Chinese factory activity falls the first time in almost a year
7 years, 10 months ago

Chinese factory activity falls the first time in almost a year

ABC  

China's factories slipped back into contractionary territory in May as tighter credit conditions take effect and more workers are laid off. Operating conditions for manufacturers in the world's second largest economy deteriorated for the first time in almost a year, according to new data from the Caixin purchasing managers' index. Iron ore and coal prices tumble again Capital Economics Julian Evans-Pritchard said the contractionary nature of the Caixin numbers is likely to spark concerns both among global investors and domestic policymakers. The news further soured sentiment on major commodities markets in China, with iron ore futures on the Dalian market tumbling another 4 per cent to a six-month low on early trade. The fall follows a 6 per cent decline in the previous day's trade, taking iron ore well into "bear" territory.

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History of this topic

Tracking China's economy and commodity needs is getting harder
2 weeks ago

Tracking China's economy and commodity needs is getting harder

The Hindu  

Gavin Maguire Until 2020, commodities traders and economists needed only a handful of data points to gauge the health and direction of China's economy, and the volumes of raw materials needed to fuel the world's largest trading partner and goods producer. Old timers In the good old days, commodity traders needed only a quick glance at China's imports of crude …

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows
2 months, 3 weeks ago

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Hindustan Times  

BEIJING, - China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday. China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows The Caixin/S&P Global services …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
4 months ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

Plummeting iron ore prices on back of China's property crisis could wipe $3b from federal budget
7 months, 2 weeks ago

Plummeting iron ore prices on back of China's property crisis could wipe $3b from federal budget

ABC  

Plummeting iron ore prices could cost the federal government $3 billion in revenue, which is likely to push the budget further into deficit this financial year. Labor facing prospect of less revenue The Treasury often makes conservative forecasts on iron ore prices, which has meant the federal government has regularly received more revenue than it planned for. But now, with …

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead
8 months, 1 week ago

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead

ABC  

As the world looks on entranced at the drama playing out in Washington, an equally significant but far less visible event has been unfolding in our very own time zone. China's trade trap US presidential hopeful Donald Trump points to China's trade surplus as a deliberate attempt by Beijing to take advantage of Americans, to create a common enemy. China's …

China’s manufacturing activity contracts for 5th straight month despite policy support
1 year, 1 month ago

China’s manufacturing activity contracts for 5th straight month despite policy support

Associated Press  

HONG KONG — Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers released Friday, reflecting persistent weakness in the economy ahead of annual legislative meetings where officials are expected to boost policy support. February’s reading comes in spite of Beijing’s recent measures to shore up the economy, including reducing a …

Beware a Chinese Fall Stall
1 year, 5 months ago

Beware a Chinese Fall Stall

Live Mint  

In July, when worries about China’s economic recovery were first beginning to percolate more widely, analysts fixated on a curious bit of language from the Politburo: the recovery was developing in a winding, “wave-like" manner. For another, the two surveys sent conflicting signals on exports: the official factory PMI showed new export orders falling faster, but Caixin’s survey had the …

China's iron ore traders seek low-cost Indian supplies as steel margins slump
2 years, 4 months ago

China's iron ore traders seek low-cost Indian supplies as steel margins slump

The Hindu  

China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek out cheaper raw materials to cope with meagre profits, said traders and analysts. "We are looking to resume buying from India after six months of suspension," said a Shanghai-based iron ore trader who booked some cargoes of Indian pellets for …

China’s factory slowdown worse than expected
2 years, 5 months ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

PMI: China is mining much more coal again and that’s boosting its factories
3 years, 4 months ago

PMI: China is mining much more coal again and that’s boosting its factories

CNN  

Hong Kong CNN Business — China’s economy is finally getting some good news: Its big factories are staging a recovery as a power crunch that held back production starts to ease because of a big jump in coal supply. He added in a statement accompanying the data that policymakers “should still focus on supporting small and midsize enterprises.” Even so, …

How China's hard landing could expose Australia as a one-trick export pony hitched to one wagon
3 years, 4 months ago

How China's hard landing could expose Australia as a one-trick export pony hitched to one wagon

ABC  

We'll never know for sure how he did it. It also would have lit the fuse on a debt time bomb that has engulfed other major developers and plunged China's $US5 trillion property sector into a crisis that threatens to spill over into the Middle Kingdom's financial system and the global economy. Since May, iron ore prices have slumped 60 …

