Xiamen Concludes 4 Commercial and Residential Land Transactions with a Maximum Premium of 12.34% The Xiamen Municipal Bureau of Natural Resources and Planning held the second auction of commercial and residential land for the year 2025, successfully transacting 4 parcels of land. The total land area sold was 17.06 hectares, with a total building area of 292,800 m², and the total land transfer fees amounted to 8.829 billion yuan. Seven groups of bidders participated in the land auction, including Poly Real Estate, CNOOC Real Estate, China Communications Construction Group, C&D Real Estate, Xiamen Rail Transit Group, Xiamen ITG, and Xiamen Special Engineering Consortium, as well as Lianfa Group. The auction results showed that the 2025P09 plot in the Wuyuan Bay area of Huli was won by Zhongrao (Xiamen) Real Estate Co., Ltd. (Poly), with a total transaction price of 3.414 billion yuan. The residential transaction floor price was 50,645 yuan/m², with a premium rate of 12.34%.

In March, the manufacturing PMI stood at 50.5%, up by 0.3 percentage points from the previous month, indicating a continued rebound in the manufacturing sector's prosperity level. By enterprise size, the PMI for large enterprises was 51.2%, down by 1.3 percentage points from the previous month, remaining above the threshold. The PMI for medium and small enterprises were 49.9% and 49.6%, respectively, up by 0.7 and 3.3 percentage points from the previous month, both below the threshold. In terms of sub-indices, among the five sub-indices that constitute the manufacturing PMI, the production index, new orders index, and supplier delivery time index were above the threshold, while the raw material inventory index and employment index were below the threshold.

Data from the National Bureau of Statistics (NBS) showed that in January 2025, the national consumer price index (CPI) rose 0.5% YoY and 0.7% MoM. In the same month, both the ex-factory prices and purchase prices of industrial producers fell 2.3% YoY, with the decline remaining the same as the previous month, and both decreased 0.2% MoM.

H1 2024 ended. According to SMM, the current Indonesian laterite nickel ore RKAB approval quota for 2024 is approximately 220 million wmt.

At the 2024 (19th) SMM Copper Industry Conference and Copper Industry Expo - Copper Billet Industry Development Forum, jointly organized by SMM and Shandong Humon Smelting Co., Ltd., SMM Copper Senior Analyst Liu Lu introduced the current status of the copper billet market and its prospect.

After the Chinese New Year holiday, the real estate market in key cities in China continued to pick up. In the first quarter, the sales area of the top