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Date:2012/02/17
The Chinese currency Renminbi, or the yuan, strengthened 40 basis points to 6.2951 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise o...
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Date:2012/02/15
According to the data released by China Customs recently, in January of this year, Chinese overall coke and semi-finished coke exports amounted to 70 thousand metric tons, decreasing by 0.12 million metric tons or 64% as compared to the corresponding...
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Date:2012/02/17
According to Xinhua-China iron ore price index recently, the domestic imported iron ore stockpiles in Chinese 25 main ports reached 99.97 million metric tons on February 13, dropping by 0.15 million metric tons compared to previous week. At the same ...
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Date:2012/02/15
Major Chinese steelmaker Baosteel Group has announced that it has delivered 4,500 mt of X65 submerged arc welded seamless line pipe and 43,000 mt of large diameter longitudinally welded line pipe to the Liwan 3-1 gas project in the South China Sea, t...
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Date:2012/02/16
After an initial burst post Lunar Holidays the iron ore market is reconciling to the inevitable lull. Sentiments in raw material market are concomitant of the movements in finished price. Steel mills opened buying for a brief period in anticipa...
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Date:2012/02/15
In 2011, the municipal government of Yingkou in China's Liaoning Province invested RMB 454.67 billion ($72.17 billion) in the launch of new construction projects, up 111.9 percent year on year . Of these projects, two were in the iron and ...
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Date:2012/02/16
In Western Liaoning following a rise of CNY 30 in resources tax announced by Jianping country on February 9th 2012 mainstream quotation for 66% fines rose by CNY 20 to CNY 30 to CNY 840 to CNY 860.Transaction remained weak as most mills stepped away ...
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Date:2012/02/15
It’s reported that Chinese Chongqing Steel announced to hike the list prices of hot rolled (HR) steel and heavy plates by RMB50/ton and RMB100/ton respectively for March.Meanwhile, the company kept the list prices of cold rolled (CR) steel unchanged ...
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Date:2012/02/16
Wuhan Steel Group in 2011 produces 35.61 million tonnes of iron, 37.68 million tonnes of steel and 37.45 million tonnes of steel products respectively increasing 3.31%, 3.12% and 3.99% from one year earlier.Estimation for sales revenue and profit are...
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Date:2012/02/14
China's foreign exchange market saw its transaction volume hit $14.2 trillion in 2011, up four times from 2006, the country's forex regulator said Monday.
From 2007 to 2011, forex transaction volumes soared by an annual average of 40...
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Date:2012/02/14
Shanghai is encouraging more foreign companies to set up microfinancing operations, the city's financial authority said on Monday, ahead of the opening of the first such organization in the municipality.
As many small companies have had difficu...
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Date:2012/02/14
Experts says that China will manage to weather adversity stemming from thwarted investments and exports to achieve a soft landing in its macroeconomy this year.
The country's economy is dotted with uncertainties in 2012, as its stern prop...
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Date:2012/02/10
China's economy is expected to expand by 8.5 percent in the first quarter of 2012, a government think tank said Thursday.
Squeezed by a deteriorating export environment and the government campaign to rein in the property market, the country...
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Date:2012/02/14
There are no reasons why China and the United States cannot engage in friendly cooperation, Vice-President Xi Jinping said.
Xi was speaking prior to his departure for the US on Monday.
In a written interview with the Washington Post, pub...
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Date:2012/02/10
China's steelmakers will see a rebound this year thanks to weakening iron ore prices and potential policy easing in the property sector, Helen Lau, senior analyst metals and mining at UOB Kay Hian in Hong Kong, told CNBC on Wednesday.
"We think ...
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Date:2012/02/08
China will launch its first composite index of nonferrous metals sometime this year, a move the industry hopes will reflect economic realities and help companies avoid risks, said a senior official on Tuesday.
The index will be calculated using data...
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Date:2012/02/14
Accordingly, the domestic social steel inventories in Chinese 26 main cities increased by 1.118 million metric tons vs prior week to 18.489 million metric tons last week, signifying that the domestic steel inventories have hiked for seven straight we...
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Date:2012/02/10
Scrap price fluctuates within a narrow range in Zhejiang Province recently. Main steel producers' purchase price of scrap (6-10mm) and scrap (4-6mm) stays at CNY 3350 per tonne and CNY 3300 per tonne. Steel mills which have replenished stockpile...
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Date:2012/02/08
The 14th China-EU leaders' meeting will be held on February 14 in Beijing, focusing on the current European debt crisis, bilateral ties and cooperation, Foreign Ministry spokesman Liu Weimin said on Tuesday.
Premier Wen Jiabao, European Council...
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Date:2012/02/14
Liaoning Province-based Chinese steelmaker Benxi Iron and Steel Co. (Benxi Steel) has announced that it plans to start construction of a high-strength steel plate production project in Qiaobei Steel Processing Industrial Zone in the district of Pings...