China PMI: The country’s factories just had a historically terrible month because of the coronavirus
5 years, 1 month ago

China PMI: The country’s factories just had a historically terrible month because of the coronavirus

CNN  

Hong Kong CNN Business — China’s factories are reeling from the novel coronavirus outbreak. The media group Caixin said Monday that China’s manufacturing purchasing managers index sank to 40.3 in February, down from January’s 51.1 and the lowest reading since the survey began in 2004. The Caixin survey came days after the Chinese government reported that its official manufacturing PMI …

China heads for a trade recession as exports crash 20pc, and that's bad news for Australia
6 years ago

China heads for a trade recession as exports crash 20pc, and that's bad news for Australia

ABC  

China's export effort appears to have finally cracked under sustained pressure from US tariffs and a slowdown in global trade Key points: China's trade surplus with the US halved as tougher tariffs took their toll Weak imports point to a domestic economy cooling rapidly China's appetite for iron ore hit a 10 month low Exports in US dollar terms fell …

Metals: Slowdown triggers earnings cuts with no bottom in sight yet
6 years, 2 months ago

Metals: Slowdown triggers earnings cuts with no bottom in sight yet

Live Mint  

Even as the stimulus by China is yet to take effect, concerns are being raised about its impact and the possible support it can provide to commodities, especially metals. “Falling steel prices in the domestic market, rising steel production in China, depreciating CIS currencies which make exports viable at much lower US$ prices and entry of new players in the …

China trade disappoints with imports and exports both slowing in July
7 years, 7 months ago

China trade disappoints with imports and exports both slowing in July

ABC  

Chinese imports and exports slowed unexpectedly in July, casting doubts about the vigour of its recent economic performance. Key points: China's trade surplus widened to $US46.7 billion despite slowing imports and exports Weaker than expected figures dragged down regional exchanges and commodity prices Iron ore imports fell 8.9pc in July pointing to a slowing demand While imports grew for the …

Caixin service PMI falls to six-month low in March
7 years, 11 months ago

Caixin service PMI falls to six-month low in March

China Daily  

BEIJING - China's service sector continued to slow in March, as a private survey showed Thursday that an index for the sector fell to a six-month low. The Caixin General Services Purchasing Managers' Index slipped to 52.2 in March from 52.6 in February, according to the survey conducted by financial information service provider Markit and A reading above 50 indicates …

China Caixin manufacturing PMI rebounds in Sept
8 years, 6 months ago

China Caixin manufacturing PMI rebounds in Sept

China Daily  

A worker welds at a construction site in Yiliang, Yunnan province, February 28, 2015. BEIJING - The Caixin General China Manufacturing Purchasing Managers' Index, a private gauge of Chinese manufacturing activity, improved slightly in September, in the latest sign the world's second-largest economy is stabilizing. The Caixin manufacturing PMI edged up to 50.1 in September from a reading of 50 …

China's producer prices drop 0.8% in August
8 years, 6 months ago

China's producer prices drop 0.8% in August

China Daily  

BEIJING - China's producer price index, which measures costs for goods at the factory gate, posted a milder decline in August due to a low comparison base, official data showed. The PPI dropped 0.8 percent year on year in August, a narrower decrease than the 1.7 percent in July, the National Bureau of Statistics said Friday. Producer prices for ferrous …

China's August PMI slightly up to 50.4
8 years, 7 months ago

China's August PMI slightly up to 50.4

China Daily  

A man works at a factory in Qingdao, Shandong province. BEIJING - Activity in China's manufacturing sector expanded in August due to a recovery in market demand and a rebound in production, official data showed Thursday. "China's economy showed signs of resilience in August, as the main business surveys showed the manufacturing sector between stability and moderate expansion," said Bloomberg …

Chinese govt discourages iron, steel exports amid lackluster demand
8 years, 8 months ago

Chinese govt discourages iron, steel exports amid lackluster demand

China Daily  

Workers load steel products at a logistics park in Yichang, Hubei province. The Chinese government has been discouraging iron and steel exports in the midst of lackluster demand in the global market, the Ministry of Commerce said on Tuesday. In the first five months of the year, China's exports of iron and steel increased by 6.4 percent year-on-year, stirring further …

China's service industry solid despite fall in PMI index
8 years, 10 months ago

China's service industry solid despite fall in PMI index

China Daily  

A key private gauge of services activity indicates the industry has continued to expand in April. The index, compiled mainly based on survey of small and medium-sized enterprises, is roughly in line with Sunday's official services PMI, which came in at 53.5 for April, down from 53.8 in March. According to a news release by Markitt, a research firm that …

China's manufacturing activity rebounds to nine-month high
8 years, 10 months ago

China's manufacturing activity rebounds to nine-month high

China Daily  

BEIJING -- China's manufacturing activity rebounded in March to its highest level since last August, thanks to the government's continued structural reforms, official data showed on Friday. A separate survey by financial information service provider Markit, The Caixin General China Manufacturing Purchasing Managers' Index, an indicator of manufacturing activity, rose to 49.7 in March from 48 in February. To help …

China's manufacturing activity rebounds to nine-month high
8 years, 10 months ago

China's manufacturing activity rebounds to nine-month high

China Daily  

BEIJING -- China's manufacturing activity rebounded in March to its highest level since last August, thanks to the government's continued structural reforms, official data showed on Friday. A separate survey by financial information service provider Markit, The Caixin General China Manufacturing Purchasing Managers' Index, an indicator of manufacturing activity, rose to 49.7 in March from 48 in February. To help …

Chinese steelmakers suffer heaviest loss in 2015
8 years, 11 months ago

Chinese steelmakers suffer heaviest loss in 2015

China Daily  

A worker walks past a pile of steel pipe products at the yard of Youfa steel pipe plant in Tangshan in China's Hebei Province, November 3, 2015. BEIJING - Chinese steel producers experienced their worst year in 2015, with combined losses in primary business soaring 24-fold from 2014 to over 100 billion yuan, an industry association said on Thursday. The …

China's manufacturing activity rebounds to nine-month high
9 years ago

China's manufacturing activity rebounds to nine-month high

China Daily  

BEIJING -- China's manufacturing activity rebounded in March to its highest level since last August, thanks to the government's continued structural reforms, official data showed on Friday. A separate survey by financial information service provider Markit, The Caixin General China Manufacturing Purchasing Managers' Index, an indicator of manufacturing activity, rose to 49.7 in March from 48 in February. To help …

Coal companies shift in direction to battle slump
9 years ago

Coal companies shift in direction to battle slump

China Daily  

Workers at a coalmine in Huaibei, Anhui province. From beef sales to online gaming, troubled companies search for alternative opportunities for investment Loss-making coal companies are diversifying their business portfolios, some in imaginative ways, as China pushes on toward structural reform aimed at reducing industrial overcapacity. The ongoing global slump in commodity and oil prices weighed heavily on the stock …

China's manufacturing, service activities both contract
9 years, 1 month ago

China's manufacturing, service activities both contract

China Daily  

A worker cuts steel bars on the production line of a mill in Lianyungang, Jiangsu province. BEIJING - China's manufacturing activity contracted for a seventh straight month in February, in a sign of persistent economic weakness, official data showed on Tuesday. The index fell to its lowest level since August 2012, as China is seeking new economic growth engines amid …

Chinese manufacturing contracts for tenth straight month
9 years, 2 months ago

Chinese manufacturing contracts for tenth straight month

ABC  

Chinese manufacturing has contracted for a tenth straight month, as new export orders started falling again. After expanding briefly in November, the output sub-index fell back to 48.7, while new orders also fell for the sixth straight month, pointing to a soft outlook. New export orders also fell back into contraction after two positive months. The ASX 200 index was …

End of China’s super-boom spells pain, no end seen yet
9 years, 2 months ago

End of China’s super-boom spells pain, no end seen yet

The Hindu  

A decade-old commodity boom came crashing to an end in 2015, hurting energy and mining companies as China's industrial rise and appetite for raw materials slowed. Among industrial commodities, iron ore prices have tumbled 40 per cent 2015 this year due to global oversupply and shrinking Chinese steel demand, for a third year of losses, and the rout is seen …

China's producer prices fall for 45th month
9 years, 3 months ago

China's producer prices fall for 45th month

China Daily  

BEIJING - China's producer prices fell for the 45th straight month but at a narrower rate against market expectation, data from the National Bureau of Statistics showed on Wednesday. The producer price index, a measure of costs for goods at the factory gate, dropped 5.9 percent year on year, and the decline was slightly less than the 6-percent market forecast …

Iron ore demand to fall further next year
9 years, 3 months ago

Iron ore demand to fall further next year

China Daily  

A worker at a steel plant in Dalian, Liaoning province, weighs alloy strips. Iron ore demand is expected to fall further in China next year as the country continues to scale down steel output, according to forecast by an industry organization on Monday. Demand for iron ore will fall by 4.2 percent in 2016 from a year ago, said the …

Chinese steel companies report overall loss in first ten months
9 years, 3 months ago

Chinese steel companies report overall loss in first ten months

China Daily  

BEIJING - China's large and medium-sized steel mills suffered a loss of 72 billion yuan in the first ten months of 2015, according to China Iron and Steel Association. Of the 101 steel mills tracked by CISA, the average sales margin stood at minus 1.5 percent during Jan-Oct period, the worst of the year, said the CISA report. In the …

Chinese steel companies report overall loss in first ten months
9 years, 3 months ago

Chinese steel companies report overall loss in first ten months

China Daily  

BEIJING - China's large and medium-sized steel mills suffered a loss of 72 billion yuan in the first ten months of 2015, according to China Iron and Steel Association. Of the 101 steel mills tracked by CISA, the average sales margin stood at minus 1.5 percent during Jan-Oct period, the worst of the year, said the CISA report. In the …

As financial firms weaken, stocks lose steam
9 years, 4 months ago

As financial firms weaken, stocks lose steam

China Daily  

Prospects of reforms over the next five years limit losses even as 'new economy' shares rally on link hopes Share prices dipped on Tuesday after financial firms weakened and failed to drive gains in the broad market, but losses were limited on prospects of economic and financial reforms. The CSI300 index of the largest listed companies in Shanghai and Shenzhen …

Coal firms in the red as prices fall
9 years, 4 months ago

Coal firms in the red as prices fall

China Daily  

Workers unload coal for power generation at a railway station in Nanchang, Jiangxi province. Among all the listed coal firms, Shaanxi Coal Industry Co Ltd was the worst-hit in the sector after it posted losses of 1.8 billion yuan in the first nine months. Growth slowdown, poor power consumption and lower increase in profits seen as key reasons More than …

Caixin China manufacturing PMI rebounds in October
9 years, 5 months ago

Caixin China manufacturing PMI rebounds in October

China Daily  

A worker welds at a construction site in Yiliang, Yunnan province, February 28, 2015. BEIJING - The Caixin General China Manufacturing Purchasing Managers' Index, an indicator of manufacturing activity, moved up to 48.3 in October, the highest level since June this year, a private survey showed Monday. In October, the sub-index for new export orders in the manufacturing sector returned …

China steel head says demand slumping at unprecedented speed
9 years, 5 months ago

China steel head says demand slumping at unprecedented speed

Live Mint  

Beijing: If anyone doubted the magnitude of the crisis facing the world’s largest steel industry, listening to Zhu Jimin would put them right, fast. “Although China has cut interest rates many times recently, steel mills said their funding costs have actually gone up.” China’s mills -- which produce about half of worldwide output -- are battling against oversupply and sinking …

China steel output falls, prices retreat
9 years, 5 months ago

China steel output falls, prices retreat

China Daily  

BEIJING - Prices of steel products retreated in September despite falling output, underlining continued difficulties to digest supplies in the bloated sector, according to data from the National Development and Reform Commission. In the first three quarters, crude steel production dropped 2.1 percent year on year to 608.94 million tons, according to the NDRC. Notably, exports jumped 27.2 percent year …

Caixin flash PMI hits 78-month low in September[1]- Chinadaily.com.cn
9 years, 6 months ago

Caixin flash PMI hits 78-month low in September[1]- Chinadaily.com.cn

China Daily  

Workers assemble engines at a factory in Weifang, Shandong province. BEIJING -- The Caixin flash China general manufacturing PMI plunged to a 78-month low of 47.0 in September from 47.3 in August, suggesting continued downward pressure facing the world's second largest economy, a preliminary Caixin survey showed on Wednesday. The sub-index on manufacturing output retreated to a 78-month low of …

Caixin flash PMI hits 78-month low in September[1]- Chinadaily.com.cn
9 years, 6 months ago

