Company News

• Copper price jumping a lot

  2022 / 07 / 08

  In May, domestic funds were obviously loose, and the domestic economic situation improved significantly. In June, the official manufacturing PMI returned to above 50 to 50.2, and the Caixin manufacturing PMI rose sharply to 51.7. Driven by the automobile industry, the domestic manufacturing industry recovered sharply and returned to the expansion range. Consumer prices in the United States continued to rise, and high inflation had a greater negative impact on American residents. However, the total amount of consumer spending in the United States was lower than expected, and the risk of stagflation increased significantly. On the European side, the Russian-Ukrainian conflict and sanctions against Russia have led to continued division within Europe. In terms of energy and carbon-related policies, there are obvious differences within the EU.

• Nickle Market price effect the stainless steel significantly

  2022 / 07 / 08

  Recession fears dominated the market, commodities fell collectively, and nickel prices also showed significant pressure. In terms of industry, the weak terminal demand continued to be transmitted upstream. The price of nickel ore in Indonesia dropped sharply, the transaction of ferronickel weakened this week, and the price of nickel continued to be under pressure. 1. ECB Deputy President Jean-Claude de Guindos said that if Russia cuts off natural gas supplies and the industrial sector has to adapt to energy shortages, the euro zone economy could fall into recession. 2. U.S. factory orders in May rose 1.6% month-on-month, expected to rise 0.5%, and the previous value was revised from a rise of 0.3% to a rise of 0.7%

• The rising oil price effects word economy

  2022 / 06 / 18

  According with latest investigation of IMF,the world economy has been declined significately since War between Russia and Ukraine.The oil price of China has been rised up the price 8 times integated international oil market prices the begining of 2022..The inflatiation of word and the commoditities accoss the countries would bring more serious question effecting all directions of people life.