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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 -
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 -
RMB Depreciation; High Inflation in Argentina; etc
Yesterday, the offshore yuan against the dollar, the euro depreciation, appreciation against the yen The offshore RMB depreciated slightly against the US dollar yesterday. As of press release, the offshore RMB against the US dollar was at 6.8717, down 117 basis points from the previous trading da...Read more -
“Project is urgent! Pipes are desperately needed! Can’t deliver on time?” Let’s See How the Contradiction Said
The cast pipe made by the centrifugal casting process is often used in construction drainage, sewage discharge, civil engineering, road drainage, industrial wastewater and other projects. The buyers usually have large demand, urgent demand and high requirements for pipeline quality. Therefore, wh...Read more -
Understand The international Situation Do a Good Job of High-Quality Cast Iron Pipe Outlet
Yesterday, the offshore yuan against the dollar, the euro depreciation, appreciation against the yen The offshore RMB depreciated slightly against the US dollar yesterday. As of press release, the offshore RMB against the US dollar was at 6.8717, down 117 basis points from the previous trading da...Read more -
Before and After the Spring Festival, Coke Price Trend How
As we approach the Spring Festival, Dingsen is closely monitoring the fluctuations of the futures market and keeping track of financial changes. Despite the downward pressure on futures prices due to Australian coal imports, our iron ore and rebar futures are remaining strong and maintaining a po...Read more -
Before and after the Spring Festival, Coke Price Trend How
Before the Spring Festival , the “double coke” futures price was impacted by the expectation of Australian coal imports out of the stage decline, but iron ore, rebar and other futures varieties were not dragged down, maintaining a strong trend. Subsequently, the “double focus&...Read more