UK CPI Rises 3.3% YoY in March, Driven by Energy Costs Amid Iran Conflict

On April 26, Hao Mei New Material announced that in order to improve its global layout, the company plans to invest in establishing a subsidiary in Morocco and building a new aluminum profile production base with its Hong Kong subsidiary Hao Mei Aluminum Products as the investment entity. The total investment of this project is not more than 510 million yuan, and the source of funds is self-owned and self-raised funds, mainly used for land purchase, factory construction and operating working capital. After the completion of the project, it is expected to form a production capacity of about 44,000 tons of aluminum profiles per year, covering the light weight of automobiles, building and industrial aluminum profiles. The matter has been deliberated and approved by the Sixth Meeting of the Fi

The latest S&P Global data for April released by the US showed that the preliminary manufacturing PMI reached 54, not only exceeding the prior market expectation of 52.5 but also hitting the highest level since May 2022. The services PMI also rose to 51.3, returning to expansion territory. Meanwhile, the preliminary composite PMI came in at 52, the highest level in three months. In addition, price increases for goods and services reached their largest since July 2022.

The Strait of Hormuz, the "artery" of global energy and supply chains, remains locked down to this day, facing extremely severe challenges. The International Monetary Fund has issued a stern warning: should the conflict persist for months, global economic growth could shrink to 2% by 2026.