Today's news: foreign investors quickly enter the Chinese market * iron ore skyrocketing steel enterprises need to avoid "import risk"

Published: Jul 8, 2019 09:12

Macro information

Do you want to cut interest rates? Powell will testify before the U.S. Congress this week.

Non-farm data suppresses interest rate cuts in expectations that US economic growth will slow down and worries remain

For seven months in a row, foreign investors have increased their holdings of RMB bonds to enter the Chinese market.

At the end of June, foreign exchange reserves increased by US $3.119234 trillion over the previous month by US $18.23 billion.

Metal news

[SMM Analysis] details of electricity Price of Electrolytic Aluminum Enterprises in China in June 2019 (with chart)

Total stainless steel production increased 23.73 per cent to 2.3449 million tons in June from a year earlier. Total stainless steel production is expected to increase slightly in July.

[SMM Analysis] 2019H1 China Battery material production data part III: the trend of High Ni shows that the demand for Iron and Lithium may be on the rise.

The price of light, medium and heavy rare earths is weak and stable, waiting for the guidance of news surface in the future. [SMM analysis] light, medium and heavy rare earth prices are weak and stable.

The first batch of central eco-environmental protection inspectors in the second round will be launched in an all-round way in the near future.

A new round of global liquidity feast looming copper industry leading listed companies may benefit obviously

Rusal enters into metal supply agreement with Braidy Industries

Iron ore skyrocketing steel enterprises need to avoid "input risk"

The "Big pattern" of Ecological Environmental Protection Supervision is taking shape day by day

The last trading day of the delisting period of cobalt and nickel shares.

Related news

Dealers speed up inventory and the industry expects that the growth rate of car sales is expected to become regular.

Enthusiasm for the development of 5G industry is high in the next three years, it will enter the upward cycle of investment.

The "white list" left the market for new energy vehicles.

Domestic oil prices will rise for the first time in the second half of the year. Car travel costs will rise again.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Prices Rebound Sharply: Bad News Fully Priced In, or Fundamentals Reasserting Themselves?
12 hours ago
Copper Prices Rebound Sharply: Bad News Fully Priced In, or Fundamentals Reasserting Themselves?
Read More
Copper Prices Rebound Sharply: Bad News Fully Priced In, or Fundamentals Reasserting Themselves?
Copper Prices Rebound Sharply: Bad News Fully Priced In, or Fundamentals Reasserting Themselves?
12 hours ago
Doosan Invests $701.5M to Expand CCL Production in Korea and China Through 2028
12 hours ago
Doosan Invests $701.5M to Expand CCL Production in Korea and China Through 2028
Read More
Doosan Invests $701.5M to Expand CCL Production in Korea and China Through 2028
Doosan Invests $701.5M to Expand CCL Production in Korea and China Through 2028
Doosan Group said on September 17 that it will invest approximately KRW 968.4 billion (about USD 701.5 million) to expand high-end copper-clad laminate (CCL) production in South Korea and China. Roughly KRW 421 billion will expand domestic CCL lines for optical modules, while about KRW 547.4 billion will build a new plant in Changshu, China, for AI accelerators and network switches via wholly-owned Doosan Electro-Materials Changshu, with an additional KRW 182.4 billion capital injection. The three-year investment runs through 2028, with new lines scheduled to begin operations in the second half of 2028. In H1 2026, utilization at Doosan's Jeungpyeong and Gimcheon plants reached 109.8% and 102.7%, respectively, while the China plant ran at 92.2%. Q2 2026 optical-module CCL sales jumped more than tenfold year-on-year to about KRW 50 billion, and network-board CCL sales reached KRW 369.2 billion, accounting for more than half of the Electronics Business Group's revenue.
12 hours ago
Copper Cathode Rod Orders Expand, Inventories Decline; Production to Increase 2.31% WoW
13 hours ago
Copper Cathode Rod Orders Expand, Inventories Decline; Production to Increase 2.31% WoW
Read More
Copper Cathode Rod Orders Expand, Inventories Decline; Production to Increase 2.31% WoW
Copper Cathode Rod Orders Expand, Inventories Decline; Production to Increase 2.31% WoW
[SMM Copper Cathode Rod Flash] New orders continued to expand, and with the holiday approaching, finished product inventories destocked at a faster pace. Production willingness at copper cathode rod enterprises strengthened, and the operating rate is expected to rise 2.31 percentage points WoW next week.
13 hours ago