022 | 4.703 | -91 |
| Steel price | Delivered in May 2022 | 4.235 | +3 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
China’s coking coal and coking coal futures rose more than 5% on Wednesday, amid supply concerns due to disruptions in coal imports from Mongolia in the wake of the coronavirus outbreak. Omicron variant.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Accordingly, the May 2022 coking coal contract, the most traded on the Dalian Commodity Exchange (DCE), rose 5.3% to 1,962 yuan per tonne (equivalent to 308.38). USD/ton) in the morning session.
Similarly, coke prices also followed suit, rising 4.7% to 2,780 yuan per tonne, after rising 5% earlier in the session.
On the same day, the price of iron ore for delivery in January 2022 on DCE also increased by 2.4% to 629 yuan/ton.
On the Shanghai Futures Exchange (SHFE), the price of construction material rebar SRBcv1 jumped 2.3% to 4,238 yuan/ton.
The price of SHHCcv1 hot-rolled coil, used in the automotive and home appliance manufacturing sectors, also increased by 1.8 percent to 4,648 yuan per tonne.
At the same time, the price of stainless steel futures SHScv1 on the SHFE Exchange was also traded 0.2% higher, recording 17,045 yuan/ton.
Data compiled by consulting firm SteelHome showed that on Tuesday (November 30), the spot price of 62% Fe iron ore for China inched up $0.50 to $105.5/ton.
Photo: Tangshan Yuxuan International Trading Co. Ltd
Some border cities in China’s Inner Mongolia region and Heilongjiang province have stopped non-container rail imports of commodities including coal, iron ore, copper ore and zinc to reduce risks in the region. outbreak of the disease again.
“Imports of thermal coal from Mongolia are expected to drop significantly,” said Galaxy Futures analysts. Many traders have been bullish and may continue to rise in the near-term,” Reuters reported.
T&G International Joint Stock Company
Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi
Hotline: 0345786803
Email: hrm@tginterjsc.com
Website: http://tginternationaljsc.com
