Hot News

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  Supply Recovery Meets Demand Gap, Both Factory and Social Inventories Increase

  This week's total rebar inventory was 4.1708 million mt, up 204,800 mt WoW, an increase of 5.16% (previous: -4.07%), and up 289,100 mt YoY, an increase of 7.45% (previous: +4.62%).

• National Bureau of Statistics (NBS): December CPI Up 0.8% YoY, PPI MoM Increase Widens

• China tightens export control of dual-use items to Japan, with immediate effect: MOFCOM

  China announced on Tuesday the decision to strengthen export controls on dual-use items destined for Japan, in accordance with the relevant provisions of laws and regulations including the Export Control Law of China.

• SMM Electric Furnace Operating Rate: Operating Rate Edged Up 0.94% WoW with Slight Regional Divergence

  As of January 6, the operating rate of 50 electric furnace steel mills producing building materials nationwide stood at 42.72%, up 0.94% from the previous period; the capacity utilization rate was 44.02%, up 0.63% WoW; the daily average production of building materials reached 98,000 mt, an increase of 1,400 mt WoW.

• Last Week (1.5-1.9) Overseas Lithium News [SMM New Energy Overseas Weekly News]