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Date:2012/05/11
China will maintain a prudent monetary policy in the months ahead, while timely and appropriately fine-tuning the policy, the People's Bank of China (PBOC), or the central bank, said Thursday.
The government will make its monetary policy more t...
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Date:2012/05/09
Chinese shares closed sharply lower Wednesday, with the benchmark Shanghai Composite Index down 40.3 points, or 1.65%, to 2,408.59.
The Shenzhen Component Index tumbled 2.19%, or 230.1 points, to close at 10,294.58.
Source: Xinhua
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Date:2012/05/11
Chinese stocks opened lower on Friday, with the benchmark Shanghai Composite Index down 0.17 percent to open at 2,406.07.
The Shenzhen Component Index opened at 10,261.55, down 0.16 percent.
China is due to release a string of economic data on Frida...
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Date:2012/05/09
The Chinese currency Renminbi, or the yuan, lost 61 basis points to 6.2865 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise ...
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Date:2012/05/09
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers have contributed a daily crude steel output of 1.6691 million tons in late April of this year, increasing by 52000 tons from middle April. Meanw...
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Date:2012/05/09
Chinese stocks opened lower on Wednesday, with the benchmark Shanghai Composite Index down 0.67% to open at 2,432.47.
The Shenzhen Component Index opened at 10,410.84, down 1.08%.
Source: Xinhua
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Date:2012/05/09
China’s first iron ore spot trading platform was officially launched on May 8th, 2012, with transaction of 165,000 tons after a few minutes opening last morning. Most of the steel producers and miners joined this platform to see trading cost down in ...
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Date:2012/05/06
Shagang Group, a Jiangsu Province base and largest private steel enterprise in China has completed the development of K55-Cr oil casing pipe 6.85mm~7.85mm x 1320mm/1120mm along with enhanced tensile strength and reduction in carbon containment and yi...
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Date:2012/05/09
Based on actual data released by China Iron and Steel Association (CISA), out of 28 Chinese steel mills, 10 of them experienced deficit in the Q1.The major Chinese steel mills contributed RMB863.888 billion in the first three months of this year, dow...
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Date:2012/05/06
It is reported that Chinese Masteel expected to begin maintenance schedule of its No.4 converter during May 7th through May 23rd this year and it would take 16 days to complete the maintenance schedule. The maintenance procedure includes to check and...
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Date:2012/05/08
Reportedly, Chinese Baosteel Stainless announced to cut the domestic prices of 304 and 430 grade stainless steel coils by RMB200~RMB400/ton respectively for May deliveries, affected by weak market prices in the domestic market.The company decided to ...
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Date:2012/05/03
The year 2015 will see two times more patent and international patent filings in strategic emerging industries in China than 2010, if the government's newly publicized aims are met.
According to a document posted Wednesday on the central govern...
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Date:2012/05/08
According to the Ministry of Commerce, China has set anti-dumping duties on some stainless steel tubes imported from European Union and Japan after it completed investigation in September on Chinese producers’ complaints.The ministry said the Chinese...
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Date:2012/05/03
According to the data released by China Customs, in March of this year, Chinese overall coke and semi-finished coke exports had amounted to 100 thousand metric tons and the average export price reached $469 per ton, jumping by $80 per ton from Februa...
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Date:2012/05/07
Chinese stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 0.42 percent to open at 2,441.76.
The Shenzhen Component Index opened at 10,512.69, down 0.58 percent.
Source: Xinhua
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Date:2012/05/03
Reportedly, Chinese Jilin Jien Nickel Industry announced its financial result for 2011. The company realized sales revenue of RMB2.79 billion in 2011, rising by 24.14% year on year; however, it posted a net loss of RMB17.03 million, slumping by 113.9...
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Date:2012/05/07
The Chinese currency Renminbi, or the yuan, lost 137 basis points to 6.2858 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall ...
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Date:2012/05/03
According to report, China’s Taigang Stainless reported a 59% down year-on-year for the net profit in the first quarter. The net profit was RMB 185 million. However, the revenue increased 5% to RMB 23 million.In fact, the company expected that its fi...
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Date:2012/05/07
According to the data released by MOFCOM, Chinese domestic steel price decreased by 0.3% in the week ended on April 29 from prior week. In detail, the price for round steel with specification of 45#16mm, high speed wire rod with diameter of 6.5 mm an...
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Date:2012/05/02
The Chinese government on Monday called for more attention to increasing imports while stabilizing exports in order to promote more balanced and sustainable growth in foreign trade.
In a clear signal to encourage imports, the State Council, China�...