Koffiekamer Terug naar discussie overzicht

China nieuws berichten

1. voda 30 augustus 2019 11:13

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   'Chinese homo dating-app naar beurs New York'
   
   Gepubliceerd op 30 aug 2019 om 10:36 | Views: 468
   
   NEW YORK (AFN) - De Chinese dating-app voor de homoseksuele gemeenschap Blued is van plan naar de aandelenbeurs in New York te gaan. Het bedrijf is naar schatting 1 miljard dollar waard. Dat meldden ingewijden tegen persbureau Bloomberg.
   
   Blued zou van plan zijn om 200 miljoen dollar op te halen met de verkoop van aandelen, die volgend jaar plaats zou moeten vinden. Het bedrijf zou al hebben gesproken met mogelijke adviseurs voor de gang naar de beurs. De plannen zijn nog niet definitief.
   
   Blued werd in 2012 opgericht door de voormalige politieagent Geng Le en wordt beschouwd als icoon voor de Chinese lhbt-gemeenschap. De gratis app telt nu 40 miljoen gebruikers, waarvan het grootste deel in China. Ook de dating-app Grindr voor mensen in de gay, bi, trans en queerscene heeft plannen voor een sprong naar Wall Street.
2. voda 30 augustus 2019 16:54

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   China's Benchmark Power Coal Price Edges up
   
   Xinhua, citing Qinhuangdao Ocean Shipping Coal Trading Market Co, reported that China's benchmark power coal price rose slightly during the past week as destocking at ports and power plants helped inflate coal prices. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in north China's major ports, reached USD about 81.5 per tonne Wednesday, a rise of CNY 1 week on week.
   
   As of Wednesday, total inventories of ports around the Bohai Sea have dropped to less than 25 million tonnes, down 1.5 million tonnes from the high in the middle of this month. Analysts said the increasing demands of terminal consumers also buoyed the market, leading to the brief price rise. The expectation of tightened supply from a coal-producing area in Inner Mongolia has also contributed to the rising coal prices, analysts said.
   
   Source : Xinhua
3. voda 30 augustus 2019 19:05

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   China Zhongwang Holdings H1 Revenue up by 38.3% YoY
   
   China Zhongwang Holdings Limited announced its unaudited results for the six months ended 30 June 2019. During the Period under Review, the demand for high-quality aluminium products increased, contributing to sharp increases in the sales of the Group’s industrial extruded aluminium products and aluminium flat-rolled products. Such, coupled with the encouraging sales performance of the aluminium alloy formwork, drove up the Group’s overall sales volume by 63.7% year on year to 532,275 tonnes. As a result, the Group’s total revenue rose by 38.3% year on year to RMB12.90 billion. Gross profit grew by 32% year on year to RMB3.91 billion. Gross margin amounted to 30.3%. Net profit increased by 15.7% year on year to RMB1.47 billion.
   
   Aluminium Extrusion Business - Initiating the leasing business of aluminium alloy formwork with the aim of enhancing long-term profitability
   
   Aluminium alloy formwork has been widely used as an ecological building material in recent years. During the Period under Review, the aluminium alloy formwork continued to contribute to the Group's financial results. With its expertise in design, techniques and technology, the Group successfully developed a comprehensive range of aluminium formwork system that include aluminium supporting components and connectors, enriching its product mix. Meanwhile, the application of aluminium alloy formwork has been extended to infrastructure construction, such as underground integrated pipe corridors, subway tunnels and airport tunnels, thus increased the penetration rate of aluminium alloy formwork.
   
   To ensure its sustainable development, and enhance its long-term profitability, the Group commenced the leasing business of aluminium alloy formwork. This not only deepens the Group’s contact with the end market but may also widen its potential profit in the long run.
   
