China March producer inflation drops for the first time in seven months

China March producer inflation drops for the first time in seven months

In March, China's producer price inflation dropped for the first time in seven months because iron ore as well as coal prices dipped, weighed by fears that Chinese steel output is outweighing demand and also threatening a glut of the metal later in 2017.

A renaissance in China's steel industry has appeared to be a key driver of the world's number two economy in recent quarters, thus helping to generate the strongest revenue surge in years and contributing to a reflationary pulse across the global manufacturing sector.

However, after cranking out as much metal as possible for the last time, Chinese steel mills are currently starting to drop prices, thus threatening to snuff out a bull market, which had brought prices of some steel construction products to their highest value since 2014.

By the way, financial experts surveyed by Reuters had predicted a softer PPI reading because a torrid surge in China's commodity markets demonstrated signs of correction. 



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera