ShreeMetalPrices: China PMI manufacturing shrunk in Dec, with the worst economic growth since 2020.
China’s manufacturing activity fell for the third consecutive month in Dec. At the fastest rate in nearly 3 years. As COVID infections surged through manufacturing industry across country following Beijing’s rapid reversal of Zero-Covid policies. According to the National Bureau of Statistics, The official PMI decreased from 48.0 in November to 47.0 on Saturday. Economists […]
ShreeMetalPrices: India on Covid-19 Alert, will review the issue as cases surge in the US, China, and Japan
Following an increase in Covid-19 infections in the US, Republic of Korea, Brazil, & China, Health Minister Mansukh Mandaviya is expected to assess the country’s coronavirus status on Wednesday, December 21. Senior officials and specialists would most likely meet with Mansukh Mandaviya to discuss the Covid-19 situation in the nation. According to official sources, Minister […]
ShreeMetalPrices: Copper Rises as Inventories Fall & China’s COVID-19 Curbs Weigh.
Due to low inventories, copper prices increased a little bit on Tuesday, although gains were restrain by China’s desire to uphold its stringent zero-COVID policy. As of 0755 GMT, the most traded December copper contract on the (SHFE) Shanghai Futures Exchange was up by 0.3% at 65,780 yuan ($9,061.11) a metric tonl. While the 3 […]
ShreeMetalPrices: China will Provide Ample Monetary Abode to Maintain Supply Chain.
A senior central bank executive said at a symposium in Shanghai on Saturday that China would provide the proper monetary environment to maintain supply chain stability while keeping its conservative monetary policy flexible. The statements by Xuan Changneng, deputy governor of a People’s Bank of China (PBOC). Came as COVID-19 outages have put the pressure […]