   Aluminium Flat Rolling Business – Pressing ahead with capacity ramp-up and effort to obtain certification for high-end products to align with international standards
   
   The Group has been making progress at its aluminium flat rolling plant in Tianjin in response to the demand for high-end aluminium products. The first production line has been running smoothly and fully integrated with improved production efficiency, unlocking the production capacity. During the Period under Review, sales volume at the Group’s aluminium flat rolling plant increased significantly. The clients of the flat rolling business are mainly from the industrial and transportation sector, the Group is also supplying in small amount of automotive body sheets for new energy vehicle manufacturers. Meanwhile, the Group has been working on product accreditation procedures with some European brands and Japanese brands. It has also developed a wide range of aluminium products for packaging, including aluminium alloy sheets for can lids, laptop casings and soft-pack battery. The second production line at the plant in Tianjin has commenced pilot production in small scale.
   
   Mr Lu Changqing chairman and President of China Zhongwang said that “On the back of the ongoing upgrading and transformation of China’s manufacturing industry, breakthroughs are being made in widening the applications of aluminium alloy, which is dubbed a ‘green metal’, in various industries. The Group’s outstanding capability in research and development, specialisation in high-end products and consistent optimisation of its product mix have enabled it to progressively expand its businesses, providing one-stop light-weight solutions for such high-end applications as ecological construction, new energy vehicles, rail transport, shipbuilding and aviation. The Group always dedicates itself to the aluminium fabrication, therefore it has long been in a leading position in the industry.”
   
   Source : Strategic Research Institute
4. voda 30 augustus 2019 19:22

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   Chinese Firm CMC & NWPGC ink Pact to Build Renewable Power Projects in Bangladesh
   
   Bangladesh has set up a USD 400 million JV with a Chinese company to build renewable energy projects to provide a total 500 MW of power by 2023. The venture is between China National Machinery Import and Export Corporation CMC and Bangladesh's North-West Power Generation Company. The renewable energy generation projects includes 50 megawatts of wind power projects
   
   Bangladesh currently produces 25 MW from solar energy and has set a target to meet 10% of its power demand from renewable energy by 2021. Its main source of energy is natural gas, whose reserves are depleting fast.
   
   Source : Reuters

   Bijlage:
5. voda 30 augustus 2019 19:25

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   China & Philippines to Form Alliance for South China Sea Oil Exploration
   
   Bloomberg reported that a senior envoy announced before a meeting between President Rodrigo Duterte Chinese leader Xi Jinping in Beijing that Philippines and China will advance plans for joint oil and gas exploration in the South China Sea. Philippine envoy to China Chito Sta Romana said that Duterte and Xi will likely discuss forming committees to pick areas for the exploration and they’re also expected to sign at least five deals on economic cooperation and technology. He said “We are trying to find a way within certain parameters to move forward. We hope to get it going as fast as possible.”
   
   Duterte earlier said he will use the Philippines’ 2016 international tribunal win against China, which he set aside to warm ties and tap Chinese funding, to negotiate a favorable deal with Xi.
   
   Source : Bloomberg
6. luchtschip 30 augustus 2019 19:44

   auteur info

   • luchtschip

     Lid sinds: 22 mrt 2016

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 17263

     Gegeven: 2751

   •    Aantal posts: 43.705

   
   Hong Kong protesten
   
   Vrijdag zijn 3 activisten gearresteerd.
   Joshua Wong
   Agnes Chow
   Andy Chan
   twitter.com/business/status/116729096...
   
   Andy Chan :
   twitter.com/business/status/116727128...
   
   Agnes Chow :
   twitter.com/tictoc/status/11672567943...
   
   Joshua Wong :
   twitter.com/business/status/116725267...
   
   Bovendien is er een verbod uitgevaardigd voor een aangekondigde manifestatie Zaterdag.
   
   twitter.com/business/status/116733994...
   
