World gold unexpectedly drops slightly; Domestic steel prices wait for price increase after Lunar New Year
(Baonghean.vn) - Today's market information: USD reversed to increase slightly; World gold unexpectedly decreased slightly; Domestic steel price waiting to increase after Lunar New Year; Gas price increased slightly by less than 1%...
USD reversed to increase slightly
USD exchange rate today February 13, domestic USD continues to stand still during Lunar New Year holiday, world USD reverses and increases slightly waiting for new data.
The central VND/USD exchange rate announced by the State Bank is adjusted to 23,956 VND/USD, down 8 VND compared to the trading session on February 7.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,103 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,103 VND/USD.
The bank USD exchange rate and foreign exchange rate this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,200 and a selling price of 24,570, an increase of 40 VND compared to the trading session on February 7. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
In the world market, the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.12 points - up 0.01% compared to the transaction on February 12.
World gold unexpectedly decreased slightly
Today, domestic gold is listed at a high level during the Lunar New Year holiday, while world gold slightly decreased before inflation data.
At the time of survey at 5:00 a.m. on February 13, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 76.55 million VND/tael for buying and 78.85 million VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 76.75 - 78.90 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.75 - 79.70 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,020.150 USD/ounce, down 4.21 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 58.737 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 17.963 million VND/tael higher than the international gold price.
Domestic steel prices expected to increase after Lunar New Year
Today, the price of steel for delivery in May 2024 on the Shanghai Stock Exchange increased by 17 yuan, the domestic steel market is anxiously waiting for an increase after Tet.
The domestic steel market continues to remain stable, due to the fact that there are very few transactions taking place during the Lunar New Year holiday. A survey at SteelOnline.vn shows that the price of CB240 steel and the price of D10 CB300 steel remain stable.
However, many traders believe that construction steel prices will likely resume their upward trend after the Lunar New Year holiday. Meanwhile, manufacturers continue to be cautious in their market assessments, and the adjustment of finished steel prices will closely follow the price movements of input materials such as steel billets and scrap steel.
Pricegas up slightly under 1%
Today, February 13, 2024, in the early morning (Vietnam time), gas prices increased by 0.11% to 1.75 USD/mmBTU for natural gas contracts for delivery in March 2024.
Spot liquefied natural gas (LNG) prices in Asia fell, remaining below $10 per mmBTU for the fourth consecutive week, with recovery prospects limited due to sluggish demand and high inventories.
In Europe, benchmark Dutch gas prices fell to a two-week low as weather forecasts turned milder and gas flows in Norway recovered after outages that restricted supplies earlier this week.
In the US, natural gas prices fell to a three-year low this week as rising production and mild winter weather reduced demand.
In the domestic market, domestic retail gas prices have increased since February 1 following the increase in world gas prices, each 12kg gas cylinder has increased by about 5,000 VND/kg.