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Macro Roundup (Jan 31)

[2019-01-31 10:46:08]

Macro Roundup (Jan 31) SHANGHAI, Jan 31 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today. Last night LME base metals traded higher across the board on Wednesday. Nickel jumped 1.7%, zinc and copper surged 1.2%, aluminium rose 0.4%, lead and tin gained 0.3%... Read More

US-China trade surplus hit record high in 2018

[2019-01-15 08:44:29]

SHANGHAI, Jan 14 (SMM) – Despite a Beijing-Washington trade dispute last year, China's trade surplus with the US rose 17% on the year to $323.32 billion in 2018, according to data by the State Council on Monday January 14. This exceeded a surplus of $275.8 billion in 2017, the highest level on ... Read More

SMM Morning Comments (Dec 14)

[2018-12-14 14:55:55]

SHANGHAI, Dec 14 (SMM) – Copper: LME copper pared earlier gains to close at $6,153/mt on Thursday. The SHFE 1902 contract came off from a high of 49,440 yuan/mt overnight, ending at 49,260 yuan/mt. As the US dollar strengthened, copper prices are expected to remain rangebound at lows today. LME ... Read More

SMM Morning Comments (Dec 6)

[2018-12-06 16:46:17]

SHANGHAI, Dec 6 (SMM) – Copper: LME copper rebounded to close at $6,193.5/mt overnight as shorts cut their bets after the contract fell to a low of $6,158.5/mt. LME copper snapped a four-day losing streak and came under pressure at the five- and 10-day moving averages. With a lower open, the SHFE ... Read More

Short supplies, weak consumption widen price spreads between high, lower-quality copper

[2018-12-06 16:00:21]

SHANGHAI, Dec 6 (SMM) – The spread between high-quality copper and hydro-copper, a kind of copper with more impurities, widened to the highest in close to two years on Tuesday December 4 as tight supplies bolstered high-quality copper premiums and a rush to cash in among sellers expanded hydro... Read More

With World Cup title, France could launch a dynast

[2018-07-11 08:49:58]

ST. PETERSBURG, Russia — It's good the French make lots of Champagne, because with the trophy-winning potential of its team that will play in the World Cup final on Sunday, they could be bathing in the stuff for years to come. Like Spain's team that won everything — two European Championships and ... Read More

China 's Steel Industry in the Direction of Transformation: Go Fine Steel Road

[2017-07-28 09:29:32]

Author: former deputy director of National Development and Reform Commission, Zhang Guobao, former director of the National Energy Board Following the Shougang, Guangzhou Iron and Steel Plant, Hangzhou Iron and Steel Plant after the closure of the Jinan Iron and Steel Plant by 60 Spring and Autumn ... Read More

china latest news about The State-owned Enterprises Have Diminished Production Capacity of 5.95 million Tons of Steel in The First Half of the Year

The State-owned Enterprises Have Diminished Production Capacity of 5.95 million Tons of Steel in The First Half of the Year

[2017-07-28 09:28:54]

China's central enterprises achieved net profit of 535.62 billion yuan in the first half of the year, an increase of 18.6% over the same period last year. The profitability of the Chinese enterprises in the first half of the year has maintained double-digit growth. Among them, the profit in January ... Read More

Baowu Steel Group Debt Has Been Landed

[2017-07-28 09:27:54]

July 11, SASAC chief accountant Shen Ying in the new office conference, said the SASAC in the first half to promote the central enterprises to debt-to-equity swap, there are 12 central enterprises and banks signed a debt-equity swap agreement, which China Steel Group , Bao Wu Group and other debt-to... Read More

Northeast Special Steel Group Submitted A Draft Bankruptcy Reorganization Plan

[2017-07-28 09:22:40]

The latest developments in the bankruptcy and reorganization of the Northeast Special Steel Group. Reporters from the Northeast Special Steel Group bankruptcy reorganization manager was informed that the Northeast Special Steel Group and its managers on the 10th to Dalian Intermediate People's Court ... Read More

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