#Steel News#

From June 1st to June 25th, domestic steel stocks increased for three consecutive weeks, and the market volume continued to be sluggish. With the advent of the centennial anniversary of the founding of the "July 1" party, the environmental protection situation in various places has been tightened, and there is a favorable atmosphere in the capital market. It is expected that the price of steel products may stabilize and adjust operations in the near future.

#Shipping News#

Since the beginning of last year, it is no more accurate to describe sea freight with the steadily increasing sesame blossoms. The epidemic, the Suez Canal, and the recent congestion at the South China Wharf have made the snowballs of various problems even bigger and bigger. At present, the North European freight has exceeded the 20,000 U.S. dollar mark, and the trans-Pacific to the West U.S. price soared to 32,000 U.S.

As the peak season approaches, the gap between the spot market index and the actual payment rate is widening every week. In other words, if you want to ship, the actual price you give is much higher than the price announced in the market. Foreign trade partners should pay attention to it~

#Exchange News#

Onshore RMB depreciated against the US dollar and the euro

On Monday, the onshore RMB exchange rate against the U.S. dollar appreciated sharply. As of press time, the onshore RMB exchange rate against the U.S. dollar stood at 6.4742, a depreciation of 225 basis points from the closing price of the previous trading day at 6.4517.

On Monday, the onshore renminbi against the euro appreciated slightly. The closing price of the onshore renminbi against the euro was 7.7291, which was 106 basis points lower than the closing price of the previous trading day at 7.7185.

Written by Phebe