Latest Update in the China Aluminum Scrap Market

Shanghai will implement the policy of exempting vehicle purchase tax for new energy vehicles, continue to implement subsidies for the replacement of new energy vehicles, promote the replacement of old vehicles and further promote the use of new energy vehicles.

Yesterday, traded price of steel scrap dipped 2-53 yuan/mt

Economists have been warning that 1970s-style stagflation could return in the coming more than one year, citing the highest inflation in 40 years in the US and sluggish economic growth.

After the second largest bank failure in U.S. history, the attention of U.S. stock investors began to shift from high inflation to systemic credit risk events.

Last month, Novak announced that Russia would voluntarily cut oil production by 500,000 barrels per day in March, or about 5% of the production level, in response to price cap measures imposed by Western countries on Russian energy.

Local time Tuesday (March 21), Russian Deputy Prime Minister Alexander Novak said that considering the current market situation, Russia decided to maintain oil production at a lower level before July this year.

The China Earthquake Network officially determined that at 07:31 on March 23, a magnitude 5.2 earthquake struck in the Philippine Islands.

The PBOC conducted a 64 billion yuan 7-day reverse repurchase operation today March 23, and the winning bid rate was 2.00%, which was the same as before.