   
7. voda 31 augustus 2019 16:32

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   Nieuwe importheffingen VS voor Chinese waar
   
   Gepubliceerd op 31 aug 2019 om 12:22 | Views: 2.483
   
   WASHINGTON (AFN/DPA) - De handelsoorlog tussen de VS en China gaat zondag de volgende ronde in. Dan wordt een nieuwe Amerikaanse importheffing van kracht op producten als televisies, boeken en luiers. Het is voor het eerst dat consumentenproducten door de maatregel worden getroffen. Chinese exporteurs moeten 15 procent meer betalen, wat in Amerika zal leiden tot hogere prijzen.
   
   Zo zullen schoenen flink duurder worden, waarschuwde deze week al een koepel van schoenenverkopers. Een gemiddeld paar kan van 150 naar 190 dollar gaan. Van alle schoenen in de VS wordt 70 procent ingevoerd uit China.
   
   Half december wil president Donald Trump de regeling verder uitbreiden naar smartphones, laptops en kleding uit China. Tot nu toe werden alleen industriële importgoederen belast met een heffing. Trump wil China met de tarieven dwingen tot een handelsakkoord.
8. haas 2 september 2019 08:26

   auteur info

   • haas

     Lid sinds: 09 apr 2000

     Laatste bezoek: 06 sep 2022

   • Aanbevelingen

     Ontvangen: 2442

     Gegeven: 10807

   •    Aantal posts: 24.865

   De bedrijvigheid in de omvangrijke Chinese industrie is in augustus onverwacht licht gegroeid, de eerste keer in drie maanden. Dat blijkt uit cijfers van onderzoeksbureaus Markit en Caixin.
   
   De inkoopmanagersindex kwam voor augustus kwam uit op 50,4 tegenover 49,9 een maand eerder. Dat is het hoogste niveau in vijf maanden. Een stand van 50 of meer wijst op groei, daaronder op krimp. Economen rekenden in doorsnee op een niveau van 49,8.
   
   Een vergelijkbare graadmeter van de Chinese overheid voor de industrie toonde voor augustus wel een lichte krimp. Die stand bedroeg 49,5. Daarmee noteert die graadmeter al vier maanden op rij onder het niveau van 50. De cijfers van de overheid richten zich meer op de grote Chinese staatsbedrijven, terwijl Caixin en Markit zich meer richten op private kleinere ondernemingen die gericht zijn op export. Die laatste zijn gevoeliger voor de gevolgen van de handelsoorlog.
9. voda 2 september 2019 12:52

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 23 mei 2024

   • Aanbevelingen

     Ontvangen: 83342

     Gegeven: 21088

   •    Aantal posts: 366.501

   Chinese industrie groeit weer
   
   (ABM FN-Dow Jones) De inkoopmanagersindex voor de industrie in China is in augustus gestegen en wijst daarmee weer op groei. Dit bleek maandag uit cijfers van Markit Economics en Caixin.
   
   De inkoopmanagersindex noteerde in augustus op 50,4, na een indexstand van 49,9 in juli.
   
   "De deelindex voor de buitenlandse vraag bleef wel krimpen, terwijl het handelsconflict tussen China en de VS intensiveerde", constateerde econoom Zhengsheng Zhong van CEBM Group.
   
   Dit weekend wees de officiële inkoopmanagersindex voor de industrie, berekend door de Chinese overheid, nog op krimp, met een indexstand in augustus van 49,5. Dat was 49,7 in juli.
   
   Een indexstand van meer dan 50 wijst op groei, minder dan 50 betekent krimp.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
10. voda 2 september 2019 16:57

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Rising Raw Material Costs Hit Chinese Steel Makers Profits
    
    Xinhua reported that Chinese steel plants reported shrinking profits in the first seven months of this year as rising raw material prices hit. Member enterprises of the China Iron and Steel Association raked in 2.43 trillion yuan (about 339 billion US dollars) in sales revenue during this period, up 9.75%, while profits fell by 23.93% YoY to stand at 123.582 billion yuan.
    