Caixin flash PMI hits 78-month low in September[1]- Chinadaily.com.cn

China Daily  

Workers assemble engines at a factory in Weifang, Shandong province. BEIJING -- The Caixin flash China general manufacturing PMI plunged to a 78-month low of 47.0 in September from 47.3 in August, suggesting continued downward pressure facing the world's second largest economy, a preliminary Caixin survey showed on Wednesday. The sub-index on manufacturing output retreated to a 78-month low of …

China's August PPI down 5.9%
9 years, 6 months ago

China's August PPI down 5.9%

China Daily  

BEIJING - China's producer prices continued to fall in August, pointing to looming deflation risk, data from the National Bureau of Statistics showed Thursday. The producer price index, a measure of costs for goods at the factory gate, fell 5.9 percent year on year in August, widening from the 5.4-percent drop seen a month earlier. In a sign of weak …

China's crude steel output continues to fall
9 years, 6 months ago

China's crude steel output continues to fall

China Daily  

BEIJING - China's crude steel output continued to decline after recording its first half-year drop in two decades, the latest data from the country's top economic planner showed. Crude steel production dipped 1.8 percent year on year to 476 million tons in the first seven months of 2015, compared with a 2.7 percent increase in the same period of last …

China July factory activity falls to 15-month low: flash PMI
9 years, 8 months ago

China July factory activity falls to 15-month low: flash PMI

Live Mint  

Beijing: China’s factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a preliminary private survey showed on Friday, a worse-than-expected result that should reinforce bets the struggling Chinese economy will get more stimulus. The flash Caixin/Markit China Manufacturing Purchasing Managers’ Index dropped to 48.2, the lowest reading since April last year and a …

Wall Street falls, iron ore plunges on China market rout
9 years, 8 months ago

Wall Street falls, iron ore plunges on China market rout

ABC  

Escalating fears about the Chinese share market rout have driven Wall Street sharply lower, with iron ore prices slumping to a decade low. The Chinese benchmark price for the metal fell more than 11 per cent overnight to $US44.10 a tonne; the price has dropped 25 per cent since the start of the month. In New York, the Dow Jones …

China meltdown singes Indian metal stocks; Vedanta tanks 9%
9 years, 8 months ago

China meltdown singes Indian metal stocks; Vedanta tanks 9%

Firstpost  

In current year so far, BSE Metal index has already shed nearly 18 percent as against 8 percent rise in 2014 While the Chinese stock market crash have triggered a massive sell-off in Indian equities since early trade, worries of a global meltdown in commodity prices amid slowing China’s economy singed the local metal stocks. In the current year so …

Weak demand keeps iron ore price low[1]- Chinadaily.com.cn
9 years, 11 months ago

Weak demand keeps iron ore price low[1]- Chinadaily.com.cn

China Daily  

Iron ore being unloaded at a port in Rizhao, Shandong province. Iron ore demand in China, the world's largest buyer of the steel-making raw material, is expected to remain weak as steel demand contracts. Iron ore demand in China, the world's largest buyer of the steel-making raw material, is expected to remain weak as steel demand contracts, according to the …

Miners set for falls as iron ore breaks below $US50 a tonne
10 years ago

Miners set for falls as iron ore breaks below $US50 a tonne

ABC  

The iron ore price dropped to a fresh low overnight and took resource stocks and the Australian dollar down with it. Resource stocks, including BHP Billiton, retreated 0.8 per cent hurt by the slide in iron ore and a downgrade from US broker JP Morgan. The FTSE 100 finished 0.6 per cent higher, helped by data that showed England's manufacturing …

Copper tumbles most in six years amid commodity price collapse
10 years, 2 months ago

Copper tumbles most in six years amid commodity price collapse

Live Mint  

Hong Kong/Singapore: Copper tumbled the most in almost six years as it followed other metals lower amid a collapse in commodities. “People have seen oil prices decline so much and now they’re targeting other commodities,” Ivan Szpakowski, an analyst at Citigroup Inc. in Hong Kong, said in an interview with Bloomberg TV on Wednesday. Copper is falling faster than most …

China gains from commodity slump as collapse spurs record imports
10 years, 2 months ago

China gains from commodity slump as collapse spurs record imports

Live Mint  

Beijing/Hong Kong: China is emerging a winner from the collapse in commodities prices to the lowest in 12 years as the world’s second-largest economy buys a record amount of raw materials. China’s overseas oil purchases increased 9.5% to 310 million tonnes last year, according to data released on Tuesday. “Some of the buying in China is definitely opportunistic.” Iron ore …

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