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- China spot steel inventories were down in late March
2. Steel consumption in March and April, when is traditional peak season, has been sluggish this year as the pandemic disrupted industrial activities.
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It is the last day of 2021, and tomorrow is a new beginning.
May all the unhappy things, such as sorrow, tears, bitterness, pass away,
May all the wonderful things, such as health, wealthy, happiness, come in 2022 as expected.
Happy New Year!
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The traditional Chinese lunar calendar divides the year into 24 solar terms. Minor Snow, (Chinese: 小雪), the 20th solar term of the year, begins this year on Nov 22 and ends on Dec 6.
Minor Snow refers to the time when it starts to snow, mostly in China’s northern areas, and the temperature continues to drop.
An ancient Chinese book about plants explains that “in Minor Snow, the weather is cold and it is going to snow, while the earth is not frozen enough and the snow is light.” The temperature in most areas in the north drops to zero degrees and below. Meanwhile, in the lower and middle reaches of the Yellow River, the average time of the first snow falls during the Minor Snow solar term. The snow is light and frozen at night, but melts quickly during the day.
Wearing hats and scarves
In China, starting in Minor Snow, the wind blows from the northeast a lot. Because it’s still not bitterly cold, many people do not wear hats or scarves yet. In fact, according to an old Chinese saying, “the head is the place where all passages of the body gather”. It’s sensible to keep one’s head warm.
On a whole, it is getting colder. Stay warm.
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The Chinese yuan has appreciated against the US dollar since June, and it hit its strongest level on 20 Oct, falling below 6.4 to the greenback.
The onshore yuan logged 6.3956 against the dollar in morning trading on 20th Oct, 0.2 percent stronger than yesterday’s close.
Swollen foreign exchange cash deposits and a strong export are considered as the reasons. And this trend will not change in short term.
Due to the appriciated CNY, the quote for export products in USD will be higher.
Follow us and keep an eye on the market change.
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Mid-autumn day is coming on the 15th day of the 8th lunar month. In 2021, it is on 21st Sept. We will have a three day holiday from tomorrow.
Mid-autumn Day is more or less like Spring Festival. It’s an important day for our Chinese, because it’s a family reunion day.
On that day, there will be a big family dinner. Everyone who works outside will go back home for the union. And they also eat moon cakes, which are the special food for this festival. There are various kinds of moon cakes. They are so delicious that everyone enjoys them very much.
The moon is always very round on Mid-autumn day. I see the weather broadcast that it will be a clear day on that day. People will be able to enjoy the glorious full moon and pray for the health and security all the year round.
We wish all friends all over the world to enjoy the same happiness with us. And stay safe and healthy.
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China will raise export tariffs for pig iron and ferrochrome, and remove export tax rebates for 23 steel products from Sunday, say 1st August 2021. This is the second adjustment in three months. The last is 1st May 2021. All these policies seek to ensure domestic supply while controlling capaciy and reduce steel output.
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Wish all of you a safe and healthy 2021.
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Steel price in China keeps its up trend since beginning of 2021.
and it is soaring when time marching in May. This trend gives a stiff line on the price index as following. But it starts to plumet from mid of May. All kinds of steel material,such as galvanzied steel, prepainted steel, steel wire, wire rod, etc. drops. From this week, the market seems calming down. Market player should buy according to their demand now.
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Since covid pandemic in 2020, topic of the soaring freight rate and soaring material price are always on the top trending.
Let’s see the following price trending at following, steel price jumps to the air after Chinese New year Festival.
The early you buy the lower the cost is. From Iron Ore, billet,to hot-rolled steel, from Cold rolled steel to galvanized, galvalume steel, from prepainted steel to profiled or corrugated steel, the trending is up up and up.
Our company has been in steel industry since 2005. The main products cover GI, GL, PPGI and PPGL. In order to meet various requests from our clients over all the world,we also supply accessories, such as screws and nails.
We aim at safe transaction and easy handling for our clients.
if you have any question toward China market, please feel free to contact us. We will help.
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The traditional Chinese lunar calendar divides the year into 24 solar terms. “谷雨“ is the 6th of the 24 traditional Chinese solar terms. In this term, rainfall becoming more and it meets the growth requests of grains,so “谷雨” is translated as Grain Rainl
Grain Rain originates from the old saying, “Rain brings up the growth of hundreds of grains,” which shows that this period of rainfall is extremely important for the growth of crops. The Grain Rain signals the end of cold weather and a rapid rise in temperature.
“谷雨”这个节气的名称来源于俗语“雨生百谷”，由此可以看出，在这段时间内雨水对于庄稼的生长是何等重要。谷雨的到来代表着寒冷天气的终结和温度的攀升。
Grain Rain brings a marked increase in temperature and rainfall and the grains grow faster and stronger. It’s a key time to protect the crops from insect pests.
谷雨带来了温度和降水量的明显增长，谷物成长地愈发快速和结实。这段时间是防虫蛀谷的关键期。
There is an old custom in southern China that people drink tea on the day of Grain Rain. Spring tea during Grain Rain is rich in vitamins and amino acids, which can help to remove heat from the body and is good for the eyes. It is also said that drinking tea on this day would prevent bad luck.
中国南方有个习俗：人们要在谷雨当天饮茶。谷雨期间的春茶富含维他命和氨基酸，对身体散热和明目都有帮助。还有一种说法：谷雨喝茶可抵挡厄运。
People in northern China have the tradition to eat the vegetable toona sinensis during Grain Rain. An old Chinese saying goes “toona sinensis before the rain is as tender as silk”. The vegetable is nutritious and can help to strengthen the immune system. It is also good for the stomach and skin.
中国北方人有谷雨吃香椿的传统。俗话说：“雨前椿芽嫩如丝”，这种蔬菜营养丰富，有助于增强免疫系统，还有利于健胃护肤。
This is a fast growing period, let’s work more harder and get more grain in Autumn.
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