China’s steel makers expect profits to bounce back for the first half of the year to mirror rising steel prices, reported Caixin. Strong demand for steel amidst production cuts have resulted... Read more
Oil giants Sinopec and PetroChina both expect a rise in net income for the first six months of the year due to rising crude oil prices as the global economy improves, reported Bloomberg. Sin... Read more
The price of coking coal, a key material for China’s large steel making industry, surged amidst Beijing’s efforts to control commodity prices, reported the Financial Times. The price of Chin... Read more
Copper, aluminum, and zinc will be released from China’s national strategic reserves for the first time in over a decade, announced the National Food and Strategic Reserves Administration, r... Read more
In a step towards increasing the pricing power over globally traded commodities and opening up financial markets, China launched the yuan-dominated crude oil option contracts which are the f... Read more
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