Rumours Say China Will Release 5 Trillion Yuan Of Special National Bonds, Buoying Rebar Prices, But The Sustainability Of Rise Depends On Upcoming China May Manufacturing PMI
SHANGHAI, May 26 (SMM) - Rebar futures contract rebounded today, but still closed down 1.54% at 3,493 yuan/mt.
IMF Raises 2023 Global Economic Growth Forecast
The International Monetary Fund (IMF) raised its global growth outlook for 2023 on May 26.
BHP Says China's Real Estate Recovery Will Boost Metals Demand
According to foreign news on May 25, BHP Group is full of confidence in the recovery of China's real estate market in the next few months, although the signal from the global economy has caused copper prices to fall sharply.
Here's How G7 New Sanctions Will Change Global Nickel Trade Flows in 2023 and Impact Nickel Price
Geopolitical issues still have an impact on commodity trade. The Group of Seven (G7) has expanded sanctions on Russia and will continue to reduce Russia's income from the metals trade. Here’s how the geopolitical issues have changed nickel trade in 2023 and the trend of nickel prices.
Trafigura Sees Copper Prices Rising to All-Time High on China Economic Rebound and Supply Shortages
Commodities trading giant Trafigura said earlier this year that copper prices could hit record highs in 12 month, citing a rebound in the Chinese economy and supply shortages.
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.