Flash News

TREE NEWS reports: China’s unwrought aluminum and aluminum product exports totaled 626,000 metric tons in August, down from 643,000 tons in July. The month-on-month decline reflects softer overseas demand amid global trade tensions.

TREE NEWS reports: China imported 19.492 million tonnes of copper ore and concentrate in the first eight months of 2024, down from 20.063 million tonnes a year earlier, customs data showed. August imports of unwrought copper and copper products stood at 382,000 tonnes, down from 425,000 tonnes in July, while copper ore imports rose to 2.508 million tonnes from 2.38 million tonnes.

TREE NEWS reports: China exported 10.155 million tonnes of steel in August, up from 10.12 million tonnes in July. The month-on-month increase reflects sustained overseas demand amid global supply adjustments.

TREE NEWS reports: China imported 108.539 million metric tons of iron ore and concentrate in August, up from 108.09 million tons in July. The figure reflects steady demand from the world’s largest steel producer.

TREE NEWS reports: China’s refined oil imports fell to 2.246 million tons in August from 2.48 million tons in July, customs data showed. Crude oil imports rose to 37.928 million tons from 35.73 million tons, while natural gas imports declined to 10.327 million tons from 10.54 million tons.

TREE NEWS reports: In the last trading session on Sept 4, only the Russell 2000 rose (0.25%) while the Dow fell 0.51%, S&P 500 0.38%, and Nasdaq 0.29%. KLA (KLAC) surged 7.32% to $185.60, despite no company news, as storage stocks led gains. Focus shifts to Friday’s August CPI, with core inflation at 2.5%.

TREE NEWS reports: China’s trade surplus reached 809.3 billion yuan in August, up from 767.07 billion yuan in July. The figure, reported in yuan terms, indicates a widening trade gap as exports continue to outpace imports.

TREE NEWS reports: China’s exports rose 25% year-on-year in August in US dollar terms, up from a 23.9% increase in July. The figure underscores continued strength in overseas demand for Chinese goods amid global economic uncertainty.

TREE NEWS update: China Development Bank issued 12 billion yuan of 1-year bonds at a coupon rate of 1.3800%, matching expectations. The bid-to-cover ratio was 1.88 times, with a marginal ratio of 1.05 times. The bank also sold 7 billion yuan of 3-year bonds at 1.4887% and 21 billion yuan of 10-year bonds at 1.7388%.

TREE NEWS reports: Tokyo stocks were mixed at the midday break, with the Nikkei 225 adding 0.1% while the broader Topix index slid 0.6%. The divergence reflects varying sector performance in early trading.

TREE NEWS reports: Shanghai Ganglian data showed the MMLC battery-grade lithium carbonate (morning session) benchmark price at 142,750 yuan/ton on Wednesday, down 250 yuan/ton from Tuesday’s 16:30 price. The decline reflects continued softness in the lithium market.

TREE NEWS reports: China’s total goods trade reached 34.78 trillion yuan in the first eight months of 2024, up 17.6% year-on-year, accelerating 0.3 percentage points from the Jan-July pace, customs data showed on Sept. 8. Exports rose 14.6% to 20.17 trillion yuan, while imports grew 22% to 14.61 trillion yuan. In August, trade expanded 19.8% to 4.65 trillion yuan, with exports and imports up 18.6% and 21.7%, respectively, marking the fourth straight month of double-digit growth for both.

TREE NEWS reports: The Japanese yen strengthened past the 153 level against the U.S. dollar, trading at 152.99, up 0.9% intraday. The move reflects ongoing currency market dynamics as investors weigh monetary policy divergence between the Bank of Japan and the Federal Reserve.

TREE NEWS update: The Israeli Defense Forces (IDF) said on May 7 they killed a company commander of Hamas’s elite Nukhba force in Gaza City. The commander was identified as Yusuf al-Aqila, who the IDF accused of systematically violating the ceasefire and advancing attacks against Israeli soldiers and civilians.

TREE NEWS reports: Contemporary Amperex Technology (CATL) shares fell over 4.5% in Hong Kong to an intraday low since March 10, with A-shares down nearly 5%. The drop follows Li Auto’s announcement that it will equip all its models with self-developed batteries, potentially reducing reliance on CATL.

TREE NEWS reports: A-share nonferrous metal stocks extended gains on Tuesday, with Northern Copper (北方铜业) hitting the daily limit up, while Jingyi Co. (精艺股份) had earlier sealed its limit. Jinchengxin, Jiangxi Copper, Yunnan Copper, Shengdun Mining, and Western Mining also advanced.

TREE NEWS reports: The Korean won strengthened 0.7% against the U.S. dollar, outperforming other emerging Asian currencies. This move reflects regional currency dynamics on the given trading day.

TREE NEWS update: London Metal Exchange three-month copper touched a record high of $14,617 per metric ton, marking an unprecedented price level for the industrial metal. The milestone underscores tightening supply and robust demand in global markets, with traders closely monitoring further moves.

TREE NEWS update: Henan province’s housing authority and eight other departments issued measures to stabilize the property market, including encouraging state-owned enterprises and real estate firms to purchase individual second-hand homes to facilitate ‘trade-in’ deals. The plan also promotes ‘selling old to buy new’ through tripartite agreements and urges financial institutions to provide long-term low-interest loans for such acquisitions.

TREE NEWS update: Henan province issued measures to stabilize its real estate market, tying land supply to housing inventory. Counties with a commercial housing inventory digestion period over 18 months must suspend residential land sales; those at 12-18 months face caps based on reclaimed land. The policy, announced by nine departments, aims to control supply and reduce stock.