Steel prices continue to go down today
Steel price today delivered in January 2022 on the Shanghai Exchange fell 88 yuan to 5,373 yuan/ton at the time of the survey at 9:30 am (Vietnam time).
| Type name | Period | October 20 | Difference from previous transaction |
| Copper price | Delivered in January 2022 | 73.210 | -1.990 |
| Zinc price | Delivery in December 2021 | 25.425 | -1.765 |
| Nickel price | Delivery in December 2021 | 148.100 | -2.220 |
| Silver price | Delivery in December 2021 | 4.969 | +35 |
| Steel price | Delivery in December 2021 | 5.373 | -88 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
On Tuesday (October 19), iron ore futures on China’s Dalian Commodity Exchange (DCE) recovered after four consecutive declines.
Iron ore chart at Shanghai exchange (Source: Shfe)
Accordingly, the DCIOcv1 iron ore contract delivered in January 2022, the most traded on DCE, closed with a 0.1% gain to reach 707 yuan/ton (equivalent to 110.37 USD/ton). ).
Data compiled by consulting firm SteelHome showed that the spot price of SH-CCN-IRNOR62 iron ore with 62% Fe iron content for delivery to China remained unchanged at $123/ton on Monday. October 18).
On the same Tuesday, prices of other steelmaking components extended gains on the DCE.
Specifically, DJMcv1 coking coal price increased by 0.9% to 3,729 yuan/ton. At the same time, DCJcv1 coke prices rose 8.2% to 4,550 yuan/t before closing 4.7% higher at 4,402 yuan/mt.
According to records on the Shanghai Futures Exchange (SHFE), the price of SRBcv1 rebar, used in the construction sector, also increased 2.3% to 5,546 yuan/ton.
Similarly, the price of hot rolled coil SHHCcv1 on SHFE also increased by 1.2%, recording at 5,736 yuan/ton.
Meanwhile, only the price of SHSScv1 stainless steel on the SHFE Exchange has the opposite trend, down 2.1% to 20,400 yuan/ton on the same day.
Photo: Shanghai Unite Steel
According to data from the consulting firm Mysteel, in the week ended October 17, the output of iron ore shipments departing from Australia and Brazil reached 23.54 million tons, down 589,000 tons from the previous week.
BHP Group, the world’s largest mining group in Australia, announced first-quarter iron ore output fell by nearly 5% year-on-year.
Last week, Rio Tinto also lowered its forecast for iron ore shipments for 2021 due to the tightening labor market, Reuters reported.
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