Steel prices today fell to 4,422 yuan/ton on the Shanghai Exchange. China’s steel price is expected to suffer both negative and positive impacts in January 2022.
Steel prices today fell again. Steel price today delivered in May 2022 on the Shanghai Exchange fell 91 yuan to 4,422 yuan/ton at the time of the survey at 8:20 am (Vietnam time).
| Type name | Period | December 27 | Difference from previous transaction |
| Giá đồng | Delivered in February 2022 | 69.840 | +50 |
| Giá kẽm | Delivered in February 2022 | 24.395 | +35 |
| Giá niken | Delivered in February 2022 | 147.710 | -610 |
| Giá bạc | Delivered in July 2022 | 4.865 | +5 |
| Giá thép | Delivered in May 2022 | 4.422 | -91 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
According to a new report released by the China Iron and Steel Association (CISA), the decline in steel inventories in the spot market in China has shown signs of slowing down.
Iron ore chart at Shanghai Exchange (Source: Shfe)
Meanwhile, inventories from steel producers have increased again, signaling that steel prices will come under some pressure, although unlikely to show a large decline but will instead fluctuate in a short period of time. limited range.
Recorded on December 10 shows that the total domestic inventories of the 5 main finished steel products in 20 major cities in China reached 8.27 million tons, down 380,000 tons, or 4.4%, compared with the previous day. 11/30.
As of December 10, finished steel inventories of medium and large-scale steel enterprises in China reached 13.3425 million tons, an increase of 858,200 tons, or 6.87%, compared to November 30. .
In February 2022, the Winter Olympics will be held in Beijing and Zhangjiakou, while in March there will be an important conference also held in Beijing.
Therefore, production restrictions this winter will be very strict, which will reduce crude steel output and steel prices will in turn be supported.
Photo: North Shore Steel
According to the recently held Central Economic Work Conference, China will ensure a stable macroeconomic environment, with policies being enacted gradually in the near future, helping to support the steel industry.
Also as of December 10, the price of imported iron ore, domestically produced iron ore concentrate and scrap price increased by 3.13%, 1.25% and 1.92% respectively compared to the end of November.
The price of coking coal and coking coal is continuously falling, while the slowing rate of decline will negatively affect the profits of steel producers, according to page Steel Orbis.
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