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In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
The General Administration of Customs: China's iron ore import volume will reach a record high in 2024! What is the situation regarding the import of Soybean, Crude Oil Product, Coal, and other CSI Commodity Equity Index?
According to Statistics from customs, in 2024, the total value of China's goods trade imports and exports reached 43.85 trillion yuan, a year-on-year increase of 5%.
Hong Kong stocks have seen fluctuations | Steel stocks fell across the board today as the overall winter storage situation did not meet expectations; Institutions indicate that the Industry is weak under a dual supply and demand weakness.
Steel stocks fell broadly today. As of the time of reporting, Angang Steel (00347) dropped by 5.41%, reporting at 1.4 HKD; CHONGQING IRON (01053) fell by 4.44%, reporting at 0.86 HKD; MAANSHAN IRON (00323) decreased by 1.84%, reporting at 1.6 HKD.
Maike Tube Industry Announces Subsidiary Sale and Agreement Renewals
MAIKE TUBE (01553.HK) plans to sell all shares of Asia Vets for 45 million yuan.
Gelonghui December 30丨MAIKE TUBE (01553.HK) announced that on December 30, 2024, Jinan MAIKE (the company's wholly-owned subsidiary) (as the seller) entered into an Equity Transfer agreement with Meide (as the buyer), whereby Jinan MAIKE conditionally agreed to sell, and Meide conditionally agreed to purchase the shares sold, equivalent to 100% equity of Asia Vets, for a total consideration of 45 million yuan. Asia Vets is a limited liability company established under China law on December 25, 2020, primarily engaged in the design and supply of assembly pipeline systems. The sale is based on a package.
Express News | Galaxy Securities: The concentration in the Steel Industry is expected to continue to increase.
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