SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE

Highlights –

• Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
• Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
• Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...

TONS OF FROZEN SEAFOOD IMPORTS TESTED UPON FOR COVID-19 IN CHINESE PORT CONGESTION DILEMMA

• A huge stack of fish supplies at a Chinese port threatens hitting shipments of frozen food across the country and beyond.
• Hundreds of vessels are being detained in Dalian, a major port for seafood imports, as local authorities conduct tests on the fish for coronavirus detection...

CHINA RECORDS HIGHEST NEW CORONAVIRUS CASES IN THREE MONTHS

Highlights:

• China has reported 101 new coronavirus cases on Wednesday, the highest single-day figure in three months.
• Gyms, bars, and museums were temporarily closed in China as they can be infection hotspots.
• Out of 101 new coronavirus cas...

CHINESE OFFICIALS URGES TO SHUT CNPC’S DALIAN REFINERY

Highlights:

• Vice governor of China’s northeastern province Liaoning appealed the central government to shut down the Dalian Petrochemical Corp. 
• Dalian Petrochemical Corp. is the subsidiary of China National Petroleum Corp. (CNPC). 

Iron ore futures in China increased 2.9% amidst tension in the Middle East

On Wednesday, Iron ore futures in China increased rising as much as 2.9% in market session, on expectations of strong restocking demand from mills ahead of local holidays.

The most active May contract for iron ore futures on the Dalian Commodity Exchange increased 2.7% to 684 yuan ...

Significance of novel technology highlighted by the UAE at the World Economic Forum

The government of United Arab Emirates took part in twelve key sessions of the World Economic Forum (WEF) which was held in Dalian, China, in the presence of over 1,900 entrepreneurs, government officials, and researchers over 100 countries. The Forum, held under the title ‘Leadership 4.0: Succee...