SHFE Cast Aluminum Alloy Warrants Down 1,720 mt to 64,454 mt on Feb 27

He Yongqian, spokesperson for the Ministry of Commerce, stated that during German Chancellor Merz's visit to China, the two countries engaged in in-depth exchanges in the economic and trade field and reached over ten commercial agreements spanning multiple industries. Regarding the strengthening of export controls against Japan, He Yongqian noted that China has included relevant Japanese entities in its export control list and watchlist. This measure aims to curb Japan's "remilitarization" and nuclear ambitions and is entirely justified, reasonable, and lawful.

The Ministry of Commerce held a regular press conference. Regarding the upcoming sixth round of China-U.S. economic and trade consultations, Ministry of Commerce spokesperson He Yongqian stated that China and the United States have maintained communication at various levels through the China-U.S. economic and trade consultation mechanism. China expects to work with the United States to jointly and earnestly implement and uphold the consensus reached during the meeting between the two heads of state in Busan and their recent phone call, adhere to the principle of equal consultation, properly handle differences, further expand practical cooperation areas.

US January PPI data showed a YoY increase of 2.9%, exceeding market expectations of 2.6% and close to the previous value of 3%. MoM, it rose 0.5%, also surpassing expectations of 0.3%, with the prior figure revised from 0.5% to 0.4%. For core PPI, the January YoY increase reached 3.6%, hitting a near one-year high, above expectations of 3% and the prior 3.3%. MoM, it rose 0.8%, significantly exceeding market expectations of 0.3%, with the previous figure revised from 0.7% to 0.6%.