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Press Metal’s associate firm to double capacity
KUCHING: Press Metal Aluminium Holdings Bhd’s 25%-owned associate PT Bintan Alumina Indonesia (PTBAI) will double the production capacity of alumina to two million tonnes per annum when its phase two facility is due for completion in fourth quarter of 2022 (4Q22).
China's exports growth hits 2 year-low as virus curbs hit factories
BEIJING: China's export growth slowed to single digits, the weakest in almost two years, while imports barely changed in April as tighter and wider COVID-19 curbs halted factory production and crimped domestic demand, adding to wider economic woes.
China’s shipping costs lowered, but trade haunted by global woes
BEIJING: Despite notable drops in the cost of shipping containers from China to Europe and the United States since late 2021, many Chinese exporters have delayed their delivery times for existing orders and instead rushed to secure fresh orders, to cope with the changing scenarios both at home and abroad.
China’s independent refiners eye output cuts as crude price surge hurts profits
BEIJING: China’s independent refiners are set to cut production in coming weeks as a Ukraine-driven surge in oil prices squeezes margins, with a jump over US$130 (RM544) a barrel unnerving producers, according to trading executives and analysts.
Insight - China adds to global wheat jitters with poor crop health
GLOBAL wheat supplies are already set to be very tight by mid-2022, but top producer China’s struggling wheat crop could keep a chokehold on stocks into next year.
China exports to continue brisk expansion
BEIJING: Despite a number of economic uncertainties this year, Niu Liqun, chairman and CEO of Jia Shi Da Robot Technology, remains optimistic about his company’s growth prospects.
Insight - Scorching base metals rally to cool
THE London Metal Exchange (LME) index of base metals surged 38% higher last year as pandemic demand recovery met supply chain disruption.
Unstable supply due to China’s blue sky policy
PRICES of raw materials have increased due to international factors but for Malaysian importers, this problem is aggravated by the closure of more factories in China.
Fourth-quarter growth seen hitting a year low
Policymakers face rising heat to offer more easing
