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Chinese prices of nickel pig iron continued to rise this week, with the price of 8-12% grade NPI in East China's Jiangsu province under Mysteel's assessment hitting a 10-year high of Yuan 1,525/mtu ($238.7/mtu) including the delivery and 13% VAT as of October 20, up by Yuan 50/mtu on week.
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China's total energy consumption continued growing over January-September, rising by 7.3% on year, according to data from China's National Bureau of Statistics (NBS) published on October 19. However, affected by energy use and intensity control, the growth slowed by 7.3 percentage points and 3.2 percentage points from Q1 and H1 respectively. Meanwhile, the country's energy consumption per GDP unit – or energy intensity – dropped 2.3% on year, which was wider by 0.3 percentage point from H1.
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China’s economy will continue with its recovery and the progress towards high-quality development, and the country will be capable to achieve its economic and social development targets for 2021, Fu Linghui, spokesperson of the country’s National Bureau of Statistics (NBS), shared with confidence at the bureau’s press conference on October 18.
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BHP'sProduction by Product overJuly-September
Note: All guidance is subject to further potential impacts from
COVID-19 during the 2022 financial year.
Source: BHP, released on October 19
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For the July-September quarter, capacity utilization rate among China’s industrial enterprises averaged 77.1%, up 0.4 percentage point on year but down 1.3 percentage points on quarter, partly as ferrous and nonferrous smelting and fabrication plants and automakers posted on-year declines, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over this year’s January-September period, China's production of primary aluminum increased by 7.2% on year to 29.2 million tonnes, the growth being slower than the 8.3% on-year rise for January-August, due to the on-month decline in output for September, Mysteel Global noted from the latest data released by the country's National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion) with the GDP growth for Q3 having slowed to 4.9% on year against the 7.9% on-year gain for Q2 or the 18.3% on-year rise for Q1, though all the key economic indicators stayed within reasonable ranges until September, the country's National Bureau of Statistics (NBS) shared on October 18.
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Over January-September, the growth in China’s fixed asset investment (FAI) trended down further to 7.3% on year to Yuan 39.8 trillion ($6.2 trillion), among which, that in the property market grew a lower rate too, up 8.8% on year to Yuan 11.3 trillion, and both saw their on-year growths slow since the start of 2021, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
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Over January-September, China's gross domestic product (GDP) grew 9.8% on year to Yuan 82.3 trillion ($12.8 trillion), and for July-September, the GDP grew 4.9% on year, or being lower than the 7.9% on-year gain for the second quarter or the 18.3% on-year rise for the first quarter, according to the
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Over January-September, China's primary aluminum production appromixated 29.2 million tonnes, or up 7.2% on year, and the ten nonferrous metals including aluminum posted a 7.9% on-year gain to 48.4 million tonnes, while for September alone, the former fell 2.1% on year to 3.1 million tonnes, and the latter eased 1.6%
