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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00

    Steel futures tumble 4% as China inventory piles up

    China steel futures retreated on Monday, with stainless steel dropping more than 4% in early trade on declining in seasonal demand and increasing reports of COVID-19 infections.

    Stainless steel for March delivery declined 3.3% to RMB14,185/tonne, while May delivery rebar on the Shanghai Futures Exchange dropped 1% to RMB4,427/tonne after opening down more than 4%.

    Stockpiles up 5%

    Mysteel consultancy data reports stockpiles of the industrial metal were up 5% from a week earlier; rebar inventories advanced 5%.

    103 new COVID-19 cases

    Mainland China reported the highest daily increase in COVID-19 cases in five months, with 103 new cases for Jan. 10.

    Iron ore prices fall

    Prices of most-traded iron ore futures on the Dalian Commodity Exchange posted a 1% decline to reach RMB1,053/tonne while coke slipped 3% to RMB2,870/tonne.

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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00