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China’s fixed asset investment in the domestic property market rose by 11.8% year on year to Yuan 2.38 trillion ($355.2 billion) over January-March, though the rate of growth was only 0.2 percentage point higher from that during January-February, according to the latest data from China’s National Bureau of Statistics published on April 17.
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China’s fixed asset investment (excluding rural households) increased 6.3% on year to Yuan 10.2 trillion ($1.5 trillion) over January-March, with the growth rate up 0.2 percentage point from that for January-February, according to the latest data from the country’s National Bureau of Statistics (NBS) on April 17.
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China’s gross domestic product (GDP) grew 6.4% on year to Yuan 21.3 trillion ($3.2 trillion) for the first quarter of 2019, kicking off the year with a positive and steady note, according to the latest release by the country’s National Bureau of Statistics (NBS) on April 17.
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China's fixed asset investment in the property market went up 11.8% on year to Yuan 2.38trillion ($355 billion) over January-March. A detailed report will be posted soon.
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China's GDP grew 6.4% on year in the first quarter of 2019, falling in its annual target at 6%-6.5% for the whole 2019. A detailed report will be posted.
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China's fixed asset investment in general grew 6.3% on year to Yuan 10.2 trillion ($1.5 trillion) for January-March. A detailed story will be posted soon.
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Shanghai-listed Jinduicheng Molybdenum Co (JDC Moly), a leading molybdenum producer headquartered in Northwest China’s Shaanxi province, plans to produce 48,000 tonnes of moly concentrate (at 45% moly content) this year, according to its 2018 annual report released on April 12.
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China’s total imports of copper concentrates and ores in the first quarter of 2019 reached nearly 5.6 million tonnes, up by 20% year on year, according to the latest data released by China’s General Administration of Customs on April 12.
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Steel mills and metal smelters are still welcome in China only if they meet the new requirements in energy consumption efficiency, technology, and eco-friendliness, according to the draft of “Guiding Catalogue for the Adjustment of Industrial Structure” that China’s National Development and Reform Commission (NDRC) released on April 8 for public review until May 7.
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China’s major tungsten smelters have decided to lower their prices of tungsten and APT for long-term customers for sales over the first half month of April, a decision which has cracked tungsten-market confidence and dragged down spot prices, Mysteel learned Tuesday.
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China’s ferromolybdenum price is expected to remain steady in the coming term, as low bid prices for the ferroalloy by steel mills may impede the price rise, though the domestic market could gain some support from the firm moly concentrate market and higher bid volumes being tabled by steelmakers, Mysteel has learned.
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The Shanghai- and Hongkong-listed China Molybdenum Co (CMOC), will keep its molybdenum output stable at 14,500-16,000 tonnes in 100% moly content amid the degradation while a possible higher demand from domestic stainless sector, according to its annual report released on March 29.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry returned to the expansion zone in March, having rebounded 1.3 basis points on month to 50.5, and both the production and demand recovered, according to the release by China’s National Bureau of Statistics (NBS) on March 31.
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The Chinese government is using a little financial leverage to encourage makers of new-energy vehicles to lift the quality of what they sell. Steel market sources welcomed the policy adjustment saying it would definitely foster improvements in NEV design and manufacturing but admitted the flat steel market probably wouldn’t see any immediate benefit.
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Bid volumes for ferromolybdenum tabled by Chinese steelmakers have basically met market expectations for March and may boost sentiment in the domestic ferromoly market, Mysteel learned Thursday.
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A shrewd tweak of its business plan last year saw China Hongqiao Group, the country’s leading privately-owned integrated aluminum producer, double the share that sales of alumina enjoyed in its overall business, the Shandong-headquartered company’s latest annual report shows.
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China’s ferrotungsten price has posted gains recently, levered higher thanks to the continuous rise in domestic prices of tungsten concentrates, with that for 80% W ferrotungsten gaining Yuan 2,000/tonne ($299/t) to reach Yuan 161,000/t as of March 20, according to Mysteel’s database. Prior to the increase, prices had been hovering at the 17-month low of Yuan 159,000/t for more than three months till March 18, Mysteel notes.
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Chinese ferromolybdenum prices remain stable, with the price of 60% ferromoly hovering at Yuan 120,000/tonne ($17,876/t) including 16% VAT for two weeks as of March 19, according to Mysteel’s database.
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China’s two top-level political annual sessions every March are always of great significance in understanding the country’s economic planning for the very year and China’s Premier Li Keqiang sent out a firm and strong signal last Friday, immediately after both the events were concluded, that the country is capable of maintaining its economic growth within a reasonable range and achieving stability in 2019.
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China will reduce the value-added tax (VAT) which manufacturers currently pay to 13% from April 1 from the 16% currently in place, Chinese premier Li Keqiang told media representatives at a press conference on Friday morning following the conclusion of the “Two Sessions” political meetings convened in the capital over the past two weeks.
