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Market on August 16: Oil and copper prices fell, gold solidified, iron ore and rubber rose

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Market on August 16: Oil and copper prices fell, gold solidified, iron ore and rubber rose

Giá một số mặt hàng quay đầu giảm trong phiên thứ Ba (15/8), trong đó dầu giảm hơn 1% và đồng thấp nhất 6 tuần. Giá ngũ cốc phiên này cũng giảm. Trong khi đó,…

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A Vietnamese agricultural product is very popular with Americans: Spending more than 500 million USD on imports since the beginning of the year, Vietnam ranks first in the world.

According to preliminary statistics of the General Department of Customs, in July 2022, Vietnam's cashew exports reached 54,675 tons, worth more than 304.3 million USD, down 7.5% in volume and down 10 2% in turnover…

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The 2nd largest company in Vietnam has a profit of more than 400 billion VND in the first 6 months, 2.1 times higher than the same period last year

Dong Bac Corporation - under the Ministry of Defense - is the second largest coal company in Vietnam after Vietnam National Coal and Mineral Group (TKV). Total assets at the end of the second quarter…

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Russian crude oil has become too dependent on India and China

Russia is becoming increasingly dependent on China and India, which account for more than 40% of its oil exports. But worrying for Russia is that crude oil imports of these two markets have shown signs…

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Europe: The gas crisis is not over, the coal crisis is coming again

Some EU countries have decided to restart old coal power plants to overcome the very serious energy shortage. Photo: Getty Images Coal crisis is lurking in Europe According to Politico (USA), when Europe is facing…

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Iron ore prices fell for 4 consecutive sessions on concerns about weakening Chinese real estate industry

Iron ore futures on the Dalian and Singapore exchanges both fell on August 3 amid the crisis that is engulfing Chinese real estate companies. According to Reuters, the price of iron ore for delivery in…

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Markets on August 4: Oil prices fall 4%, wheat falls to 6-month low

Closing the session on August 3, oil prices fell about 4% on news that US crude and gasoline inventories unexpectedly increased last week, and OPEC + will raise output targets, copper and iron ore will…

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Imposing anti-dumping tax of 42.99% on sugar imported from Cambodia, Indonesia, Malaysia, Laos, Myanmar

Sugar imported from Cambodia, Indonesia, Malaysia, Laos and Myanmar is subject to anti-dumping duty at the same rate of 42.99% as for Thai sugar. Anti-circumvention measures will take effect after 7 days from the date…

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Sea freight rates tend to increase again

Congestion at ports is one of the factors causing the price of spot sea freight to increase in some routes. Without containers, trains that cannot optimize their transport capacity also push up freight rates. One-time…

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Three charts show the severity of the gas crisis in Europe

Tighter gas supplies have pushed prices sky-high and shaken the economic outlook across Europe. According to  CNBC, Europe is facing an unprecedented energy crisis, pushing its economy closer to recession and raising many questions about…

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Construction iron and steel prices today 2/8: Slightly reduced again on the Shanghai Floor

Steel prices today fell to 4,065 yuan / ton on the Shanghai Exchange. Iron ore prices continued to increase in the context of market expectations about the policies in the bailout package for the real…

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The flow of Russian crude oil to China continues to increase – how is the world’s largest consumer market buying Russian oil?

Before Western sanctions, China is buying barrels of Russian oil through "secret" methods, so the amount of Russian oil flowing to China is still increasing rapidly as Russia tries to find alternative customers to the…

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Những động lực nào ảnh hưởng đến thị trường thép?

Steel prices have increased and decreased abnormally in the past year. The impact of the conflict and the situation in China has made the usual measures to evaluate the steel market no longer accurate. Steel…

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Oil market madness

According to the Financial Times, in the past 2 years, the crude oil market has fluctuated wildly, sometimes falling to negative levels due to the impact of the COVID-19 epidemic, but sometimes trading as high…

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How “terrible” is the giant gas pipeline connecting Russia to China?

Power of Siberia is the name of a large-scale gas pipeline that began pumping the first cubic meters of gas to China in December 2019. Up to now, China and Russia have reached the final…

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Exports will come under more pressure in the second half of 2022

Some organizations forecast many factors that could make Vietnam's export growth this year less positive. In the first 6 months of 2022, Vietnam's export turnover of goods reached $186.03 billion (up 17.3% over the same…

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Russia to build a huge oil export port in the Arctic

Russian oil giant Rosneft is building a major oil export port in the North Sea, a step toward realizing Moscow's polar exploration ambitions. Oil export at the port of Bukhta Sever. The facility is part…

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The world has a headache because of expensive gasoline prices, and oil and gas giants simultaneously report record profits

The world's oil giants are expected to reap huge profits in the second quarter of this year, but this outstanding performance can also be a bad omen for themselves in the future. Huge profits Exxon…

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Sea freight ‘cools down’, businesses still invest in buying more ships

Sea freight rates are 'cooling down' as the global supply chain is less tense. According to businesses, freight rates from Vietnam to the US, Europe... have decreased by 30-40% compared to the peak price in…

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Markets on July 27: Oil and gold prices both fell, copper and iron ore hit 2-week highs

The International Monetary Fund (IMF) cut its global growth forecast and US consumer confidence fell for the third consecutive month, dragging oil and gold prices down. Closing the session on July 26, oil and gold…

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From a few billion per quarter, a coal trading company suddenly made a sudden profit of 342 billion dong in the second quarter, the highest EPS on the stock exchange with a P/E of just over 2 times

Coalimex's Q2 net revenue reached VND 6,154 billion, 7.7 times higher than the same period last year; profit after tax of 273 billion dong, 37 times higher than the same period in 2021, only 7.4…

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Australia becomes the main supplier of rapeseed to the EU after the Ukraine conflict

EU-27 rapeseed imports from non-EU countries fell by 500,000 tons year-on-year to 5.3 million tons. Canada - the main supplier to the EU market suffered great damage due to reduced harvest. In contrast, production in…

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World energy price list today July 26, 2022

World energy price list today July 26, 2022 Futures prices of crude oil, natural gas, and petroleum in the world ended the session on July 25, 2022.

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Invest in a port of 50,000 tons to create momentum for the development of logistics services in the central region

Chu Lai's construction of a port to receive ships of 50,000 tons will contribute to improving the logistics supply chain's capacity, creating a driving force for the development of production areas and effectively exploiting the…

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Raw material prices soar, businesses are sitting on fire

The price of input materials is continuously increasing and there is no sign of "cooling down". That leads to the risk of enterprises (DN) having to compensate for their own losses, both worrying about lack…

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Metal prices on July 22, 2022: Copper fell due to weak demand

Trên sàn giao dịch London giá đồng giamr,6% xuống 7.261 USD/tấn, giá kẽm giảm 2,4% xuống 2.934 USD/tấn và giá chì giảm 1,0% xuống 2.012,5 USD/tấn.Trên sàn giao dịch Thượng Hải, giá Nikel tăng 3%…

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Which products are benefiting from China’s plan to revive the economy?

Over the past two decades, China's infrastructure spending has been the engine of demand growth for steel, copper and aluminum prices. Earlier this year, the Chinese government directed the determination to put all efforts to…

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Wildfires, record heat in Europe, gas prices increased by more than 4%

Gas price in Europe on July 19 was 164 euros/mwh ($167/mwh), up nearly 4% from the previous day. According to  Trading Economics, the gas price in Europe on July 19 was 164 euros/mwh ($167/mwh), up…

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World oil prices rise 1% to 2-week high

Oil prices rose about 1%, with Brent settling at a two-week high in volatile trading on Tuesday, as traders worried about tight supply and a weaker dollar. Brent oil futures rose $1.08, or 1.0%, to…

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Export value once ranked 5/5 in ASEAN-5, how many years does it take for Vietnam to rise to the No. 1 position?

