SJC gold fluctuates around 67.3 million VND; Pig price remains stable across the board

* Gold price March 26: SJC gold fluctuates around 67.3 million VND

Gold price today March 26, domestic gold price fluctuated, with JSC gold price decreasing slightly, currently at 67.30 million VND/tael (selling).

Meanwhile, world gold turned down, closing the trading session at 1978 USD.

At the time of survey at 5:00 a.m. on March 26, on the trading floor of Saigon Jewelry Company SJC, SJC gold was 66.60 million VND/tael for buying and 67.30 million VND/tael for selling.

DOJI listed 9999 gold at 66.50 million VND/tael for buying and 67.25 million VND/tael for selling. Photo: Viet Phuong

At Phu Quy Jewelry Company, at the time of survey, the listed price of SJC gold was at 66.60 - 67.30 million VND/tael (buy - sell).

DOJI listed the price of 9999 gold at 66.50 million VND/tael for buying and 67.25 million VND/tael for selling.

Vietinbank Gold price is listed at 66.65 million VND/tael for buying and 67.37 million VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 66.68 - 67.29 million VND/tael (buy - sell). The price of 24K Rong Thang Long gold of Bao Tin Minh Chau is listed at 54.22 - 55.22 million VND/tael in two directions.

* Pig price on March 26: Fluctuates between 48,000 - 52,000 VND/kg

In the Northern region, the price of live pigs today remained stable across the board and fluctuated between 48,000 - 50,000 VND/kg. Accordingly, the lowest price in the region of 48,000 VND/kg was recorded in a series of localities including Yen Bai, Lao Cai, Nam Dinh, Ha Nam, Ninh Binh. On the contrary, the highest price in the region of 50,000 VND/kg was purchased by traders in localities including Hung Yen, Thai Nguyen, Phu Tho, Thai Binh, Hanoi, Tuyen Quang. Localities including Bac Giang and Vinh Phuc also recorded the price of live pigs at 49,000 VND/kg.

Similarly, in the Central Highlands region, the price of live pigs today did not record any new fluctuations and fluctuated between 48,000 - 51,000 VND/kg. Of which, the highest price in the region of 51,000 VND/kg was recorded in the two provinces of Lam Dong and Binh Thuan. On the contrary, traders in localities including Thanh Hoa, Nghe An, Ha Tinh and Quang Ngai maintained purchasing live pigs at 48,000 VND/kg, the lowest in the region. Other localities in the region recorded live pig prices in the range of 49,000 - 50,000 VND/kg.

In the Southern region, the price of live pigs today is quiet and fluctuates between 49,000 - 52,000 VND/kg. In particular, Vung Tau and Ca Mau both recorded a common price of live pigs at 52,000 VND/kg, the highest in the region. Lower by one price, in Dong Nai, An Giang, Can Tho, Kien Giang, Hau Giang Bac Lieu, Ben Tre, the price of live pigs was recorded at 51,000 VND/kg. In other localities in the region, traders maintained the purchase of live pigs at around 49,000 - 50,000 VND/kg.

Overall, the price of live pigs fluctuated slightly last week. The average price of live pigs in the regions is still around 50,000 VND/kg. Specifically, on March 26, the average price of live pigs in the Northern region stood at 49,760 VND/kg; in the Central Highlands region at 49,350 VND/kg; in the Southern region at 51,100 VND/kg.

* Steel price 3/26: Steel exports to Türkiye increased dramatically 50 times

Steel prices today, March 26, recorded a slight increase in steel prices on the trading floor. Steel exports to Türkiye increased dramatically by 50 times compared to the same period last year.

Today's steel futures price for October 2023 delivery on the Shanghai Futures Exchange increased by 2 yuan to 4,040 yuan/ton. Meanwhile, steel futures price for January 2024 delivery decreased by 2 yuan to 3,956 yuan/ton.

Steel prices today, March 26, recorded a slight increase in steel prices on the trading floor. Photo: Viet Phuong

According to data from the General Department of Customs, in February 2023, iron and steel exports reached 796 thousand tons, worth 602 million USD, up 18.5% in volume and a sharp increase of 31.8% in value compared to the previous month.

In the first two months of 2023, the country exported 1.43 million tons of iron and steel of all kinds with a value of 1.03 billion USD, up 8.1% in volume but down 25.7% in value compared to the same period last year.

The export volume of iron and steel of all kinds in the first 2 months of 2023 was mainly to the following markets: ASEAN with 539,000 tons, down 4%. The US with 91,000 tons, down 47%, to the Korean market reached 48.9 thousand tons, down 46% compared to the same period in 2022.

A positive sign for this industry in Vietnam is that exports to some countries are increasing dramatically. Specifically, exports to the EU reached 315,000 tons, up 40%. Exports to India reached 133,000 tons, 3 times higher than 4.5 thousand tons in 2022.

* Pepper price: Market recovers, pepper price will increase to 80,000 VND/kg

Pepper prices in the domestic market have not fluctuated. Currently, domestic pepper prices fluctuate around 64,000 - 66,500 VND/kg.

Specifically, today's pepper price in Gia Lai is being purchased by traders at 64,000 VND/kg. In Dak Lak and Dak Nong provinces, today's pepper price is being purchased at 65,000 VND/kg.

In the Southeast, pepper prices continue to trend sideways. Currently, pepper prices in Ba Ria Vung Tau are being purchased by traders at 66,500 VND/kg. In Binh Phuoc and Dong Nai, pepper prices are being purchased at 65,500 VND/kg. Thus, pepper prices today remain stable in the provinces compared to the same time yesterday.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 3,500 USD/ton; the price of Brazilian black pepper ASTA 570 at 2,950 USD/ton; the price of Kuching black pepper (Malaysia) ASTA remained at 4,900 USD/ton. The price of Muntok white pepper was 6,027 USD/ton; the price of Malaysian white pepper ASTA remained at 7,300 USD/ton.

Vietnam black pepper price is trading at 3,325 USD/ton for 500g/l, 3,375 USD/ton for 550g/l; white pepper price is at 4,880 USD/ton. World pepper price is also in a stable phase.

According to experts, the domestic and world markets are in a fairly stable phase, as Vietnam is entering the final stages of this year's harvest. The current price is the bottom of the cycle. The market will maintain a raw material price of VND62,000 - 67,000/kg in the first and second quarters of this year. It will then gradually increase to VND75,000 - 80,000/kg by the end of the year.