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.
China’s cement inventory declined after climbing for 13 consecutive weeks amid signs of recovery in real estate, infrastructure
China’s cement inventories declined significantly in the last week of July after climbing for 13 consecutive weeks amid recovery in real estate activities and step-up …
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.
China set up mineral resources giant, eyeing bigger say in iron ore pricing
A giant mineral resources group was set up in Xiongan New Area, North China’s Hebei province on Tuesday, in a long-awaited move that is expected …
Chinese steelmakers see first-half profits weaken sharply amid rising costs, falling steel prices
Chinese steelmakers reported sharply worsened earnings for the first half of the year amid rising production costs, sluggish demand and falling steel prices. Angang Steel Company …
China’s crude oil futures surged over 7%, fuel oil jumped 10.8%
China’s most-traded crude oil futures contract on the Shanghai International Energy Exchange, for August delivery, surges 7.1% to close at hit 683 yuan per barrel.
China calls for efforts to ensure corn, rice production as major agricultural province Jilin hit by Covid-19 outbreaks
China’s local governments should make joint efforts to ensure the planting area and output of corn this year stable at 2021-level, consolidate the rising momentum …