In 1996, Vietnam's export value reached 9.5 billion USD, ranking 5th out of 5 countries in ASEAN-6. Meanwhile, Malaysia is the country with the highest export value, reaching 92.12 billion USD. However, in 2005, Vietnam's…

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Steel price continues to cool down, just over 2 months has decreased 9 times in a row

Steel price has decreased 9 times in a row with the highest total decrease of about 3.3 million VND/ton. The Chinese steel market is also under great pressure due to severe weather that has forced…

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MXV News on the morning of July 18: Metals and agricultural products led the week’s decline

At the end of the trading week 11/07 - 17/07, the sharp drop in prices of many important commodities, especially agricultural products and metals in the past week caused the MXV-index to plunge 4, 93%…

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Iron ore prices on July 15, 2022 dropped to lows due to demand concerns

Iron ore prices on the Singapore Exchange fell 5.5% to $102.75 a tonne, marking a new low for 2022. On the Dalian Commodity Exchange the iron ore contract was the most traded in September. In…

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The drop in the price of this metal is not a joy, but a worry for the economy

Strategists say that copper, a key manufacturing metal, has fallen in price, suggesting that investors are taking a negative view of the economic outlook. Copper is considered the most important indicator when measuring the health…

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Xuất khẩu gạo sang các thị trường 6 tháng đầu năm 2022 tăng cả lượng, kim ngạch

Theo thống kê sơ bộ của tổng cục hải quan, 6 tháng ầu nă 2022 cả n ước xuất khẩu trên 3,49 triệu tấn gạo, tương ạng trên gần 1,71 tỷn usd, grung 15,4 %…

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MXV news on the morning of July 14: Commodity market is mixed

Closing the trading day on July 13, the MXV-Index increased slightly by 0.54% to 2,517.25 points after the previous plunge, supported by the only recovering gain of the MXV-Index. quantity. Prices of commodities on the…

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Iron ore price on July 13, 2022: Simultaneously fell on both exchanges

Iron ore prices on July 13, 2022 on the Dalian Exchange and the Singapore Exchange both fell due to concerns about weak demand in China, with the announcement of the government planner about plans to…

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Not oil or water, experts warn this resource is running out: What is it?

When the whole world is focused on finding oil, clean water, but we forget that another important resource is about to run out. What is that? Sand covers a large area of the Earth's surface.…

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Market on July 13: Oil prices hit a 3-month low, gold hits a 9-month ‘bottom’, aluminum hits a 14-month low, iron ore, coffee, and grains also fall

The trading session on July 12 ended with commodity prices dropping simultaneously due to the strong USD exchange rate and concerns about the world economy's recession because of the recurrence of the COVID-19 pandemic in…

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Construction steel price continued to drop to 16 million VND/ton

After 8 consecutive declines, the price of construction steel plunged to 16 - 16.6 million VND/ton, depending on type and brand. VSA forecasts that steel prices may decrease until the end of the third quarter.…

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Diversify markets to boost exports

Although exports are still recovering strongly, unfavorable factors for Vietnam's commodity exports are also appearing. This comes from the slowing recovery of global trade due to the impact of the conflict between Russia and Ukraine,…

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MXV News on the morning of July 8: Copper prices recover from a 20-month low

At the end of the trading day 07/07, the green color dominated the commodity market and pulled the MXV-Index up sharply by 3.73% to 2,595.14 points after 2 previous sliding sessions. The MXV-Index of all…

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Electricity prices in Europe are all-time high

The Financial Times reported that electricity prices in the European Union (EU) have quadrupled due to rising gas costs. Accordingly, on July 5, electricity prices in Europe hit an all-time high due to the increase…

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The world coal market ended the week of July 3: Coal prices in Europe fell

The European market saw a correction in the thermal coal index below $365/ton after hitting a historic high of $425/ton on June 23. Europe considers using coal to ensure gas supply Gazprom has completed scheduled…

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Copper falls to 17-month low

