Steel prices today increased to 4,703 yuan / ton on the Shanghai Exchange. Some small-scale coal mines in Shaanxi province (China) have begun to take a holiday for the New Year, so the supply at ports is tight.
Steel price today increased slightly Steel price today delivered in May 2022 on the Shanghai Exchange increased 5 yuan to 4,703 yuan / ton at the time of survey at 7:55 am (Vietnam time).
| Type name | Period | 20/1 | Difference from previous transaction |
| Copper price | Delivery in March 2022 | 70.830 | +830 |
| Zinc price | Delivery in March 2022 | 25.120 | +310 |
| Nickel price | Delivered in February 2022 | 171.490 | +8.260 |
| Silver price | Delivered in June 2022 | 4.978 | +124 |
| Steel price | Delivered in May 2022 | 4.703 | +5 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
China’s thermal coal futures rose more than 6% on Wednesday, hitting levels last seen at the end of November, amid investor concerns about tight supply ahead of the period. Tet holiday – the time when coal mines usually slow down or close.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Specifically, thermal coal futures CZCcv1, the most actively traded on the Zhengzhou Commodity Exchange (ZCE), increased 6.6% to 774.8 yuan/ton (equivalent to 122.06). USD/ton).
This rally is in line with the uptrend in the spot market. Data tracked by China Coal Transport and Distribution (CCTD) showed that the price of standard 5,500 kcal/kg thermal coal at northern ports rose to 935 yuan/t on Tuesday. (January 18).
Analysts at Huatai Futures said that although large coal mines are still operating stably, some small-scale mines in the major mining province of Shaanxi have been shut down for the New Year holiday. Therefore, the supply at ports is tightening.
Photo: Tangshan Yuxuan International Trading Co. Ltd
Private companies in China, including coal mines, often close a week or more before the Lunar New Year, when hundreds of millions of workers go home to celebrate the New Year.
CCTD data shows that coal inventories at coastal ports fell to their lowest level since early October 2021, reaching 47.82 million tonnes, although the current level is still 44 times higher than the same period last year. .89 million tons.
Meanwhile, a severe cold spell is expected to hit northern China during the Lunar New Year holiday week, which could increase coal consumption at power companies, Reuters reported.
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