Drewry: World Container Index Down by 2.3% This Week
Drewry’s composite World Container index decreased by 2.3% to $9,900.25 per 40ft container this week. Our detailed assessment for Thursday, 14 October 2021 • The composite index decreased...
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Shanghai News & Analysis
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Shanghai crude oil futures close higher
Crude oil futures closed higher Friday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for December 2021 delivery was up 11.0 yuan (about...
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China port congestion falls sharply, trans-Pacific shipping rates retreat
Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S....
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Chinese energy futures sky-rocket amid global oil gains, domestic power crunch
Chinese energy and petrochemicals futures prices surged to multi-year and record highs on Monday, driven by gains in global oil prices and a domestic power shortage as the world’s top coal...
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U-Ming takes onboard Jotun’s Hull Skating Solutions for bulker newbuild
U-Ming, SWS and Jotun have signed commercial agreement for the groundbreaking Jotun Hull Skating Solutions (HSS) for U-Ming’s 190,000 dwt dual fuel bulk carrier newbuilding project at...
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Sinopec Shanghai Petrochemical Co Ltd (SHI): Price Down $-0.64 (-2.54)% Over Past Day, Down $-0.04 (-0.16)% Over Past Hour
This is the 2nd day in a row shi has seen its price head down. The post Sinopec Shanghai Petrochemical Co Ltd (SHI): Price Down $-0.64 (-2.54)% Over Past Day, Down $-0.04 (-0.16)% Over Past...
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Drewry: World Container Index Down 2.2% This week, But 289% Higher on a Yearly Basis
Drewry’s composite World Container index inched down by 2.2% to $10,129.72 per 40ft container this week. Our detailed assessment for Thursday, 7 October 2021 • The composite index decreased...
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Cost of shipping between China and U.S. plunges
The cost of shipping between China and the U.S. plunged this week after hitting record highs in early September as the off-season approaches, a power crunch slows Chinese manufacturing and...
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Drewry: World Container Index Down By 0.2%, But Still 291.8% Higher Than Year Before
Drewry’s composite World Container index inched down by 0.2% to $10,360.87 per 40ft container this week. Our detailed assessment for Thursday, 30 September 2021 • The composite index...
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China’s Shanghai gas exchange launches spot pricing for imported LNG
The Shanghai Petroleum and Natural Gas Exchange on Wednesday launched a spot pricing index for liquefied natural gas imports, the first marker of its kind in China as the world’s top buyer...
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Evergrande crisis highlights funding risks for developers
Borrowing costs have surged amid fears of an Evergrande failure.
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China’s CNOOC seeks to raise $5.4 bln on Shanghai bourse to fund projects
China’s state-run offshore oil and gas major CNOOC Ltd 0883.HK said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund...
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Tesla Shanghai to manufacture 300,000 cars in January-September - Reuters
Tesla's (TSLA) Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, despite a global semiconductor shortage, Reuters reported citing two...
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Tesla’s Shanghai Factory Produced 300,000 Cars Amid Chip Shortages – Report
Tesla's (TSLA) factory in Shanghai, China, is believed to have produced 300,000 cars in the first nine months of the year. Citing sources with knowledge of the matter, Reuters reports that...
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Drewry: World Container Index Steady During the Past Week, but 299% Higher Than a Year Ago
Drewry’s composite World Container index remained steady at $10,377.19 per 40ft container. Our detailed assessment for Thursday, 23 September 2021 1. The composite index remained stable this...
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Does China’s Push Towards Self-Reliance Hurt or Harm Foreign Investments?
China has been increasingly pushing to be self-reliant in several industries as President Xi works to build independence internally for the country. Foreign investors and companies are often...
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Stocks Up, Futures Steady in Europe; Sovereign Yields Higher
(Bloomberg) -- Stocks and sovereign bond yields climbed Friday on optimism about the economic outlook, though uncertainty lingers about potential risks from the debt crisis at China...
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Project Syndicate: America’s policy toward China is misdirected, because it would actually strengthen China and weaken the United States
China's industrial policy is a weakness, so why should the U.S. copy it or demand that Beijing abandon it?
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Drewry: World Container Index Keeps Climbing Higher, Now 323% Higher Than Last Year and 2.9% on Week
Drewry’s composite World Container index increased 2.9% or $291 to $10,374.64 per 40ft container. Our detailed assessment for Thursday, 16 September 2021 • The composite index increased 2.9%...
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Electric Last Mile Solutions opens new operations center in Shanghai
Commercial electric vehicle ((EV)) company Electric Last Mile Solutions (ELMS) has opened a new Asia Pacific Operations Center ((APOC)) in Shanghai, China.The new facility, to be...
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Baidu to Expand Robotaxi Service in Shanghai
Baidu (BIDU) announced the expansion of its Robotaxi service to a fifth city as it targets 25 additional cities over the next three years. The company will begin public testing of the...
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Baidu to test Apollo Go ride-hailing platform in Shanghai
Baidu (BIDU) will begin public testing of Apollo Go in Shanghai, which will include 150 stations opened in phases throughout the city to provide users convenient access to...
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China’s Shanghai energy exchange to launch freight index futures this year
China’s Shanghai International Energy Exchange (INE) will launch its freight index futures contract this year, Yang Yiping, the exchange’s associate director in the international cooperation...
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China’s season of stock market turbulence continues: A timeline
Traders are also on the lookout for bargains and stocks.
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Drewry: World Container Index Still on the Rise
Drewry’s composite World Container index increased 1% or $97 to $10,083.84 per 40ft container. Our detailed assessment for Thursday, 9 September 2021 • The composite index increased 1% or...