Three-month copper on the London Metal Exchange fell 2.6% to $8,047 a tonne after falling to its lowest level since early February 2021 at $7,955 a tonne. Copper fell to a 17-month low as inflation…

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Iron ore and steel fall

Iron ore for September futures on the Dalian Commodity Exchange closed down 6.9% at 747.5 yuan per tonne. On the Singapore Exchange, the August iron ore contract fell 4.3 percent to $113.9 a tonne. Iron…

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Markets on July 1st: Oil prices fell 3%, industrial metals saw their biggest drop in years

Closing the session on June 30, oil prices fell about 3%, gold had its biggest quarterly drop in more than a year, copper had its biggest quarterly drop since 2011, rice and cereals all fell.…

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Is the continuous decline of iron and steel prices an opportunity to boost construction investment?

Steel prices have cooled down sharply in May and June but some other construction materials such as cement and sand still increased strongly - creating challenges in boosting construction investment.f1 World iron ore prices fell…

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Amid the race to secure winter energy, Europe finds unexpected supply

Ukraine can be a "savior" for the EU when it has an abundant amount of electricity after a large part of its people have migrated from the country. In the midst of an escalating energy…

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Iron ore price on June 29, 2022: Iron ore increased sharply

Iron ore prices rose to new one-week highs after China eased some Covid-19 testing requirements for international visitors and Beijing and Shanghai recorded no new Covid-19 cases. The July iron ore contract rose 4.1 percent…

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Shanghai does not record new Covid-19 infections, prices of rebar, iron ore increase

The price of iron ore contract in July on the Singapore exchange was 124.8 USD / ton, up 4.1% compared to the previous day. Iron ore prices hit a one-week high yesterday after China eased…

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Massive energy crisis

The Japanese government on June 27 warned of possible power shortages in the Tokyo area, and urged people to save energy as the country is experiencing an unusually intense heat wave. The Ministry of Economy…

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Rising energy prices cause chaos in Asia

The skyrocketing energy prices are seriously affecting the daily life of Asians. In Sri Lanka, people have to queue for kilometers to fill up a fuel tank. The country's prime minister last week said the…

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Market on June 28: Oil price increased by 2 USD/barrel, iron ore highest in a week

Closing the session on June 27, oil prices increased by about 2 USD/barrel due to the possibility of tighter supply, gold fell slightly, iron ore reached a one-week high while sugar reached a 4-week low.…

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The metal that is considered a measure of the stability of the global economy has dropped alarmingly – a recession already looming?

The price of copper has fallen to a record low in the past 16 months as an alarm bell about the current economic recession. This metal is inherently considered an economic measure when the price…

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Removing difficulties for enterprises to export silicon white sand and yellow sand for casting molds

The Government requested the Ministry of Construction to balance the market's demand, and to stipulate technical criteria for exporting silica white sand and yellow sand for casting molds after recruitment and processing. Removing difficulties for…

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Iron ore continues to fall on lackluster demand

Dalian iron ore is on track for its biggest weekly drop since mid-February, while iron ore prices in Singapore fell more than 2%, dragging on a bleak demand outlook from top steelmaker China. The most-traded…

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For the 7th time in a row, the domestic steel price decreased by 300,000 VND/ton

Domestic construction steel price on June 27 decreased to 300,000 VND/ton from June 27 On June 27, many steel enterprises continued to lower product prices with a reduction of up to 300,000 VND/ton. This adjustment…

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China’s steel mills wobble – what is the prospect of the steel industry?

