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RMB Exchange Rate Changes
Last week, the yuan rebounded against the dollar, according to the content of the Politburo meeting, institutions generally believe that the exchange rate stability will receive more attention. A more critical point is the dollar, Beijing time last Thursday (27) at 2:00 am will usher in the Feder...Read more -
Hose Clamps Usage and Advantages
Hose Clamps may be small in size, but its applications are vast and varied. It can be adjusted to match the size of a screwdriver, which is crucial for property connections. The market offers three popular types of Hose Clamps – English style, Deku style and beauty style. The non-steel Hose Clamp...Read more -
Latest Steel Industry Consultancy
On July 19, the average price of 20mm grade 3 shock-resistant rebar in 31 major cities across the country was RMB 3,818/tonne, up RMB 4/tonne from the previous trading day. In the short term, is currently in the off-season demand, the market turnover situation is not stable, coupled with the rece...Read more -
China’s Export Demand Remains Unimproved in June
Following May, export growth was again negative in June, which analysts said was partly due to the lack of improvement in weak external demand, and partly because a high base in the same period last year suppressed export growth in the current period.2022 In June, the value of exports increased b...Read more -
Production Process Key Parameters Control System
In 2019, we passed the ISO9001 quality management system certification audited by BSI from UK, and had been controlling the quality of products completely in accordance with requirements. For example; 1. control of raw materials. Besides of the chemical property of iron, we also requires our fact...Read more -
Latest Industry News and Supply System
As of writing, the offshore yuan (CNH) was at 7.1657 against the dollar, while the onshore yuan was at 7.1650 against the dollar. The exchange rate rebounded, but the overall trend is still in favour of exports.At present, the price of pig iron in China is relatively stable, the price of Hebei ca...Read more -
Duffy Increases FAK Ocean Freight Rates on Asia-North Europe Route
Container exports from 18 Asian economies to the US fell about 21 per cent year-on-year to 1,582,195 TEUs in May, the ninth consecutive month of decline, according to JMC statistics this week. Among them, China exported 884,994 TEUs, down 18 per cent, South Korea exported 99,395 TEUs, down 14 per...Read more -
Latest Industry News
On July 6, the RMB exchange rate mid-rate was quoted at 7.2098, down 130 points from the mid-rate of 7.1968 on the previous trading day, and the onshore RMB closed at 7.2444 on the previous trading day. at the time of writing, the Shanghai export container integrated freight index released by the...Read more -
Latest Industry News
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 M...Read more -
The 2023 China Langfang International Economic and Trade Fair
The 2023 China Langfang International Economic and Trade Fair, co-hosted by the Ministry of Commerce, the General Administration of Customs and the People’s Government of Hebei Province, opened in Langfang on 17 June. As a leading cast iron pipe supplier, Dinsen Impex Corp was honored to be...Read more -
Impact of the Continued Decline in Sea Freight Rates
Supply and demand in the maritime market has reversed dramatically this year, with supply outstripping demand, in stark contrast to the “hard to find containers” of early 2022. After rising for a fortnight in a row, the Shanghai Export Container Freight Index (SCFI) fell below 1000 po...Read more -
Latest News
The US CPI data for May, which has received a lot of attention from the market, was released. The data showed that the U.S. CPI growth in May ushered in the “eleventh consecutive drop”, the year-on-year rate of increase fell back to 4%, the smallest year-on-year increase since April 2...Read more