    Industrial giant Baoshan Iron & Steel saw its net profit down over 38% YoY in the first half of this year.
    
    The CISA attributed the dropping profits to rising raw materials prices.
    
    Purchase costs of domestic iron ores rose 19.88% YoY during this period, while that for imports climbed 29.13%.
    
    Source : Xinhua
11. voda 2 september 2019 18:37

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Hahaha...
    
    Chinese fabriek maakt wc-borstels van Donald Trump
    
    youtu.be/1b9D9NYnFdk?t=1
12. voda 2 september 2019 18:40

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    China en VS steggelen over datum ontmoeting
    
    Gepubliceerd op 2 sep 2019 om 18:26 | Views: 260
    
    WASHINGTON (AFN) - Chinese en Amerikaanse onderhandelaars kunnen het vooralsnog niet eens worden over wanneer de vastgelopen handelsgesprekken moeten worden hervat. Dat meldt persbureau Bloomberg op basis van ingewijden.
    
    Het is het streven dat deze maand in Washington verder wordt gesproken over een oplossing voor de handelstwist tussen China en de Verenigde Staten. Het wederzijdse vertrouwen zou echter een deuk hebben opgelopen na de nieuwe importheffingen van de VS op Chinese goederen die afgelopen weekend ingingen. China zou tevergeefs hebben gevraagd om uitstel van die maatregel.
    
    Wereldhandelsorganisatie WTO zou door China gevraagd zijn om op te treden tegen de VS. Volgens de Chinezen houden de Amerikanen zich niet aan de regels om tot een oplossing te komen voor het handelsconflict.
13. voda 2 september 2019 18:47

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Escalating Trade War Continues to Hit China’s Manufacturing in August – NBS PMI
    
    As the trade war with the United States continues to gather pace, manufacturers in China remain gloomy about their prospects, with the sector activity contracting for the fourth successive month in August. The Official NBS Manufacturing PMI in China dropped to 49.5 in August 2019 from 49.7 in the July 2019 of 49.7. The latest reading pointed to the fourth straight month of contraction in factory activity, amid growing trade frictions with the US and sluggish domestic demand. There were falls in new orders (49.7 vs 49.8 in July) and employment (46.9 vs 47.1), while output growth slowed (51.9 vs 52.1). Export orders were down for the 15th straight month (47.2 vs 46.9) while buying level declined at the steepest rate since February (49.3 vs 50.4). On the price front, input prices dropped the most in seven months (48.6 vs 50.7), while output charges fell for the fourth month in a row (46.7 vs 46.9). Looking ahead, business sentiment weakened to its lowest since January (53.3 vs 53.6). Business Confidence in China averaged 51.82 Index Points from 2005 until 2019, reaching an all-time high of 59.20 Index Points in April of 2008 and a record low of 38.80 Index Points in November of 2008.
    
    That the index has remained in contractionary territory for six of eight months this year shows that the effects of US tariffs are resonating through the Chinese economy. The manufacturing PMI only showed expansion in March and April of this year. New and higher US tariffs scheduled to enter force on September 1, October 1 and December 15 could provide some very temporary boost to Chinese exports and therefore manufacturers, should they inspire American buyers to make early purchases to pay lower tariff rates. However the long term trajectory is negative, with many manufacturers scoping out or already relocating to production sites outside the world’s second largest economy.
    
    Voor cijfers, zie pdf.
    
    China Manufacturing Purchasing Managers Index provides an early indication each month of economic activities in the Chinese manufacturing sector. It is compiled by China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the National Bureau of Statistics (NBS).Li & Fung Research Centre is responsible for drafting and disseminating the English PMI report.
    
