Steel prices today fell to 4,315 yuan / ton on the Shanghai Exchange. China’s steel production index according to S&P Global Platts reached 119 points in November 2021, recovering from 102 points in the previous month.
Steel prices fell slightly today.
Steel price today delivered in May 2022 on the Shanghai Exchange fell 5 yuan to 4,315 yuan / ton at the time of the survey at 8:15 am (Vietnam time).
| Tên loại | Kỳ hạn | Ngaỳ 3/1 | Chênh lệch so với giá giao dịch trước đó |
| Giá đồng | Giao tháng 2/2022 | 70.380 | +360 |
| Giá kẽm | Giao tháng 2/2022 | 24.125 | +80 |
| Giá Niken | Giao tháng 2/2022 | 152.080 | +2.040 |
| Giá bạc | Giao tháng 6/2022 | 4.880 | +82 |
| Giá thép | Giao tháng 5/2022 | 4.315 | -5 |
List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
China’s steel production index according to S&P Global Platts, a separate measure of steel consumption, stood at 119 points in November 2021, recovering from 102 points in October 2021, but still 7 points lower. compared with the same period last year.
Iron ore chart at Shanghai Exchange (Source: Shfe)
The uptrend is likely to continue into the new year, market participants say, given the potential for further domestic stimulus measures and expectations of strong foreign demand through the first half of 2022. .
The above manufacturing index is based on production data from the National Bureau of Statistics of China (NBS) for 17 steel-related manufacturing commodities, categorized into seven sectors and weighted by steel consumption. , with 100 being the base level.
Also in November 2021, only the production of ships, power generation works and containers increased compared to the same period in 2020. Meanwhile, the production index of machinery, automobiles, household appliances and road equipment iron was lower than last year, although all improved compared to October 2021.
Regarding the outlook for the first six months of 2022, market sources said they expect China’s manufacturing sector to gain further upward momentum when the bank reserve requirement ratio cuts, or even interest rates, boosting manufacturing sectors related to both consumption and construction.
Factory sources said that the supply of chips for vehicles is expected to gradually decrease in the first half of 2022, while allowing passenger vehicle sales and production to increase from current levels.
The China Association of Automobile Manufacturers forecasts that China’s vehicle output in 2022 will increase by 5.4% year-on-year to 27.5 million units, according to S&P Global Platts.
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