Domestic steel prices drop sharply; live pig price records lowest level of 51,000 VND/kg

SJC gold is likely to continue to decrease.

Gold price today April 30, domestic gold price is stable, with JSC gold price currently at 67.20 million VND/tael (selling). Meanwhile, world gold price increased slightly, reaching 1989 USD.

At the time of survey at 5:00 a.m. on April 29, on the trading floor of Saigon Jewelry Company SJC, SJC gold was 66.60 million VND/tael for buying and 67.20 million VND/tael for selling.

At Phu Quy Jewelry Company, at the time of survey, the listed price of SJC gold was at 66.50 - 67.10 million VND/tael (buy - sell).

SJC gold is likely to continue to decrease.

DOJI listed the price of 9999 gold at 66.55 million VND/tael for buying and 67.15 million VND/tael for selling.

Vietinbank Gold price is listed at 66.45 million VND/tael for buying and 67.07 million VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 66.55 - 67.08 million VND/tael (buy - sell). The price of 24K Rong Thang Long gold of Bao Tin Minh Chau is listed at 55.89 - 56.79 million VND/tael.

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 1,989.535 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 56.41 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 10.79 million VND/tael higher than the international gold price. Meanwhile, the US gold futures price is stable at 1,999.20 USD.

Domestic steel prices fell the most by 450,000 VND/ton

Steel prices today, April 30, recorded many brands announcing further reductions in construction steel prices from 50 VND/kg - 450 VND/kg. This is the 4th consecutive reduction since April 8.

Currently, the price of construction steel is around 14,720 VND/kg - 15,660 VND/kg (depending on the brand and type of steel).

Domestic steel prices continued to decrease for the fourth session from April 8. The deepest decrease was 450,000 VND/ton.

Previously, the Vietnam Steel Association (VSA) also predicted that domestic steel prices would continue to decrease.

Regarding the reason for the decrease in steel prices, the Vietnam Steel Association (VSA) said that it was due to the decline in global steel demand, especially in the US, EU and China, where there were no signs of inflation control, while domestic steel consumption demand fell sharply, forcing manufacturing enterprises to lower selling prices to quickly increase inventories.

Besides, prices of input materials for steel production are also on a downward trend.

According to VSA, most of the production activities of enterprises have encountered difficulties recently, the current balance of supply and demand in the steel industry has not really changed much. The difficult situation of the market may continue until the end of the year.

Pig price today April 30: Recorded lowest level of 51,000 VND/kg

In the Northern region, the price of live pigs today did not record any fluctuations compared to the previous day and fluctuated between 51,000 - 54,000 VND/kg. In particular, the highest price in the region of 54,000 VND/kg was recorded in Hung Yen. On the contrary, the lowest price in the region of 51,000 VND/kg was recorded in the provinces of Yen Bai, Lao Cai and Tuyen Quang. The remaining provinces maintained stable transactions in the range of 52,000 - 53,000 VND/kg.

Today's live pig price recorded the lowest level of 51,000 VND/kg.

In the Central Highlands region, the price of live pigs today is quiet and fluctuates between 51,000 - 54,000 VND/kg. Accordingly, the highest price in the region of 54,000 VND/kg was recorded in Lam Dong and Binh Dinh provinces. The lowest price in the region of 51,000 VND/kg was recorded in Quang Binh. Except for Quang Nam and Quang Ngai, which both have a price of 53,000 VND/kg, live pigs in the remaining localities in the region are all at 52,000 VND/kg.

In the Southern region, the price of live pigs today is flat across the board and fluctuates between 51,000 - 54,000 VND/kg. In particular, the lowest price in the region of 51,000 VND/kg was recorded in Ho Chi Minh City. On the contrary, the highest price in the region of 54,000 VND/kg was recorded in Vung Tau.

In general, over the past week, the price of live pigs has fluctuated in a downward direction. The average price of live pigs in the regions is still above 50,000 VND/kg. In particular, on April 30, in the Northern region, the average price of live pigs was 52,760 VND/kg; in the Central Highlands region, the average price of live pigs was 52,140 VND/kg; and in the Southern region, the average price of live pigs was 53,100 VND/kg.VND/kg

Domestic coffee prices fluctuate little.

Domestic coffee prices today, April 30, in some places in the Central Highlands provinces increased by 100 VND/kg.

Specifically, the price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province increased by 100 VND/kg, currently in districts such as Bao Loc, Di Linh, Lam Ha, it is purchased at a price of 50,800 - 50,900 VND/kg.

Coffee prices in Gia Lai and Kon Tum provinces remained stable at VND51,400/kg.

In Dak Nong province, coffee was purchased at 51,500 VND/kg, an increase of 100 VND/kg.

Robusta coffee prices increased due to concerns about supply shortage, while demand for cheap coffee is increasing.

Coffee prices in Dak Lak province today are stable, in Cu M'gar district the coffee price is currently at 51,400 VND/kg. In Ea H'leo district and Buon Ho town, the price is the same at 51,500 VND/kg.

For world coffee prices, coffee prices on the two floors adjusted in opposite directions.

Specifically, at the end of the latest trading session, Robusta coffee prices on the London floor adjusted up. The July spot futures increased by 4 USD to 2,409 USD/ton and the September futures increased by 3 USD to 2,386 USD/ton, both slight increases. Trading volume was quite low below average.

In contrast, Arabica coffee prices on the New York floor continued to decline. The July spot futures fell another 2.25 cents to 185.95 cents/lb and the September futures fell another 2.20 cents to 183.20 cents/lb, both very significant declines. Trading volume was average.