ROYAL NEWS: Market price changes & New foreign trade regulations in March

Domestic construction steel market prices are expected to be weak and run mainly

Spot market dynamics: On the 5th, the average price of 20mm third-level earthquake-resistant rebar in 31 major cities across the country was 3,915 yuan/ton, a decrease of 23 yuan/ton from the previous trading day; the Shanghai Rebar USD Pricing Index closed at 515.18, down 0.32%. Specifically, the snails fluctuated downward in the early trading period, and the spot price subsequently stabilized and weakened slightly. The market mentality was cautious, the trading atmosphere was deserted, and the demand side did not improve significantly. The weak operation of snails did not change in the late afternoon, and the market price loosened slightly. Low-price resources increased, the actual transaction performance was average, and the overall transaction was slightly better than the previous trading day. It is expected that the national building materials market prices may continue to be weak in the near future.

 

 

New foreign trade regulations in March

Shipping companies will adjust freight rates starting from March 1 Recently, many shipping companies have issued announcements on business adjustments on March 1. Among them, starting from March 1, Maersk will increase the price of some demurrage and detention charges for goods shipped to/from the United States, Canada and Mexico worldwide by US$20. Starting from March 1, Hapag-Lloyd will adjust the freight rates (GRI) for 20-foot and 40-foot dry cargo, refrigerated and special containers (including high cubic equipment) from Asia to Latin America, Mexico, the Caribbean and Central America, specifically As follows: 20-foot dry cargo container USD 500; 40-foot dry cargo container USD 800; 40-foot high cube container USD 800; 40-foot non-operational refrigerated container USD 800.

The EU is planning an anti-dumping investigation into Chinese photovoltaic products Recently, media reported that as many European photovoltaic companies are facing the crisis of production suspension and bankruptcy, the EU is preparing an anti-dumping investigation against Chinese photovoltaic products. The media stated that after a large number of Chinese photovoltaic products entered the European market, it posed a serious "threat" to Europe's local solar panel production. Therefore, the EU wants to use its anti-dumping investigation against China to build a "small courtyard and high wall" in the new energy industry to protect the market competitiveness of local enterprises.

Australia launches anti-dumping immunity investigation into China-related welded pipes On February 9, the Australian Anti-dumping Commission issued Announcement No. 2024/005, launching an anti-dumping exemption investigation into welded pipes imported from mainland China, South Korea, Malaysia and Taiwan, and also launching a countervailing exemption investigation into welded pipes from mainland China. . The exempted products investigated are as follows: Grade 350 60 mm x 120 mm x 10 mm thick steel rectangular pipe, 11.9 meters in length.