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Shanghai futures exchange records loss

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị29/07/2024


Most steel futures on the Shanghai Futures Exchange posted losses.
Most steel futures on the Shanghai Futures Exchange posted losses.
Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 rolled steel line at 13,840 VND/kg; D10 CB300 ribbed steel bar is priced at 14,240 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,940 VND/kg; D10 CB300 ribbed steel bar is priced at 14,140 VND/kg.

Viet Duc Steel, with CB240 coil steel line stopping at 13,840 VND/kg, D10 CB300 ribbed steel bar priced at 14,290 VND/kg.

Viet Sing Steel, with CB240 coil steel priced at 13,700 VND/kg; D10 CB300 ribbed steel bar priced at 14,010 VND/kg.

VAS steel, with CB240 coil steel line at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel down to 13,890 VND/kg; D10 CB300 ribbed steel bar priced at 14,240 VND/kg.

Viet Duc Steel, currently CB240 coil steel is at 14,240 VND/kg; D10 CB300 ribbed steel is priced at 14,700 VND/kg.

VAS Steel currently sells CB240 coil steel at 14,110 VND/kg; D10 CB300 ribbed steel is priced at 14,160 VND/kg.

Pomina steel, with CB240 coil steel line at 14,690 VND/kg; D10 CB300 ribbed steel bar is priced at 15,300 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel is at 13,840 VND/kg; D10 CB300 ribbed steel is priced at 14,240 VND/kg.

VAS steel, CB240 coil steel line is at 13,800 VND/kg; D10 CB300 ribbed steel bar is priced at 13,910 VND/kg.

Pomina steel, CB240 coil steel line is at 14,590 VND/kg; D10 CB300 ribbed steel bar is priced at 14,990 VND/kg.

Steel prices on the exchange

Rebar on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 16 yuan to 3,496 yuan/t.

Dalian iron ore futures pared earlier losses, boosted by better-than-expected industrial data and hopes of stimulus measures from top consumer China this week, although adverse weather conditions capped gains.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.06% to 780.5 yuan ($107.59) a tonne.

However, the benchmark August iron ore price SZZFQ4 on the Singapore Exchange fell 0.26% to $101.9/t.

China's industrial profits grew at a faster pace in June, official data showed, even as businesses grappled with a downturn in consumer sentiment amid an uncertain economic recovery.

The strong data contrasted with a slowing economy that missed forecasts in the second quarter as consumer spending was pessimistic amid a tough job market and a prolonged housing downturn.

Analysts expect the Chinese government to roll out another round of asset-backed policy measures after a Politburo meeting scheduled for this week.

China's state planning agency said it has released 500 million yuan ($69 million) from the central budget to support recovery in five provinces after the typhoon and heavy rain.

Most steel futures on the Shanghai Futures Exchange posted losses. Rebar SRBcv1 fell nearly 0.4%, hot-rolled coil SHHCcv1 fell nearly 1.2%, rebar SWRcv1 fell about 0.7%, while stainless steel SHSScv1 rose about 0.7%.

Other steelmaking raw materials on DCE all decreased, of which coking coal DJMcv1 and coking coal DCJcv1 decreased by 0.67% and 0.89% respectively.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-30-7-san-giao-dich-tuong-lai-thuong-hai-ghi-nhan-muc-lo.html

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