    Source : Strategic Research Institute

    Bijlage:
14. voda 2 september 2019 18:48

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Taiwan Extends AD Tariffs on Chinese & Korean Steel Firms
    
    CNA reported that Taiwan has extended anti-dumping tariffs on steel makers from China and South Korea for another five years after an investigation found firms from those countries have sold their products at unfairly low prices in the Taiwan market, causing material damage to their Taiwanese counterparts. In an announcement posted by the Customs Administration of the Ministry of Finance, the punitive financial burden has been extended from Aug 29, 2019 to Aug 28 2024 against Chinese and South Korean exporters of certain steel products such as stainless steel and cold-rolled coils and sheets. According to the administration, the steel items in the case are used for production in a wide range of products such as car parts, kitchen equipment, computer components, electrical motors, cable cars, shipping containers and building materials. The tariffs faced by Chinese and South Korean firms stand at 38.11% and 37.65 percent, respectively.
    
    Before the previous punitive tariffs ended, the administration said, Yieh United Steel Corp & Tang Eng Iron Works Co, two of the leading steel makers in Taiwan, filed a petition on Aug. 8, arguing that the termination of the punishment could harm the Taiwan steel market if Chinese and South Korean firms continued to dump their products here.
    
    Source : CNA
15. voda 2 september 2019 18:58

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    China approves Futures Trading In Stainless Steel & Styrene
    
    Xinhua reported that China's securities regulator has approved trading in stainless futures and styrene to provide enterprises with new risk management tools. The Shanghai Futures Exchange can carry out trading in stainless steel futures, and the contracts will be listed for trading on September 25. The Dalian Commodity Exchange can carry out styrene futures trading, and the contracts will be listed for trading on September 26.
    
    Stainless steel futures trading can enrich the steel industry futures series, provide transparent price signals as well as efficient risk management tools for enterprises, according to the CSRC.
    
    Source : Xinhua
16. voda 2 september 2019 19:22

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    AkzoNobel Provides Ultimate Protection for China’s New Icebreaker
    
    China recently launched its first domestically built polar icebreaker, Xue Long 2, and to help protect it from harsh Arctic and Antarctic conditions, they turned to an industry-leading coatings solution supplied by AkzoNobel. Purpose-built to cope with thick ice sheets and the extreme challenges of polar exploration, the 12,366 ton research vessel is coated with Intershield 163 Inerta 160 from the International product range. The tried and tested abrasion resistant system has a proven 47-year track record of performing in temperatures as low as -50°C and has already been used on more than 1,600 ships and icebreakers around the world.
    
    The company’s products have been used throughout the exterior and interior of the new icebreaker. The Intershield 163 Inerta 160 system – which was specially developed for ice-going vessels – has been applied to the bottom and sides of the hull. It offers outstanding surface smoothness to maximize agility and icebreaking efficiency, as well as excellent anti-corrosion properties, high durability and strong resistance to shocks and cracking.
    
    The Xue Long 2 is expected to improve China’s ability to conduct inspections in polar areas. It has greater structural strength than what was previously the country’s sole icebreaker Xue Long (which translates as Snow Dragon), and is also equipped with two-way icebreaking ability. In addition, it has been fitted out with more than 7,000 “intelligent” sensory points, which can collect friction data and other information to provide a reference for designs and the manufacture of new ships in the future.
    
    Its first mission – which will be China's 36th Antarctic expedition – is expected to take place later this year.
    
    Source : STRATEGIC RESEARCH INSTITUTE

    Bijlage:
17. voda 2 september 2019 19:42

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Sinopec Commissions More Oil Storage in Jiangsu Province
    
    Reuters, citing, China Petrochemical Corp, known as Sinopec, reported that it had commissioned additional crude oil storage totalling 375,000 cubic metres, or about 2.36 million barrels, in eastern China's Jiangsu province. Asia's biggest refiner put three commercial crude storage tanks in the city of Yizheng, each with a capacity of 125,000 cubic metres, into operation on August 28.
    
    Sinopec said that the Yizheng commercial storage base, which serves refineries along the Yangtze river and in the Nanjing area, is now fully utilising its total 975,000 cubic meters of storage.
    
