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Red Sea Turmoil: Disrupted Shipping, Ceasefire Efforts, and Environmental Hazards
The Red Sea serves as the quickest route between Asia and Europe. In response to disruptions, prominent shipping companies like the Mediterranean Shipping Company and Maersk have rerouted ships to the significantly longer path around Africa’s Cape of Good Hope, leading to increased expenses...Read more -
Big 5 Construct Saudi Draws Industry Attention in 2024
The Big 5 Construct Saudi, the kingdom’s premier construction event, has once again captured the attention of industry professionals and enthusiasts alike as it kicked off its highly anticipated 2024 edition starting from February 26 to 29, 2024 at the Riyadh International Convention & ...Read more -
Red Sea Container Shipping Down 30% Over Attacks, The China-Russia Rail Route to Europe is in High Demand
DUBAI, UNITED ARAB EMIRATES — Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen’s Houthi rebels continue, the International Monetary Fund said Wednesday. Shippers are scrambling to find alternative ways to transport goods from China to Euro...Read more -
Houthi Attacks in Red Sea: Higher Shipment Cost impact on cast iron pipe manufacturer export
Houthi Attacks in Red Sea: Higher Shipment Cost Due to Rerouting of Vessels Houthi militants’ attacks on ships in the Red Sea, which is claimed to be revenge against Israel for its military campaign in Gaza, are threatening global trade. Global supply chains could face severe disruption as ...Read more -
Invitation To The 134rd Canton Fair
Dear friends, We are excited to announce our participation in the 134rd Autumn #Canton Fair, This time, #Dinsen will meet you in the #building and construction materials exhibition area from 23rd to 27th #October. DINSEN IMPEX CORP is a supplier of high quality cast iron pipes, grooved pipe ...Read more -
The Impact of Shipping Price Fluctuations on Hose Clamp Industry
Recent data from the Shanghai Aviation Exchange reveals significant shifts in the Shanghai Export Containerized Freight Index (SCFI), with implications for the hose clamp industry. Over the past week, the SCFI experienced a notable decline of 17.22 points, reaching 1013.78 points. This marks the ...Read more -
RMB Exchange Rate Changes
As the offshore renminbi fell below 7.3, the onshore renminbi also approached this key psychological point step by step, and the signal of maintaining stability continued to heat up. First, the central parity rate released a stable signal, and in the past two weeks, a large state-owned bank enter...Read more -
Impact of Rising Spot Freight Rates on Hose Clamps in the Far East Route
The surge in spot freight rates along the Far East route is exerting notable effects on the hose clamp industry. Numerous liner companies have once again implemented General Rate Increases (GRI), leading to significant spikes in container shipping prices across the three major export routes in th...Read more -
Impact of Pig Iron Price Changes on Clamps
Pig iron costs in China fell last week. At present, the cost of ironmaking in Hebei is 3,025 yuan/ton, down 34 yuan/ton last week; the cost of cast iron in Hebei is 3,474 yuan/ton, down 35 yuan/ton last week. The cost of ironmaking in Shandong was 3046 yuan/ton, down 38yuan/ton last week; the cos...Read more -
Effect of Shipping Price Changes on Cast Iron Pipe
The spot freight rate in the U.S. line market has continued to rise for a month, and the largest weekly increase in the U.S.-West freight rate has reached 26.1%. Compared with the freight rates of US$1,404/FEU in West America and US$2,368/FEU in East America on July 7, the freight rates of Sha...Read more -
Impact of Steel Price Changes on Hose Clamps
Recently, China’s domestic pig iron market has risen steadily. According to the data, steel-making pig iron (L10): 3,200 yuan in Tangshan area, unchanged from the previous trading day; 3,250 yuan in Yicheng area, unchanged from the previous trading day; 3,300 yuan in Linyi area, up from the...Read more -
Impact of Steel Price Changes on Cast Iron Pipes
On the 1st, the price of 5# angle steel in Tangshan was stable at 3950 yuan/ton, and the current corner-billet price was 220 yuan/ton, which was 10 yuan/ton lower than that of the previous trading day. Tangshan 145 strip steel factory 3920 yuan / ton increased by 10 yuan / ton, and the price diff...Read more