COMMODITIES
China steel prices rebound on hope of rising demand amid efforts to ensure home delivery
China’s steel prices are rebounding recently after sharp declines in previous months, on expectation of rising demand amid the government’s calls for efforts to ensure property delivery in response to a widespread mortgage boycott crisis.
Russia remained China’s top oil supplier in June, shipments rose 10% on year
Russia remained China’s top oil supplier for a second straight month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia.