Steel prices today increased to 4,743 yuan / ton on the Shanghai Exchange. In China, the supply of coking coal remains scarce as imports from countries such as Mongolia are affected by the pandemic situation.
Steel prices go up today
Steel price today January 2022 delivery on the Shanghai Exchange increased by 134 yuan to 4,743 yuan/ton at the time of the survey at 8:30 am (Vietnam time).
| Type name | Period | October 29 | Difference from previous transaction |
| Copper price | Delivery in December 2021 | 70.760 | +390 |
| Zinc price | Delivery in December 2021 | 23.660 | -40 |
| Nickel price | Delivery in December 2021 | 145.350 | +350 |
| Silver price | Delivery in December 2021 | 4.917 | -8 |
| Steel price | Delivered in January 2022 | 4.743 | +134 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
China’s coking coal futures fell to their trading limit for a second straight session on Thursday and plummeted to a near two-month low, as Beijing ramped up its bids. measures to cool down the rising coal price.
Iron ore chart at Shanghai exchange (Source: Shfe)
Specifically, the January 2022 coking coal contract, the most actively traded on the Dalian Commodity Exchange (DCE), fell 12% to 2,503 yuan/t ($391.24). /ton), hitting the lowest level since September 1.
On the same day, the prices of other steelmaking materials, including coke and iron ore, on DCE also recorded a downtrend.
On the Shanghai Futures Exchange (SHFE), the price of rebar used in construction fell 1.3% to 4,712 yuan/ton.
Similarly, hot rolled steel price fell 1.7% to 5,063 yuan/ton and stainless steel price fell 3.2% to 19,295 yuan/ton.
Photo: Hickman and Love
On Wednesday (October 27), China’s top economic planner held a series of meetings with key manufacturers and industry associations, to discuss measures such as setting price levels and how to identify companies showing signs of profiteering.
“Policy intervention in coal prices is intensifying,” said SinoSteel Futures analysts. Exchanges have tightened trading rules for relevant products.”
Meanwhile, according to analysts of Huatai Futures, the supply of coking coal remains scarce as imports from countries such as Mongolia are affected by the pandemic situation, Reuters reported
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