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Giving up the upward momentum, the stock market is falling again.

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị23/08/2024


Most steel benchmarks on the Shanghai Futures Exchange gave up gains and ended up in losses.
Most steel benchmarks on the Shanghai Futures Exchange gave up gains and ended up in losses.
Steel prices in Northern Vietnam

According to SteelOnline.vn, Hoa Phat steel brand offers CB240 steel coils at 13,640 VND/kg; and D10 CB300 ribbed steel bars at 13,840 VND/kg.

Viet Y Steel brand offers CB240 steel coils at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 13,740 VND/kg.

Viet Duc Steel, with its CB240 coiled steel at 13,580 VND/kg, and D10 CB300 ribbed steel bars at 13,890 VND/kg.

Viet Sing Steel offers CB240 steel coils at 13,700 VND/kg and D10 CB300 ribbed steel bars at 14,010 VND/kg.

VAS steel, with CB240 coiled steel at 13,600 VND/kg; D10 CB300 ribbed steel bar at 13,750 VND/kg.

Steel prices in Central Vietnam

Hoa Phat Steel, with its CB240 coiled steel at 13,640 VND/kg; and D10 CB300 ribbed steel at 13,840 VND/kg.

Viet Duc Steel currently offers CB240 steel coils at 13,990 VND/kg and D10 CB300 ribbed steel bars at 14,290 VND/kg.

Currently, VAS Steel offers CB240 steel coils at 14,010 VND/kg and D10 CB300 ribbed steel bars at 13,960 VND/kg.

Pomina Steel, with its CB240 coiled steel at 14,280 VND/kg; and D10 CB300 ribbed steel bars at 14,480 VND/kg.

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Steel prices in Southern Vietnam

Hoa Phat Steel: CB240 steel coils are priced at 13,640 VND/kg; D10 CB300 ribbed steel bars are priced at 13,840 VND/kg.

VAS steel, CB240 coiled steel, is priced at 13,600 VND/kg; D10 CB300 ribbed steel bar is priced at 13,700 VND/kg.

Pomina steel, CB240 coiled steel is priced at 14,080 VND/kg; D10 CB300 ribbed steel bar is priced at 14,380 VND/kg.

Steel prices on the exchange.

Rebar futures on the Shanghai Futures Exchange (SHFE) for May 2025 delivery fell 33 yuan to 3,289 yuan per ton.

Iron ore futures prices in Dalian continued to rise, supported by China's top consumer and its real estate sector, along with increasing profit margins among steel producers, although caution from remaining fragile fundamentals limited the gains.

The most actively traded January iron ore contract on China's Dalian Commodity Exchange (DCE), DCIOcv1, rose 0.41% to 730 yuan ($102.33) per ton, after surging to a high of 747 yuan per ton earlier in the session.

This contract is poised for a fourth consecutive session and has already risen more than 4% on Wednesday.

However, the September benchmark iron ore contract SZZFU4 on the Singapore exchange pared earlier gains and fell 1.12% to $97.2 per ton amid a stronger US dollar.

Prices touched a daily high of $99.9/tonne early in the session.

Commercial banks have approved 5,392 real estate projects under a "whitelist" program aimed at injecting liquidity into China's crisis-stricken sector, with a total financing amount of nearly 1.4 trillion yuan.

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Analysts said that boosted market sentiment, along with improved profits among steel producers.

However, some analysts remain cautious about the sustainability of the price recovery.

Jiang Mengtian, an analyst at Shanghai-based consulting firm Horizon Insights, said: "Seeing an upward correction after a series of sharp and consistent declines is normal. But this doesn't necessarily mean the conflict surrounding the fundamentals of the iron market has been resolved. Without a clear improvement in demand, prices are likely to hit new lows by the end of the year."

Other steelmaking components on the DCE showed mixed performance, with DJMcv1 coking coal down 0.78% while DCJcv1 coking coal rose slightly by 0.24%.

Most steel benchmarks on the Shanghai Futures Exchange gave up gains and ended in losses. Rebar SRBcv1 fell 0.69%, hot-rolled coil SHHCcv1 fell 0.55%, while bar SWRcv1 fell 1.64% and stainless steel SHHSScv1 fell 0.36%.



Source: https://kinhtedothi.vn/gia-thep-hom-nay-23-8-tu-bo-da-tang-giam-tro-lai-tren-san-giao-dich.html

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