The steel industry is entering a difficult time when steel prices have plummeted in recent times as well as a large decline in steel demand in China, the world's largest steel consuming market, causing factory…

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Do not a erio a drop in script “close ice” 10 năm trước

The market's difficulties have appeared, but this does not mean that the real estate investment channel 10 years ago will repeat itself. That is the assertion of many experts. Growth too fast, too hot in…

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The whole world is ‘shocked’ because of the lack of supply, China is ‘avoiding’ a series of oil refineries with huge capacity

In the context of soaring gasoline prices worldwide, and the US having to consider Cold War-era laws to boost production, a large amount of refining capacity on the other side of the hemisphere is left…

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Russian tankers mysteriously disappeared, this is how they “refuel” the world

Sanctions by the US and its Western allies have made the movements of Russian oil tankers "more mysterious" in the Atlantic. Over the past 10 days, at least three tankers have disappeared from maritime tracking…

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Iron ore prices in China are at 6-month low, steel and many metals fall

The price of 62% ore imported into North China on June 22 was 109 USD/ton, down 6% from the previous day, the lowest in more than 6 months. According to Fastmarkets MB, the price of…

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Market on June 23: Oil price down about 3%, gold up, iron ore at 16-week low

Closing the session on June 22, worries about economic recession caused oil prices to drop about 3%, gold rose, copper fell to a 15-month low, iron ore hit a 16-week low, rubber fell, and wheat…

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Will oil prices cool down before the risk of economic recession?

In less than 2 weeks, the price of oil has dropped by more than 15%. The oil market rally has continued through the end of last year until now, as the conflict between Russia and…

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China maximizes coal production, bans mines to close: Will the promise to pursue clean energy come true?

The Chinese government has asked coal mines to produce "as much as possible" to increase output as winter approaches and alleviate the ongoing energy crisis. The announcement by China's National Development and Reform Commission (NDRC)…

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The world coal market ended June 19: Coal prices in Europe increased

The European thermal coal index rose above $360/ton amid sharp increases in electricity and gas prices, due to a decrease in gas supplies from Russia and the United States. South African coal prices rose above…

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In the first 5 months of the year, the total import and export value of goods increased by 16%.

The General Department of Customs has just said that in the first 5 months of 2022, the total import-export value of Vietnam's goods reached US$306.14 billion, up 16%, equivalent to an increase of US$42.19 billion…

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‘Perfect storm’ in the world crude oil market

Two years ago, as the COVID-19 pandemic raged across global markets, oil and gas group BP wrote in its annual energy report that global oil demand had peaked at around 100 million barrels. /day in…

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China’s steel output continued to increase in May

Crude steel output that China achieved in May 2022 increased by more than 4.1% compared to the previous month as the social distancing measures to prevent the outbreak of the Covid-19 epidemic gradually eased and…

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Gas prices continue to increase by more than 7% in a day

Since June 8, when the gas station explosion in the US occurred, prices in the UK increased by 22% and in Europe by 10%. The fire in the US caused the station to be shut…

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MXV news on the morning of June 14: Commodity market is in the red

Ending yesterday on June 13, the selling force was completely overwhelming when up to 25 out of 31 commodities being traded internationally at the Vietnam Commodity Exchange (MXV) simultaneously closed in color. red. Along with…

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Iron ore prices on June 14, 2022: Iron ore and steel fell

Iron ore and steel prices in China fell on June 14, 2022, as a new Covid-19 outbreak in China raised concerns about falling demand in the world's top steel producer. The most-traded September iron ore…

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Information on petrol and oil price management on June 13, 2022

In this operating period, because the prices of petroleum products tend to increase, especially diesel and kerosene have increased sharply, although the BOG Fund is at a relatively low level, the Inter-Ministry of Industry and…

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Oil and gas smuggling at sea: Many subjects are ready to attack the authorities

The situation of petroleum smuggling in the Southwest Sea is having many complicated developments. The global fuel price fever is affecting people's lives in many countries, including Vietnam. Taking advantage of this situation, the Southwest…

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Prices of many types of steel and copper in China fell

Copper futures price on June 13 was 9,400 USD/ton, the lowest in nearly a month. According to Trading Economics, the price of copper futures on June 13 was 9,400 USD/ton, down 1.3% from the previous…

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What future for the resource-rich territories of Ukraine that Russia controls?

