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CN Wire Profile picture
@Sino_Market
Oct 13, 2021 • 6 tweets • 9 min read • Read on X
Scrolly
#China's most active thermal #coal up 8.15%, coking coal up 3.66%, #coke up 4.12% in the Wednesday morning.
#China #commodities #futures ImageImage
Most-active Shanghai steel #rebar contract falls 3% in early trade.
#China #commodities #futures Image
#Manganese-silicon futures drops about 1.70%;
#Ferrosilicon futures down 0.39% on Wednesday.
#China #commodities #futures
@nid_rockz ImageImageImage
Most traded live #hog futures contract in Dalian rises 4% at 15,945.00 yuan/tonne in early trade.
#China #commodities #futures #pork Image
#China's most active #ironore futures in Dalian down more than 4%, #SGX iron ore drops over 3%.
#Commodities
China's most active #manganese-silicon futures and #ferrosilicon futures plummeted more than 9% in the morning. @nid_rockz
#China #commodities #futures ImageImageImage

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More from @Sino_Market

CN Wire Profile picture
Mar 9
⚡JUST IN:
China February
Annual CPI 0.7% [Est. 0.4% Prev. -0.8%]
Monthly CPI 1.0% [Est. 0.4% Prev. 0.3%]
Annual PPI -2.7% [Est. -2.5% Prev. -2.5%]
Monthly PPI -0.2% [Prev. -0.2%]
*The first rise in consumer prices since August.
#CPI #China #deflation #PPI #EconTwitter 🇨🇳
1/ threadImage
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CHINA CPI BREAKDOWN:
🔸February annual CPI rebounded sharply, the most since Sep. 2009.
🔸The core CPI rose by 1.2% y/y, vs 0.4% y/y in January, marking the highest increase since February 2022.
🔸Food prices dropped by 0.9% y/y, narrowed by 5 percentage points, due to Chinese New Year effects.
🔸Pork roses by 0.2% y/y, for the first time in 9 months.
🔸Vegetables and aquatic products have risen by 2.9%, and 4.1% from the decline in January.
#PPI #Industry #China #EconTwitter #OOTT #deflation 🇨🇳
CHINA PPI BREAKDOWN:
🔸PPI decline narrowed in February.
🔸PPI -0.2% m/m🟨, with a -0.2% input prices🟨 and a narrower decline in producer prices for consumption goods (-0.1%)🟨.
3/
 #PPI #Industry #China #EconTwitter #OOTT #deflation 🇨🇳

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Read 4 tweets
CN Wire Profile picture
Mar 7
⚡ China's Jan-Feb trade balance at 890.86 billion yuan:
#Exports +10.3% y/y, Prev. +3.8%
#Imports +6.7% y/y, Prev. +1.6%v
Trade balance at $125.16 bln in USD term
#Exports +7.1% y/y, Est. +1.9%
#Imports +3.5% y/y, Est. +1.5%
1/n #trade #economy 🇨🇳🇺🇸
⚡China exported and imported 6.61 trillion yuan(+8.7% y/y) of goods in yuan term or $930.86 bln(+5.5% y/y) in USD term in January and February.
2/n #China #trade #import #export #economy 🇨🇳🇺🇸
⚡#China's Jan-Feb #trade with
ASEAN +8.1% y/y to 0.993 trillion yuan
🇪🇺EU -1.3% y/y to 0.832 trillion yuan📉
🇺🇸US +3.7% y/y to 0.707 trillion yuan
🇰🇷S.Korea +2.9 % y/y to 0.337 trillion yuan
4/n #China #trade 🇨🇳
Read 5 tweets
CN Wire Profile picture
Dec 15, 2023
🧵10 Key Prediction For Chinese Economy in 2024 by Yuekai Securities #China
1) 2024 GDP growth to be set at around 5%.
Based on the average growth rates calculated from the base year of 2019, the two-year average growth rate for 2021 and 2022 is 5.3%, while the three-year average growth rate is 4.5%. It is projected that the four-year average growth rate for 2023 will be 4.7%. As long as the five-year average growth rate for 2024 sees a slight increase to 4.8%, the year-on-year growth rate for 2024 is expected to reach 5%. Of course, the recovery of the average growth rate relies not only on the inherent economic momentum but also on the support of growth-stabilizing policies.Image
2) The gap between social retail consumption in 2024 and the level of potential trend is expected to narrow once again. There are several factors contributing to this:
1. Accelerated nominal economic growth, which drives an increase in household income.
2. Continued recovery in the average consumer inclination, leading to improved income elasticity of consumption.
3. Ongoing relaxation of supply constraints in offline service industries, providing consumers with more consumption scenarios.
4. Support and stimulation of durable goods consumption through policies such as housing delivery and consumption promotion.
These factors combined are anticipated to contribute to the narrowing of the gap between social retail consumption in 2024 and the potential trend level.
#China #Consumption
Graph: There is currently a significant gap between social retail consumption and the pre-pandemic trend level.Image
3)The drag from real estate investment is diminishing, while infrastructure and manufacturing investment maintain high growth rates.
Graph: Faster growths in infrastructure investment and manufacturing investment offset the decline in real estate investment
🔵Completed fixed-asset investment
🔴Property investment
🟢Manufacture industry investment
🟣Infrastructure investment
It is projected that the growth rate of fixed asset investment will rebound to 4.9% in 2024, with real estate investment narrowing its decline to -3%, and manufacturing and infrastructure investment maintaining high growth rates of 6.6% and 8.5% respectively.

