The pandemic, from Delta to Omicron, continued to spread worldwide in 2021. Many major cities were locked down multiple times, which affected the local economy; to react, the governments launched fiscal policies to stimulate their economies. Since the third quarter, the world has faced inflation. Many emerging market countries raised their interest rates in the first two quarters, which were further raised in the third quarter. Developed countries such as Norway and South Korea raised their interest rates for the first time. In the fourth quarter, interest rates in emergingSEE DETAILS

In 2020, COVID-19, which suffered a hundred years of experience, has a cumulative global death toll of over 2 million, which has a major impact on the global manufacturing industry, but it is a big bull market for commodities. Central banks in various countries have launched loose monetary and fiscal policies to stimulate their economies. As China takes the lead in controlling the epidemic, China’s import of bulk commodities will reach a new high in 2020.In 2020, the price of iron ore has reached a new high in the pastSEE DETAILS

In the first half of 2019, due to the sharp rise in the price of imported Iron ore, the high fluctuation in the price of Coal, Coke, Scrap and other raw materials, and the increase in environmental protection costs, the production costs of steel enterprises rose sharply and their benefits decreased significantly. on Dec 27, 2019, the national bureau of statistics released statistics showing that profits from ferrous metal smelting and rolling processing fell 42.3 percent year-on-year in the first 11 months.In 2018 More than 50 percent of Chinese aluminumSEE DETAILS

The 2018 Global economic situation underwent big changes, economic markets are in turmoil. Chinese inland policies are being issued continually; stocks, funds and bonds are at the lowest value in the end of year, and steel / non-ferrous metal are also at a low level. Mar. 8th received sad news about a fire on board the MV Maersk Honam 806W. We immediately sent official notice to PICC Insurance Claim Department, and required PICC authorize the third party inspection company SGS to perform a joint survey at the unloading port; finally inspection result was met with contract specification, not immersed by water, and the buyer effected the payment, the processing is 6 months. Apr. 24th we attended the 2018 Chinese Silicon Industry Chain Summit, having meeting with industry professionals....

The year 2017 was seller's market, it was effected by China's reform of the supply front, Industrial enterprises above designated size realized profit amount increased 21% from last year, including State-owned enterprise realized profit amount increased 45.1% from last year. the best improve is raw material industrial, for example Mining industry increased double, Ferrous pressing and smelting increased 1.8times. Industrial enterprise's leverage ratio has big improvement, going up raw material price: from Feb Calcined petroleum coke with Mid Sulphur only supplied to inland Aluminium smelting plants due to excessive production capacity. in the end of Jun Graphite electrode increased for big range, it impact the price of Petroleum coke going up. from in the end of Jun to end of Ju...