During the period, the city's trade with the ASEAN countries and Mexico both rose by nearly 10 percent. It also reported positive trade growth with other major trading partners, including the European Union, Britain, Japan and the Republic of Korea. Enditem … [Read more...] about China’s Shenzhen sees foreign trade volume up 2 pct in Jan.-Aug.
Asean china trade volume
The easing of lockdowns by China's major trading partners has helped drive China's export growth recently, while the country's surging shipments to members of the Association of Southeast Asian Nations and exports of anti-epidemic materials also powered the growth momentum last month, said Yu Jianlong, secretary-general of the China Chamber of International Commerce. … [Read more...] about Foreign trade results better than expected
The next quarter will be better than this quarter because the big impact of Muri will not be there. I think we will see better results in Q2, says Satish Pai, MD, Hindalco. Excerpts from an interview with ETNOW.Aluminium prices have been coming down as has copper prices. Is that why you have shut down your Muri copper plant?There has been a 21% drop in aluminium prices year on year. In case of copper, it was just a planned maintenance shutdown. So, it had nothing to do with the price of copper per se. For us, the downside has been the aluminium LME. The world over some of the global aluminium majors as well like Alcoa etc, are either cutting growth forecast or are saying that the deficit would not be as large as we estimated it to be earlier which is obviously not good news again for aluminium. Do you think that LME aluminium prices could perhaps go lower from here or are we at a bottom?The deficit is around roughly a million tonnes, largely coming from outside China. Now the reason … [Read more...] about Aluminium price to go up only if trade war is over and growth picks up: Satish Pai, Hindalco
CHANGSHA, Sept. 13 (Xinhua) -- Central China's Hunan Province saw its foreign trade rise 8.4 percent year-on-year to more than 292 billion yuan (about 42.54 billion U.S. dollars) from January to August this year, according to local customs. … [Read more...] about China’s Hunan sees robust foreign trade