News

China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic

China’s trade boomed in September, with imports rising 13.2% year-on-year, easily beating expectations for an increase of 0.3%, while exports rose 9.9% year-on-year. Medical supplies, including personal protective equipment, and electronics fuelled the rise in exports. China’s trade surplus with the US fell to 30.75 billion in September down from […]
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
Markets

Iron ore prices rebound following a string of heavy losses

Iron ore prices rebounded on Tuesday, snapping the longest losing streak seen in months. Chinese steel futures reversed early losses to close higher, likely helping to support sentiment. The Caixin-IHS Markit China Services PMI for May will be released on Wednesday. Iron ore markets rebounded on Tuesday, helped by strength […]
Iron ore prices rebound following a string of heavy losses
Markets

Iron ore tumbles below $100 as Chinese steel futures slide

Iron ore prices fell heavily across the board on Monday, extending losses seen over the past week. The benchmark price is now back below the $100 a tonne level for the first time since May 16. Chinese steel futures fell heavily again on Monday. This was cited as one factor […]
Iron ore tumbles below $100 as Chinese steel futures slide
Markets

Chinese manufacturers haven’t been this pessimistic since at least 2012

Activity levels at Chinese manufacturing firms continued to improve last month, bucking economist expectations for weakness. New orders from both home and abroad increased, despite an escalation in trade tensions with the United States. Despite firmer demand, confidence slipped to the lowest level since at least April 2012. Activity levels […]
Chinese manufacturers haven’t been this pessimistic since at least 2012
Markets

China’s manufacturing sector is under pressure as new export orders tank

Conditions for China’s manufacturing sector are getting worse again. The official manufacturing PMI fell to 49.4 points in May, below the 49.9 level expected by economists. It was the first time in three months that activity levels went backwards. New export orders placed at manufacturers and non-manufacturers both fell at […]
China’s manufacturing sector is under pressure as new export orders tank
Markets

Iron ore prices tumble across the board

Iron ore prices tumbled across the board on Thursday. Dalian iron ore futures continue to slide following a fee hike announced late Tuesday. Volumes were more than 30% lower On Thursday than the session earlier. China will release its official manufacturing and non-manufacturing PMI report for May on Friday. ANZ […]
Iron ore prices tumble across the board
Markets

Iron ore suffers its largest fall in months

Higher iron ore grades fell heavily on Tuesday, pulling back from multi-year highs set a session earlier. In contrast, lower grades continued to rally, surging to fresh five-year highs. Chinese iron ore futures have reversed hard over the past 24 hours, having surged to record highs to start the week. […]
Iron ore suffers its largest fall in months