Europe's leading steelmaker Thyssenkrupp's Duisburg No.2 blast furnace has launched a planned major overhaul, creating a supply gap of over 500,000 tons of pig iron

Macroeconomics 1. [Reverse Repo] The People's Bank of China (PBOC) announced that it will conduct a 500-billion-RMB Medium-term Lending Facility (MLF) operation on August 25. The

According to the commodity market analysis system of SunSirs, the iron ore market continued to fluctuate within a low range last week (August 14-21); the

Macroeconomics 1. [LPR] Authorized by the People's Bank of China, the National Interbank Funding Center announced the Loan Prime Rates (LPR) for August 20, 2026: the

Macroeconomics 1. [Oil & Gas Planning] The NDRC and the National Energy Administration have issued the "15th Five-Year Plan" for Oil and Natural Gas Development. The

According to the commodity market analysis system of SunSirs, the iron ore market exhibited a divergent trend last week (August 7-14): spot prices fluctuated at

Macroeconomics 1. [Monetary Policy] The central bank released the Report on Monetary Policy Implementation in China for the second quarter of 2026. The report proposes the

Macroeconomics 1. [Automotive] Data from the CPCA (China Passenger Car Association) shows that retail sales of passenger vehicles nationwide totaled 1.461 million units in July, a

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) has issued its "Reform and Development Plan for the 15th Five-Year Plan Period," alongside nine supporting

Macroeconomics 1. [PPI] National Bureau of Statistics: In July 2026, the national producer price index (PPI) for manufactured goods rose by 3.5% year-on-year and fell by

According to the commodity market analysis system of SunSirs, the iron ore market last week (July 31-August 7) continued the weak trend seen at the

The China Iron and Steel Association (CISA) stated on the 5th that establishing an RMB-denominated iron ore price index system provides the market with a

Macroeconomics 1. [Reverse Repo] To maintain ample liquidity in the banking system, the People's Bank of China will conduct a 500-billion-RMB outright reverse repo operation on

Since July, the iron ore market has generally been characterized by low-level fluctuation and a lack of momentum for a rebound. According to SunSirs' iron

Driven by rising shipping costs, iron ore futures prices experienced a volatile upward trend in early July; the benchmark contract climbed from a low of

Macroeconomics 1. [Energy Sector Land Use Tax] The Ministry of Finance and the State Taxation Administration have adjusted the urban land use tax policy for enterprises

Macroeconomics 1. [Electricity] National Energy Administration: In June 2026, the volume of electricity traded in the national market reached 627.5 billion kWh, a year-on-year increase of

Vale, a leading global iron ore producer, released its production and sales report for the second quarter of 2026 on July 21; the output of

Macroeconomics 1. [US Tariffs] On July 21 (local time), US President Trump announced via social media that all generic drugs imported into the US would continue