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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 »
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After the release of the minutes of the Fed’s July meeting last week, eyes are already on Fed Chairman Jeroen Powell, who will appear at the central bank’s annual meeting in Jackson Hole on Friday, for clues on the road map to the outlook for asset purchases that could cause short-ter...Read more »
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The chip shortages that have hobbled carmakers and computer makers are getting worse. Us fintech firm Susquehanna International Group research shows that chip lead time (the time from order to delivery) increased by more than eight days from the previous month to 20.2 weeks in July, according to ...Read more »
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Southern Copper, one of the world’s largest copper producers, announced that its copper production fell 6.3% quarter-on-quarter to 237,110 tonnes in the second quarter of 2021. Southern Copper Missed quarterly production forecasts as the world’s fifth-largest miner dealt with the ling...Read more »
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World Health Organization (WHO) Director General Tedros Tedros said in Geneva on the 12, due to the novel coronavirus epidemic and vaccine supply imbalance, the global COVID-19 is facing a serious situation. “The mutant novel Coronavirus Delta strain is sweeping the world at an extremely ra...Read more »
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In May, the CPI and PCE both posted their biggest increases since 2008, the PPI posted its fastest year-on-year growth since records began in 2010, and the core CPI recorded its fastest increase since 1992. But the Fed keeps feeding the market the “inflation transitory narrative”, pla...Read more »