• Hi, please login. Free Register Client Center
    Packages Subscription Shopping Cart
    Favorite
    Online Support
    APP

    China's steel PMI up 2.6 to 48.2 in Nov

    sxcoal.com General 2023-11-30 13:12:45

    The Purchasing Managers' Index (PMI) in China's steel sector, an economic indicator for the industry, rose to 48.2 in November, according to the latest data released by the China Steel Logistics Professionals Committee (CSLPC).

     

    The figure was 2.6 higher than the previous month and marked the end of three-month trend of hovering around 45, indicating a positive stabilization in the steel sector in a short term.

     

    The index for production increased 4.6 month on month to 48 in November, ending the three-month sequential decline. The rebounded market demand, uptick of enterprises' production willingness and loosened production curb policies in heating season contributed to the slightly increase of steel production.

     

    New order index witnessed a rise of 4.7 to 49.7 month on month in November, marking a three-month sequential increase. The demand of domestic steel market recovered compared to October supported by a package of measures including the issuance of 1 trillion yuan in special treasury bonds.

     

    CSLPC expects steel demand to moderately contract in December with dropping temperature. Raw material prices are predicted to continue the decline, while steel prices are likely to retreat from high levels. And the steel production is expected to return to a downward trend.

     

    (Writing by yan.sun  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

    Share this article
    Connect with us

    All rights reserved. No reproduction is allowed without written permission.

    Related Articles

    Editor's Pick

    1 China's portside thermal coal edges up on demand 2024-02-01

    China's portside thermal coal prices rose modestly, driven by increased demand amid frigid air. Market sources suggested this may be the last opportunity for sellers to raise prices before the Chinese

    2 China's coke prices stay range-bound; Mongolian coking coal auction volumes fall 2024-02-01

    China's coke prices remained basically unchanged despite an upbeat bias on concerns about weather-related supply disruptions, according to market sources. Coking coal prices in key producing regions w

    3 Vale Q4 iron ore output up 10.6% on yr 2024-02-01

    Brazil's mining giant Vale reported a solid rise in fourth-quarter iron ore production, achieving a rough balance with sales.The company's iron ore production totaled 89.39 million tonnes over the qua

    4 Turkey Dec coal imports up 6.24% on mth 2024-02-01

    Turkey imported 3.64 million tonnes of coal in December 2023, falling 13.32% from the preceding year yet rising 6.24% from a month earlier, showed the country's trading statistics.The value of coal im

    5 China advances energy security while promoting clean transition 2024-02-01

    As China's economy continues to grow and new energy installations increase significantly, ensuring a stable energy supply, particularly electricity, becomes more important.In this new era, how to guar

    6 China futures market updates at close (Feb 1) 2024-02-01

    Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

    7 China Coal Daily Track (Feb 1) 2024-02-01

    Thermal coalProduction area Thermal coal prices in main producing regions rose moderately. Medium, large state-owned mines maintained normal production, while small and private mines mostly suspended

    8 Mongolia to start building cross-border coal railway in Apr 2024-02-01

    Mongolia has decided to start construction of a key cross-border coal railway in April, Mongolian media reported on January 30, one step closer to achieve rail transport from its largest coal minefiel

    9 India Apr-Dec steel imports hit 5-yr peak 2024-02-01

    India's finished steel imports rose 26.4% year on year to a five-year high of 5.6 million tonnes during the April to December period of the fiscal year 2023-24 (April 2023-March 2024), according to pr

    10 Mongolia Dec coal exports up 53.1% YoY, customs 2024-02-01

    Mongolia's coal exports totaled 66.70 million tonnes in the full year of 2023, surging 35.02 million tonnes or 110.51% year on year, according to the latest data from the Mongolian Customs General Adm

    Most Read Articles

    1 QHD, N ports' coal stocks fall further at slower pace 2024-01-29

    Coal inventory at China's major transshipment port of Qinhuangdao was fluctuated to move down last week with a narrowed rate. The daily inflows, which were restrained by reduced rail and road shipment

    2 Coal mine accident in India kills at least six; critically injures four 2024-01-29

    At least six workers were confirmed dead and four critically injured in a fire accident inside an illegal coal mine in India's Nagaland on January 25, reported Xinhua News Agency, citing local media.T

    3 China met coal market in figures (Jan 29) 2024-01-29

    China coking coal, met coke and steel market key figures in focus.

    4 Vietnam Dec coal output down for 2nd mth 2024-01-29

    Vietnam's coal production declined for the second straight month in December 2023, falling below 4 million tonnes, according to the latest data from the General Statistics Office (GSO).Vietnam produce

    5 China's installed power capacity up 13.9% YoY by end-Dec, NEA 2024-01-29

    China's installed power generation capacity reached 2.92 TW by the end of December 2023, a 13.9% rise from a year earlier, showed data from the National Energy Administration on January 26.This came a

    6 China's coal mining and washing industry profits down 25.3% YoY in 2023 2024-01-29

    Profits of China's coal mining and washing industry totaled 762.9 billion yuan ($106.2 billion) in 2023, down 25.3% from a year earlier, according to data from the National Bureau of Statistics (NBS).

    7 Weekly: China's coking coal prices rebound on pre-holiday purchases 2024-01-29

    Chinese coking coal prices, especially premium grades, edged up last week, thanks to pre-holiday restocking from coking plants. As the Spring Festival approaches, private mines are planning to start t

    8 China's CBM output rises 20.5% in 2023 2024-01-29

    China's coalbed methane (CBM) production increased 20.5% year on year to 11.77 billion cubic meters in 2023, accounting for around 5% of the country's total natural gas supply, said China's top energy

    9 Jinneng Holding reports lower revenue and profit for 2023 2024-01-29

    Chinese coal producer Jinneng Holding Group reported a fall in annual revenue and profit for 2023, according to a meeting held by the company recently.The producer generated revenue of 502.4 billion y

    10 Weekly: China PCI coal market stabilizes amid weak activity 2024-01-30

    China's PCI coal prices stabilized last week, interrupting the previous downtrend. This shift was attributed in part to purchases from some end-buyers and an increasing number of miners heading for th

    Follow Us

    coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal

    Privacy Policy | Terms of Use | Site Map | About Us | Contact Us | Join Us

    Shanxi Fensheng Information Services Co., Ltd.

    Phone：+86-351-7219322  （Business Hours 08:30-18:00 GMT+8）

    Fax：+86-351-4728543    

    中文字幕在线播放