FIS API Blog
The House of Representatives is poised to give final passage Wednesday to legislation that would sanction Chinese officials for human rights abuses against Muslim minorities, the latest in a series of moves by Congress and the White House to put pressure on the Beijing government. The measure was approved by unanimous consent in the Senate …
Continue reading “House Set to Back China Sanctions Amid Rising Tensions With U.S”
China’s race to restore normality has opened up a rare opportunity to profit from shipping aluminum into the country, which is typically burdened by excess supply of the metal. The theoretical margin from importing aluminum into China jumped to the highest level since 2016, according to Bloomberg calculations based on local spot prices and the …
Continue reading “China’s Headstart to Recovery Creates Rare Aluminum Trade”
Soybean futures held on to Tuesday’s gain, the biggest since the end of April, as state-run Chinese companies return to the market for American supplies after a jump in Brazil’s currency made U.S. beans more competitive. Soymeal futures in Dalian climbed to the highest in over a month. China has been bidding on new crop …
Continue reading “Soybeans Hold Best Gain This Month as China Seeks More Supplies”
Iron ore futures extended losses as investors focus on the outlook for supply, while deepening strains between China and the U.S. hang over global markets. “Iron ore shipments have increased significantly recently, while port inventories remain at a low level despite the slight rise in volume,” Huatai Futures said in a note. Although supply has …
Continue reading “Iron Ore Drops on Supply Outlook, U.S.-China Tensions”
The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong, people familiar with the matter said, as the Trump administration weighs whether to declare the former colony has lost its autonomy from Beijing. The Treasury Department could impose controls on transactions and freeze assets of Chinese officials and …
Continue reading “U.S. Mulls Sanctions on Chinese Officials, Firms Over Hong Kong”
Nickel in London fell from a two-month high after futures in Shanghai slumped by the daily limit in a sudden move during overnight trading. Prices on the London Metal Exchange fell more than 4% on Friday, trimming their weekly gain. Nickel on the Shanghai Futures Exchange pared losses after tumbling as much as 8.6% in …
Continue reading “Nickel Drops From Two-Month High After Sudden Slump in Shanghai”
