On 28 June, the RMB exchange rate rebounded slightly before going into depreciation mode again, with the offshore RMB falling below 7.26 against the USD at the time of writing.
China’s seaborne trade volumes rebounded, although not as high as expected earlier in the year. According to the Ministry of Transport, container throughput at China’s coastal ports rose by 4% in the first four months of 2023 compared to the same period in 2022. The overall foreign trade environment is still favourable.
Pig iron prices in China are currently slightly higher, with casting pig iron prices in Hebei at RMB 3,370 per tonne, up from last week’s prices.As a professional supplier, Dingsen keeps an eye on pig iron prices. Our hot cast iron products is cast iron pipe of EN877,SML bend.
Domestic steel market rose mainly, Tangshan reported 3520 yuan/ton. The market mentality has improved, the downstream terminal purchase inquiries positive, the market trading atmosphere is more active.
Stainless steel products have also been selling well recently, like our best selling products, stainless steel hose clamp （ worm drive clamp，band clamps）,pipe cap,repair clamp.
Post time: Jun-29-2023