Steel prices continue to fall today.
Steel price today delivered in May 2022 on the Shanghai Exchange fell 44 yuan to 4,668 yuan/ton at the time of the survey at 8:50 am (Vietnam time).
| Tên loại | Kỳ hạn | Ngày 25/1 | Chênh lệch so với giao dịch trước đó |
| Copper price | Delivery in March 2022 | 70.040 | -1.090 |
| Zinc price | Delivery in March 2022 | 24.815 | -225 |
| Nickel price | Delivery in March 2022 | 166.120 | -11.560 |
| Silver price | Delivery in March 2022 | 4.926 | -100 |
| Steel price | Delivery in July 2022 | 4.668 | -44 |
Futures trading price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
On Monday (January 24), iron ore prices fell as traders appeared cautious ahead of the upcoming Chinese New Year holiday and the upcoming Beijing Winter Olympic Games, Reuters reported.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Accordingly, the DCIOcv1 iron ore contract for May delivery, the most traded on the Dalian Commodity Exchange (DCE), ended day trading 1.7% lower at 740 yuan. /ton.
Earlier, in the early trading session, this contract extended last week’s rally to 771.50 yuan/ton. This is the highest level recorded since October 13, 2021.
Similarly, the SZZFH2 iron ore contract for March delivery, the most actively traded on the Singapore Exchange (SGX), fell 2.7% to $133.30 a tonne, after hitting a peak of 141.40 USD/ton earlier in the session.
Photo: Shanghai Unite Steel
The Lunar New Year holiday schedule at China’s leading steel producer will last from January 31 to February 6. Steel mill operations are expected to be reduced throughout February to improve air quality during the Beijing Olympics.
Also on Monday, China’s environment ministry said Beijing and Hebei province would take urgent actions to curb heavy pollution.
The country has warned of very adverse weather conditions ahead of the Olympics, suggesting that steel production controls are likely to get tighter in the coming weeks.
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