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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 -
The Dragon Boat Festival
The Dragon Boat Festival is just around the corner and is mainly considered to be a festival in honour of Qu Yuan.Here in Hebei, China, the customary celebratory activities include hanging mugwort, dragon boat racing, painting children with Xiong Huang, and most importantly – enjoying zongz...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 -
Latest Updates on the Cast Iron Industry
As of today, the exchange rate between USD and RMB stands at 1 USD = 7.1115 RMB (1 RMB = 0.14062 USD). This week witnessed an appreciation of the USD and a depreciation of the RMB, creating a favorable environment for commodity exports and foreign trade development. China’s foreign trade ha...Read more -
Chinese Companies Under the CBAM
On 10 May 2023, the co-legislators signed the CBAM regulation, which entered into force on 17 May 2023. CBAM will initially apply to the import of certain products and selected precursors that are carbon-intensive and have the highest risk of carbon leakage in their production processes: cement, ...Read more -
Welcome Australian Customers To Visit Our Company
On May 25, 2023, Australian customers came to visit our company. We expressed our warm welcome to the arrival of customers. Our company’s staff guided the customer to see the factory, as we introduced SML EN877 pipes and cast iron pipe fittings and other products in details. During this visit, ...Read more -
Happy Mother’s Day
There is a kind of love in the world that is the most selfless love; this love makes you grow, this love teaches you to be tolerant, and this selfless love is motherly love. A mother is as ordinary as they come, but a mother’s love is truly great. It doesn’t need to be demonstrated...Read more -
Happy May Day
International Labor Day, is a global holiday to collectively celebrate the accomplishments of the workforce. Countries around the world commemorate this day through various forms of appreciation and respect for laborers. Labor creates wealth and civilization, and workers are the creators of ...Read more