    Source : Reuters
18. voda 3 september 2019 19:41

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Huawei ontkent aantijgingen patentdiefstal
    
    (ABM FN-Dow Jones) Huawei Technologies heeft zich niet schuldig gemaakt aan patentdiefstal bij de ontwikkeling van camera’s voor zijn smartphones en veroordeelt de pogingen van de Verenigde Staten om het bedrijf zwart te maken. Dit zei het Chinese techconcern dinsdag in reactie op een bericht in The Wall Street Journal, eind vorige week.
    
    De zakenkrant meldde dat de Amerikaanse autoriteiten momenteel onderzoek doen naar mogelijke diefstal van patenten voor smartphonecamera's. Het zou gaan om een ontwerp van een Portugese ontwikkelaar, waar Huawei in 2014 een ontmoeting mee had. Het ontwerp werd echter nooit gebruikt, aldus Huawei.
    
    "De kerntechnologie van Huawei is nooit onderwerp van strafrechtelijk onderzoek geweest", zei het bedrijf dinsdag. Er is ook geen bewijs dat Huawei zich schuldig heeft gemaakt aan een dergelijk vergrijp, voegde het Aziatische techbedrijf toe.
    
    Huawei beschuldigt de VS er ondertussen van dat het cyberaanvallen uitvoert om te kunnen infiltreren op het intranet van het bedrijf.
    
    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999
    
    © Copyright ABM Financial News B.V. All rights reserved.
19. voda 3 september 2019 19:42

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    Chinese Steel PMI in August Dips to 44.9
    
    According to the latest release on August 31 by the official index compiler CFLP Steel Logistics Professional Committee, China’s Purchasing Managers Index for the steel industry for August hit a new low since December 2015, reaching 44.9 amid imbalance in the fundamentals, steel price declines amid higher production and stocks while the growing challenges in sales. The August steel PMI fell for the fourth successive month by another 3 basis points on month and the conflict of demand and supply was more protruding, as the supply side had been adding pressure to the market, while demand had failed to achieve any explosive growths amid the scorching weather and frequent rains. The sub-index for new steel orders decreased further by 8.3 basis points on month to 37.5, or in the contraction zone for four months, as China’s steel demand recovery was below expectation, and domestic steel prices, as a result, slipped substantially. In contrast, the sub-index for the country’s steel production reversed up 1.6 basis points on month to 50.1 in August, or back to the expansion zone after having hovered below the threshold of 50 for two months, which was attributed to the widespread production increase among the steel mills, the capacity expansion in the process of old-for-new capacity swaps and relocation, and the reincarnation of some zombie capacities. China’s inventories of five major finished steel products at the warehouses in 20 major cities including those at their ports rose further by 10.3% or 1.3 million tonnes on month to 14 million tonnes by the end of August, among which, rebar witnessed the sharpest MoM increase of 17.2%. CSLPC said “In August, China’s steel market sentiment was seriously dampened by the slow-down in downstream demand, the escalation of the China US trade friction, as well as the explicit message from the People’s Bank of China that property market will not be used as a short-term economic stimulus means.”
    
    CSLPC added “For September, the domestic steel demand is expected to revive, as construction works will pick up in pace with a cooler climate, and steel prices are expected to spiral up moderately, as the imbalance in the market fundamentals is expected to mitigated, However, short-term suspension in construction works over the Mid-Autumn Festival on September 13 and National Day holiday over October 1-7 may affect both the steel demand and supply, and related preventative measures should be adopted. China’s steel export market will remain challenged for the rest of 2019 because of the escalation in international trade friction, and further build-up in trade barriers.”
    
    Source : Strategic Research Institute
20. voda 3 september 2019 19:43

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 23 mei 2024

    • Aanbevelingen

      Ontvangen: 83342

      Gegeven: 21088

    •    Aantal posts: 366.501

    En de 5,000 ste China POST!!! Feestje :-)