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Although the peak season is approaching, under the influence of the situation in Russia and Ukraine, the prices of international crude oil and related chemicals are easy to rise and hard to fall, but some people in the PVC (polyvinyl chloride) industry are happy and some are sad. Since the fourth...Read more »
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The monetary tightening expectations of the European Central Bank, the Bank of England and the Federal Reserve have suppressed the copper price, and the “growth bottom” of domestic copper demand still needs to wait for a turnaround. However, the “policy bottom” of domestic...Read more »
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As the countdown to the last day of the Fed’s December interest rate decision, a burst of U.S. PPI data on Tuesday (December 14) once again consolidated the market’s expectations that the Fed will issue a hawkish statement this week. U.S. Treasury yields in each cycle rose across the board on Tue...Read more »
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The US Federal Reserve announced on November 3 that it would reduce the scale of asset purchases by $15 billion from late November and adjust the speed of debt purchases as appropriate to reduce the stimulus to the market. At the same time, the Federal Reserve maintains the target range of the fe...Read more »
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Kuwait and Iraq will support the plan to increase oil production by 400,000 barrels per day at the OPEC+ meeting on Thursday, even though the United States once again called for an increase in oil supply to cool rising oil prices. Kuwait’s Oil Minister Mohammad Abdulatif al-Fares said on Monday t...Read more »
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London Metal Exchange copper stocks hit their lowest level since 1974 on Oct 15 as a sharp escalation in global supply tensions sent copper spreads soaring, pushing prices to their biggest weekly gain since 2016 (9 per cent) and back above $10,000 a tonne. Metals in Europe warehouse orders after ...Read more »
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The supply of calcium carbide has been tight for a long time, and the price has been rising gradually. At present, the cost pressure of PVC manufacturers using calcium carbide is obvious, and the calcium carbide arrival of some PVC manufacturers is unstable, so the purchase price has been increas...Read more »
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Recent coking coal, coke prices led the futures market, some aluminum, tin and other non-ferrous metals, energy chemicals and some agricultural products and other commodity prices also have “good” performance, some commodity prices rushed to the high. This rally in commodities has a l...Read more »
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From January to July this year, China’s foreign trade maintained a rapid growth momentum, with a growth rate of 24.5 percent, the highest in a decade, Wang Wentao, minister of Commerce, said at a press conference held by the Information Office of The State Council on August 23. However, he ...Read more »