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Hyzon Motors gains on order of 500 hydrogen fuel cell electric vehicles from Shanghai Logistics company
Hyzon Motors (HYZN) +7% premarket on signing MoU with Shanghai Hydrogen HongYun Automotive Co., ltd for the purchase of 500 hydrogen-powered electric trucks
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ACM Research's Operating Subsidiary ACM Research (Shanghai) Updates Status of China IPO Process
FREMONT, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) -- ... Full story available on Benzinga.com
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S&P 500, world equity index retreat as economic worries weigh
By Chris Prentice and Danilo Masoni WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over...
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Drewry: World Container Index Rises By 1.7% This Week, 344% Higher Than a Year Ago
Drewry’s composite World Container index increased 1.7% or $170 to $9,987.27 per 40ft container. Our detailed assessment for Thursday, 2 September 2021 • The composite index increased 1.7%...
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New Gold, Sinopec Shanghai Petrochemical lead energy/material gainers; Nine Energy Service, Brigham Minerals among major losers
Gainers: New Gold (NGD) +11%, Sinopec Shanghai Petrochemical (SHI) +10%, Huaneng Power International (HNP) +10%, Hycroft Mining Holding (HYMC) +8%, McEwen Mining (MUX)...
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SMIC building $9 billion Shanghai chip fab in capacity battle with TSMC
Chinese foundry giant Semiconductor Manufacturing International Corp
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Future FinTech to buy a 51% equity stake in Shanghai Dianfa Internet Technology Co.
Per the terms, Future FinTech intends to acquire 51% of the equity of Dianfa Technology for RMB 17.85M (about $ 2.76M).The purchase price comprises RMB 6.0M and a balance in shares...
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China's SMIC to Build Chip Production Line in Shanghai
Semiconductor Manufacturing International Corp. said the chip production facility will be built through a joint venture with the Shanghai government’s Lin-Gang Free Trade Zone...
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China Investing Shifting to Mainland Stocks
Overnight trading in Asian markets on Wednesday night saw an influx of foreign investment into Mainland China, according to KraneShares’ China Last Night. The MSCI rebalance that happened on...
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Shanghai nickel price reaches record high on strong demand, low inventories
Nickel prices surged to the highest on record at the Shanghai Futures Exchange, Reuters reports, the result of a strong post-lockdown rebound in demand and low stockpiles around...
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Drewry: World Container Index up 2.1% Last Week, 351% Higher Than a Year Ago
Drewry’s composite World Container index increased 2.1% or $204 to $9,817.72 per 40ft container. Our detailed assessment for Thursday, 26 August 2021 • The composite index increased 2.1% or...
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Powell's Day: 5 key factors to consider in Friday's market
by Laura Sanchez Investing.com - Today is the day! Jerome Powell, chairman of the US Federal Reserve ({{frl||Fed), will attend the Jackson Hole symposium virtually, although he is not...
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Sinopec Shanghai Petrochemical to wrap up carbon fiber project in 2022 end
China-based Sinopec Shanghai Petrochemical (SHI) estimates the completion of construction of a 3.5B yuan ($540.11M) carbon fiber project in late-2022, Reuters reported citing...
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Shanghai Fosun Pharmaceutical reports 1H results
Shanghai Fosun Pharmaceutical (SFOSF): 1H net profit amounted to RMB 2.48MRevenue of RMB 16.95B (+20.85% Y/Y)Press Release
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Container Prices And Availability At Asian Ports Hit By Covid-19 Lockdowns
COVID-19 outbreaks at ports in China and Vietnam will likely reduce container availability and drive-up prices at key shipping hubs in the coming weeks, according to the latest data analysis...
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Drewry: World Container Index Up By 2% This Week, 360% on a Yearly Basis
Drewry’s composite World Container index increased 2% or $192 to $9,613.28 per 40ft container. Our detailed assessment for Thursday, 19 August 2021 • Drewry’s composite World Container index...
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COVID-19 is causing yet another shipping bottleneck in China, driving container rates through the roof
Ningbo-Zhousan may not exactly be a household name, but find something in your house made in China and it’s quite likely it was delivered from there. Ningbo-Zhousan, which overlooks the East...
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Today in the markets: 5 key aspects for this Friday's session
By Laura Sánchez Investing.com - Investors face the final session of the week with fears over some worse-than-expected macro data, Goldman's downside growth forecasts and the week ahead of...
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Is tapering closer? 5 key factors for this Thursday
By Laura Sánchez Investing.com - The market reacts lower after the Fed's minutes reveal that the possibility of tapering starting before the end of this year is back on the table, although...
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The Conversation: COVID-19 is causing yet another shipping bottleneck in China, driving container rates through the roof
China has eight of the 10 busiest ports in world, and they are operating well below capacity because of COVID restrictions.
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Sinopec Shanghai Petrochemical Co Ltd (SHI): Price Now Near $20.93; Daily Chart Shows Downtrend on 50 Day Basis
Of note is that the 50 hour changed directions on shi; it is now pointing down. The post Sinopec Shanghai Petrochemical Co Ltd (SHI): Price Now Near $20.93; Daily Chart Shows Downtrend on 50...
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Shanghai Softness: China's Weakness Spills Into US Trading, With Tech Under Pressure
If the phrase, “Never sell a dull market” needs a perfect example, yesterday might be the one. We had a really impressive rally despite very little market-related news. Today, the long...
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ACM Research's Operating Subsidiary ACM Research (Shanghai) Completes its IPO Registration with China Securities Regulatory Commission
FREMONT, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- ... Full story available on Benzinga.com
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