Firstly, the drag from the real estate sector is weakening. After nearly three years of market adjustments and continued efforts in real estate policies, the decline in real estate sales and investment will narrow. Projects such as urban village transformation will also contribute to this improvement.

Secondly, infrastructure investment continues to strengthen. Measures such as issuing 1 trillion yuan worth of government bonds by the end of 2023, a potential deficit ratio exceeding 3% in 2024, and policy-driven financial instruments provide support. Infrastructure investment is expected to have a strong start.

Thirdly, high-end manufacturing maintains high growth rates, benefiting from industrial upgrades, the need for industrial security, and focused support from financial resources. Looking at the usage of structural monetary policy tools by the central bank in the first three quarters of 2023, the support plan for housing delivery loans and special refinancing for real estate companies had respective quotas of 200 billion yuan and 80 billion yuan, but only added 5.6 billion yuan and 0 yuan respectively during the year. In contrast, tools supporting carbon emissions reduction, special refinancing for coal clean and efficient utilization, technological innovation refinancing, and equipment upgrading and renovation refinancing saw additions of 200.1 billion yuan, 181.3 billion yuan, 145.6 billion yuan, and 86.3 billion yuan respectively during the year. This reflects the enthusiasm of financial institutions in providing credit for areas such as technological innovation, advanced manufacturing, and green development.
#China #property #realestateImage
Read 10 tweets
CN Wire Profile picture
Oct 20, 2023
🧵Top 10 news about #China this week
About 50 Chinese state-owned companies are trying to bolster investor confidence by rolling out share buybacks or plans by big stockholders to expand their holdings after a series of other measures to prop up the stock market fell short. 1/10 Image
China's benchmark Shanghai Composite Index fell below the 3,000 threshold on Friday, hitting a new year-to-date low, as foreign investors’ outflow from the A-share market has entered an unprecedented stage.
🧵2/10

Image
Xi Jinping met Putin at the Third Belt and Road Forum and vowed to fully lift the restrictions on manufacturing for foreign investments. Putin sees Russian-Chinese trade to reach $200 billion by the end of the year. 3/10
#China #Russia 🇨🇳🇷🇺 Image
Read 8 tweets
CN Wire Profile picture
Oct 19, 2023
China's benchmark $SHCOMP is now few steps away from the psychological barrier of 3,000, last seen in Nov 2022.

The authorities have implemented at least 18 measures to support the stock market since August. Here's a quick recap.
1️⃣Stamp duty halved.
1/n
Image
2️⃣Securities Handling Fee cuts by three major exchanges.

3️⃣Regulation on reducing shareholdings by controlling holders intensified.
4️⃣Aggregate financing expanded in Aug and Sept.

2/n
5️⃣The pace of IPO slowdown

6️⃣Deposit interest rates cut

7️⃣Personal income tax optimized

8️⃣Existing mortgage rate cut

3/n


Read 6 tweets
CN Wire Profile picture
Aug 31, 2023
⚡JUST IN
#China August official #PMI
Manufacturing PMI 49.7 [Est.49.4 Prev.49.3]
Non-Manufacturing PMI 51.0 [Est.51.2 Prev.51.5]
Composite PMI 51.3 [Prev.51.1]
1/ #manufacturing #EconTwitter 🇨🇳

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NBS:
🔸Improvements in manufacturing activity in #China continued in August.
🔸New Order Index at 50.2%, up 0.7pps from June, back to the expansion zone as stable production and market demand improved.
2/ #manufacturing
NBS:
🔸Small business activity has improved.
🔸The large enterprise PMI rises to 50.8%, providing significant support to the overall #manufacturing industry.
🔸The medium-sized enterprise PMI +0.6 pps to 49.6%, and the small enterprise PMI +0.3 pps to 47.7%
3/ #China #PMI
Read 5 tweets

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