omegarace| South China Industrial Products Index rose sharply: Demand for copper, aluminum and iron ore boosted, power investment and the Belt and Road Initiative helped economic recovery
News summary
The South China industrial product price index rose, and the metal and energy chemical index increased; the resonance of demand between China and the United States promoted the prices of non-ferrous metals such as copper and aluminum; domestic equipment updates and ship exports increased stimulated steel demand; home appliance exports and semiconductor sales rebounded, and styrene, tin, manganese and silicon prices rose significantly; the global manufacturing boom rebounded, exports improved or continued, domestic equipment updates and real estate policies were effective; there was room for growth in power infrastructure investment.
Newsletter text
[The rise in the industrial product price index highlights the signal of economic recovery]
The South China Industrial Product Price Index showed positive resultsomegaraceThe growth trend is significant, among which the metal and energy index have increased significantly.
Copper and aluminum pricesomegaraceThe rise in 2010 significantly promoted the growth of the non-ferrous metal index. At the same time, the rebound in iron ore prices also led to the rise of the black index.
In the field of energy and chemical commodities, the strong performance and sustainability of styrene prices are the most eye-catching, while soda ash and glass prices have also rebounded since April.
Crude oil is the most important part of the energy conversion index. Although its price has been adjusted since April, its status is still important.
The "resonance" phenomenon between Sino-US inventories and the strong growth of domestic power investment have jointly provided support for the prices of non-ferrous metals such as copper and aluminum.
Domestic equipment updates and increased ship exports have effectively boosted steel demand and pushed up black chain prices.
Benefiting from the positive contributions of countries along the Belt and Road Initiative, my country's home appliance exports continue to improve, increasing demand for styrene.
Supply-side disturbances and a recovery in global semiconductor sales have led to a significant rise in tin and manganese silicon prices.
Against the background of improving global manufacturing prosperity, the improvement of my country's export situation is expected to continue, and the increase in high-frequency data such as CCFI since May has further expanded.
The supporting effect of domestic policies on "equipment renewal" and the real estate market is beginning to show, and is expected to further promote economic development.
With the energy transformation and the accelerated layout of "new productivity", my country's power infrastructure investment has huge potential for further growth.
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