Free Trial

MNI China Daily Summary: Tuesday, October 15

POLICY: Iron ore prices have potential to rise further this month as Chinese mills restart furnaces and increase pig iron production, analysts at Shanghai Metals Market, a commodity research firm.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY68.3 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY26.6 after offsetting the maturity of CNY41.7 billion today, according to Wind Information.

Keep reading...Show less
468 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

POLICY: Iron ore prices have potential to rise further this month as Chinese mills restart furnaces and increase pig iron production, analysts at Shanghai Metals Market, a commodity research firm.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY68.3 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY26.6 after offsetting the maturity of CNY41.7 billion today, according to Wind Information.

Keep reading...Show less