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    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 09/21
84.12 BRL   +0.97%
09/21VALE S A : announces changes in its Executive Committee
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09/21VALE S A : picks new executive vice president for business, brings in AES CFO
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09/21VALE S A : HSBC Downgrades Vale to Hold from Buy
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dalian coking coal futures rise to over 2-month high as supply remains tight

07/20/2021 | 12:01am EDT

BEIJING, July 20 (Reuters) - Futures for steelmaking ingredients on China's Dalian Commodity Exchange rose on Tuesday, with coking coal jumping more than 2% amid supply shortages.

The most-traded coking coal futures on the Dalian bourse for September delivery rose as much as 2.2% to 2,079 yuan ($320.69) per tonne, the highest since May 13. They were up 2.1% as of 0330 GMT.

Coke futures advanced 1.3% to 2,702 yuan per tonne.

"Capacity utilisation rates of coking firms are rising, but haven't recovered to the level before the output controls and are lower than the same period in previous years," analysts with SinoSteel Futures wrote in a note.

China's coke output in June fell 3.2% to 38.91 million tonnes compared with the same month in 2020, data from the statistics bureau showed.

Benchmark iron ore futures on the Dalian exchange inched up 0.6% at 1,237 yuan per tonne.

"Despite the current supply tightness in iron ore, particularly from Australia, we calculate prices are still fundamentally over-valued compared with the highest cost marginal producer on the cost curve," said Atilla Widnell, managing director at Navigate Commodities in Singapore.

Spot prices of iron ore with 62% iron content for delivery to China <SH-CCN-IRNOR62> dipped 50 cents to $222.5 per tonne on Monday, according to SteelHome consultancy.

FUNDAMENTALS

* Steel rebar on the Shanghai Futures Exchange for October delivery slipped 0.4% to 5,591 yuan per tonne.

* Hot rolled coils futures fell 0.7% to 5,959 yuan a tonne.

* Shanghai stainless steel futures for August delivery dropped 1.9% to 18,445 yuan per tonne.

* BHP Group Ltd on Tuesday reported full-year iron ore production near the top end of its forecast range, but a 4% drop in its fourth-quarter output.

* Brazilian miner Vale SA said it had produced 75.87 million tonnes of iron ore in the second quarter, up 1.3% from the previous quarter.

($1 = 6.4828 Chinese yuan renminbi) (Reporting by Min Zhang and Shivani Singh; editing by Vinay Dwivedi)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 0.59% 37.75 End-of-day quote.-11.03%
MSCI SINGAPORE (GDTR) -1.00% 6527.826 Real-time Quote.12.58%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.14% 6.47219 Delayed Quote.-0.21%
VALE S.A. 0.97% 84.12 End-of-day quote.-3.81%
All news about VALE S.A.
09/21VALE S A : announces changes in its Executive Committee
PU
09/21VALE S A : picks new executive vice president for business, brings in AES CFO
RE
09/21VALE S A : HSBC Downgrades Vale to Hold from Buy
MT
09/20VALE S A : partners with Komatsu on the largest mechanical excavation trial of its kind at..
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09/17VALE S A : Contribute to Vale's 2021 materiality survey
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09/17VALE S A : UBS Downgrades Vale S.A to Sell from Buy, Adjusts Price Target to $15 From $22
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09/17VALE S A : EXCERPT OF THE MINUTES OF THE ORDINARY BOARD OF DIRECTORS MEETING (Form 6-K)
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09/17VALE S A : announces shareholders remuneration and cancellation of treasury shares (Form 6..
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09/17Vale S.A Approves Distribution of Dividends for the First Half of 2021
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09/16VALE S A : Excerpt of the Minutes of the Ordinary Board of Directors Meeting
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More news
Analyst Recommendations on VALE S.A.
More recommendations
Financials (USD)
Sales 2021 61 044 M - -
Net income 2021 26 687 M - -
Net cash 2021 4 749 M - -
P/E ratio 2021 2,62x
Yield 2021 14,4%
Capitalization 80 414 M 79 852 M -
EV / Sales 2021 1,24x
EV / Sales 2022 1,33x
Nbr of Employees 74 316
Free-Float 89,3%
Chart VALE S.A.
Duration : Period :
Vale S.A. Technical Analysis Chart | VALE3 | BRVALEACNOR0 | MarketScreener
Technical analysis trends VALE S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 15,96 $
Average target price 24,56 $
Spread / Average Target 53,9%
EPS Revisions
Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
JosÚ MaurÝcio Pereira Coelho President & Director
Luciano Siani Pires Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VALE S.A.-3.81%79 852
FORTESCUE METALS GROUP LIMITED-37.05%32 832
KUMBA IRON ORE LIMITED-15.90%11 413
NMDC LIMITED20.72%5 413
FERREXPO PLC14.44%2 520
HBIS RESOURCES CO., LTD.-24.27%1 903