Kherson and Zaporozhye both played an important role in ensuring the safety of Crimea and carried many economic and political implications. For now, restoration in these territories takes precedence over political issues, including the possibility…

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Second review of the imposition of anti-dumping duty on aluminum imported from China

The Ministry of Industry and Trade has just issued a Decision on the second review of the application of anti-dumping measures on a number of aluminum products classified under HS codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10…

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4 reasons oil price can move to 150 USD/barrel

The last time the world saw oil prices climb to $150 a barrel was in 2008. Not long after, oil demand collapsed amid the world reeling in the historic financial crisis. The world is facing…

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TKV provides enough 15.3 million tons of coal for electricity production in 5 months

In the first 5 months of the year, TKV produced 18.7 million tons, up 9% over the same period in 2021 and reaching 49% of the 2022 plan. TKV has supplied enough coal for power…

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Cooling down gasoline prices, Ministry of Finance proposes to cut import tax by 8%

Since the beginning of the year until now, gasoline price has had 14 adjustment periods, of which 11 periods have increased and only 3 periods decreased and is currently at a record level of more…

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Market on June 7: Oil price closes to 120 USD/barrel, sugar peaks in 5.5 years, iron ore peaks in 10 months

Prices of many key raw materials hit record highs on Monday (June 6), with copper hitting a five-week high, sugar a five-and-a-half year high, and iron ore a 10-month high. Oil price is close to…

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Huge gas reserves that Europe can rely on

Argentina - home to the world's second-largest shale gas field, could be the key for Europe to solve its current gas supply problem. Forgotten gas depot As Europe struggles to find an alternative to Russian…

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World oil prices fall

Oil prices fell about 3 USD/barrel in the morning session on Thursday (June 2). Brent crude fell $2.76, or 2.4%, at $113.53 a barrel, up 0.6 percent on the previous day. U.S. crude (WTI) fell…

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The vibrant real estate market stimulates domestic wood consumption

VNDirect believes that large wood companies will benefit from the recovery of the real estate industry, the number of new apartments in Ho Chi Minh City and Hanoi has increased significantly. In the wood industry…

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Construction iron and steel prices today 2/6: Slightly increased, the price of steel bars reached 4,702 yuan/ton

Steel prices today increased to 4,702 yuan / ton on the Shanghai Exchange. In Shanghai, nearly all steel warehouses have reopened, allowing merchants and end consumers to pick up products or ship goods to the…

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OPEC’s steps are ‘troubled’ when the West embargoes on Russian oil

OPEC+ is expected to leave the current output agreement unchanged at its next meeting, but behind the scenes, the oil giants may be planning to be ready to respond if one day Russia's output is…

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In the past year, the price of crude oil has increased by 75%, natural gas has increased by 179%, but it is nothing compared to this ‘world’s dirtiest’ fuel.

Coal prices have increased by 237% since May 2021. Experts predict that the worldwide demand for coal may peak in 2022 while the selling price may reach 500 USD/ton. According to data from Trading Economic,…

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Europe’s gas hunt could create a new energy crisis, Asia is most disadvantaged

Europe's race to find an alternative to Russian natural gas is pushing the world to the brink of an energy crisis. Asian economies are likely to be hit the hardest. Since Russia invaded Ukraine, the…

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World oil prices rise due to concerns about tight supply

Oil prices continued to rise on Tuesday morning (May 31) after the EU agreed to cut oil imports from Russia by the end of 2022, stoking fears of a tighter market already strained on supplies.…

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India imports coal for first time in years as power shortage flares up

The world's largest coal mining company, run by the Government of India, will import fuel coal for use by power generation companies in the country. This is the information released by the Ministry of Electricity…

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Construction steel prices fell for the 3rd time in a row in May

In May, construction steel price has had 3 consecutive declines and is currently fluctuating from 17.3 to 18.6 million VND/ton, depending on brand and type. At the end of May, major steel brands simultaneously adjusted…

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Coal and gas prices soar, hydropower enterprises take the throne

The reopening of the economy helps to increase electricity consumption nationwide. At the same time, prices in the competitive electricity generation market (CGM prices) also increased. In a favorable context, electricity enterprises have had very…

