Steel price today slightly adjusted. Steel price today May 2022 delivery on the Shanghai Exchange increased by 5 yuan to 4,485 yuan/ton at the time of the survey at 8:45 am (Vietnam time).
| Type name | Period | December 22 | Difference from previous transaction |
| Copper price | Delivered in February 2022 | 69.510 | +510 |
| Zinc price | Delivered in February 2022 | 23.765 | +235 |
| Nickel price | Delivered in February 2022 | 145.000 | +1.850 |
| Silver price | Delivered in July 2022 | 4.820 | +47 |
| Steel price | Delivered in May 2022 | 4.485 | +5 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
Iron ore prices hit a multi-week high on Tuesday, with benchmark futures on the Dalian Exchange (DCE) and the Singapore Exchange (SGX) rising for a fourth session in a row. next, according to Reuters.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Specifically, the DCIOcv1 iron ore contract for May 2022 delivery, the most traded on China’s DCE Exchange, ended daytime trading 2.6% higher at 702 yuan/t (equivalent to 110). .18 USD/ton).
Earlier in the session, this contract hit 709 yuan/ton, the highest level recorded since October 28.
Similarly, the iron ore contract SZZFG2 for delivery in February 2022 on SGX was also adjusted up 3.3%, reaching 128.65 USD/ton.
The reason for this increase was underpinned by expectations of improving demand for the main steelmaking component of China’s leading steel producer.
Also on Tuesday, steel futures on the Shanghai Futures Exchange fell again after six sessions of gains, with SRBcv1 rebar down 1.4% and hot rolled coil SHHCcv1 down 2.3%. Meanwhile, the price of stainless steel SHScv1 increased by 0.3%.
Photo: Alibaba
In China’s spot market, standard 62% Fe iron ore traded at $125/ton on Monday (December 20), rising steadily since December 15 to hit a high. since October 13.
Atilla Widnell, Managing Director of Navigate Commodities in Singapore, said: “Once again, the direction, momentum and price of iron ore is largely determined by sentiment as little has changed to the supply balance. global demand”.
In particular, iron ore prices on the DCE Exchange have rebounded more than 30% from their lows in November, after Beijing earlier this month announced a priority of stabilizing economic growth in 2022, raising hopes. market stimulus measures.
However, downside risks still exist, especially the possibility of a new wave of COVID-19 and pandemic shutdowns. Inventories of imported iron ore are now piling up at the country’s ports, and hit their highest levels since mid-2018 last week.
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