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Construction iron and steel prices today 30/5: Maintaining the upward momentum in the first trading session of the week

Steel prices today increased to 4,612 yuan / ton on the Shanghai Exchange. After the price surge in the last financial year, steel exports from India are now seeing a marked decline at the moment.…

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Market on May 27: Oil prices hit a 2-month high, gold, copper, iron ore and rubber all fell

Closing the session on May 26, oil prices reached a 2-month high, soybeans a 3-month high, while iron ore was a 1-week low, sugar was a 2-week low, natural gas, gold, copper and rubber... simultaneously…

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Commodity market is in ‘perfect storm’

The commodity market is in a "perfect storm" when experiencing supply shocks, escalating prices, logistics problems... Benedikt Sobotka, CEO of Eurasian Resources Group, said on April 25 that because the world has had little investment…

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Mr. Nguyen Duc Tai: “Logistics in Vietnam are extremely inefficient, very bad”

"Whoever has the power to build a logistics company to the destination in Vietnam will surely win," said the Chairman of The Gioi Di Dong. Recently, Mobile World Investment Joint Stock Company held an investor…

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Vietnamese steel pipes are at risk of being investigated against trade remedies tax evasion in the US

Manufacturers and exporters of steel pipes in Vietnam are accused of importing raw steel from China and Korea, then processing and exporting them to the US. The Department of Trade Remedies (Ministry of Industry and…

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How Europe’s push for Russian gas cuts is impacting the steel market?

Unprecedented energy costs driven by Europe's push to reduce dependence on Russian gas are starting to weigh on the steel industry. China's blockade, overseas demand is low The fluctuating steel prices indicate a decline in…

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MXV news on the morning of May 24: Crude oil price ‘struggling’ to hold the mark of 110 USD/barrel

At the end of the trading session on May 23, the green color covered 4 groups of raw materials that are directly connected to the world at the Vietnam Commodity Exchange, helping the MXV-Index to…

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China quietly buys cheap Russian crude oil

According to traders, China benefits from cheap Russian oil as it faces shrinking profit margins in a slowing economy. The price of Russian crude oil is currently much lower than that of countries in the…

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Rebar futures price continues to go down, the lowest in 11 weeks

The price of rebar futures in China on May 23 was 4,796 yuan/ton ($716/ton), down 0.4% from the end of last week and the lowest level since February 28. Regarding spot prices, according to Sunsirs, last…

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Market on May 19: The prices of oil, copper, iron and steel, and coffee fell sharply

Commodity prices all dropped in the last session, in which oil lost 2.5%, coffee lost 4%; wheat, iron and steel… also fell due to the prospect of increased supply and a stronger dollar. Oil down…

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MXV News on the morning of May 18: Metal group cooled down, domestic steel price decreased by 800,000 VND/ton

The green color still dominates on the price list of 31 types of raw materials that are being directly linked to the world at the Vietnam Commodity Exchange, helping the MXV-Index to have the 3rd…

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Sales of construction steel dropped sharply in April

Construction steel sales in April reached 884,401 tons, down 39% compared to March and down 33.6% over the same period in 2021. Steel exports in April reached 174,637 tons, down sharply 44% month on month.…

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China’s crude steel output recovers

China's crude steel output in April increased by 5.1% from March as the government eased environmental regulations and disruptions such as those caused by COVID-19 also eased. However, compared to the same period last year,…

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Market on May 17: Prices of gold, oil, wheat, iron and steel all increased

The expectation that China will ease measures to combat the COVID-19 epidemic and the dollar and US Treasury bond yields fell, pushing the prices of oil, gold, base metals and agricultural products all up in…

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Iron ore prices on 11/5/2022: China iron ore lowest in nearly 2 months

China's iron ore prices fell as much as 7% to their lowest in nearly two months, on concerns about rising interest rates and sluggish domestic demand. The US Federal Reserve raised interest rates by half…

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