China's manufacturing PMI expands to 50.2 in Jun, non-manufacturing PMI 54.7

sxcoal.com General 2022-06-30 10:15:42

China's factory activity revved up in June after the country lifted the lockdown in Shanghai after the epidemic was contained.


The official Purchasing Managers' Index (PMI) for the manufacturing sector rose to 50.2 in June, up from 49.6 a month earlier, the first time since February that the gauge has risen above the 50 mark that separates expansion from contraction.



With the epidemic gradually under control and a series of stimulus policies implemented, China's economy is recovering at a faster pace in June.


The profitability of exporters in most sectors has improved during the second quarter, according to a survey by the China Council for the Promotion of International Trade in Beijing. Major challenges facing foreign trade enterprises, such as high costs of logistics, have eased, the survey showed.


On June 29, President Xi Jinping pledged to step up macroeconomic policy adjustment, and adopt more forceful measures to deliver the economic and social development goals for the whole year and minimize the impact of Covid-19.


China's central bank on June 29 said that it will build an effective mechanism to provide financial support for the real economy, according to a media report.


While encouraging financial institutions to step up their issuance of loans to the manufacturing industry, the bank will make solid efforts to stabilize industrial and supply chains, according to a quarterly monetary policy implementation meeting of the People's Bank of China.


The official non-manufacturing PMI, which measures business sentiment in the services and construction sectors, rose to 54.7 in June from 47.8 a month earlier, also expanding for the first time since February.


(Writing by Alex Guo  Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 China's domestic thermal coal prices slide on growing bearish sentiment 2024-03-28

China's portside thermal coal prices continued the moderate decline on March 28, owing to an excess of supply coupled with weakened demand, fueling pessimism about the near-term market outlook.Offers

2 China's met coke market under strain from 7th price cut 2024-03-28

China's metallurgical coke market is facing strain as producers accept the seventh consecutive price cut, following a proposal by large steelmakers, which has cast a shadow on the market once again.On

3 Newcastle thermal coal prices soar as India, Vietnam ramp up imports 2024-03-28

Newcastle thermal coal futures extended the uptick for three consecutive trading days, driven by increased imports from India and Vietnam as the peak demand period is on the horizon.On March 27, ICE N

4 China futures market updates at close (Mar 28) 2024-03-28

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

5 China Coal Daily Track (Mar 28) 2024-03-28

Thermal coalProduction area Thermal coal prices ticked up in major producing regions. Miners reported mixed sales trend based on different grades. Increased trucks were arriving at those mines with co

6 Vietnam Jan coal power generation surges, emissions hit new record 2024-03-28

Vietnam's coal-fired power plants set a new high in carbon dioxide emissions in January, as the country's utilities ramped up output to prevent a recurrence of last year's power outages, Reuters repor

7 Review: China's thermal coal imports hit new high in Jan-Feb 2024-03-28

China's thermal coal imports in January-February touched a new high for the period in history, starting the year on a positive note, driven by a surge from Australia.According to the latest data from

8 India Feb coal imports up 20.25% on yr 2024-03-28

India imported a total of 21.39 million tonnes of coal in February 2024, rising 20.25% year on year and 3.42% on the month, according to data released by Iman resources.In the month, non-coking coal i

9 China's steelmaking raw material costs mostly decline in Feb 2024-03-28

The cost of key steelmaking ingredients including PCI coal, metallurgical coke, and iron ore dipped in February, while that of coking coal increased, according to data from the China Steel Development

10 China's top 5 provinces contribute 54% of Jan-Feb coke output 2024-03-28

The top five coke-producing provinces – Shanxi, Inner Mongolia, Shaanxi, Hebei and Xinjiang – produced 43.39 million tonnes of the product in January-February, accounting for 54.0% of China's total, a

Most Read Articles

1 China futures market updates at close (Mar 26) 2024-03-26

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

2 Shanxi faces economic pressure as coal production and sales slump 2024-03-26

Northern China's Shanxi province is grappling with economic challenges in the first quarter of this year, as its pivotal coal industry experiences a notable decline in production and sales.At a govern

3 Mongolian coking coal prices in mixed trends; China's market improves 2024-03-26

Mongolian coking coal prices posted mixed trends at the border crossing Ganqimaodu on the China's side, a price pattern different from previously continuous downturn, as demand from Chinese buyers par

4 China Coal Daily Track (Mar 26) 2024-03-26

Thermal coalProduction area Mine-mouth thermal coal prices were mixed. More coal trucks were arriving at mines with premium grades, pushing up prices by 5-10 yuan/t. But these mines saw no queues of t

5 Japan Feb crude steel output down 3.8% MoM 2024-03-27

Japan produced 6.99 million tonnes of crude steel in February, falling 3.8% month on month (MoM) yet up 1.1% year on year (YoY), according to data released by the Japan Iron and Steel Federation.The o

6 China thermal coal market in figures (Mar 27) 2024-03-27

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

7 Thailand Feb thermal coal imports hit 6-mth high 2024-03-26

Thailand's thermal coal (including bituminous and sub-bituminous coal) imports in February came in at 1.69 million tonnes, rising 14.34% from 1.48 million tonnes in the same month last year, customs d

8 Newcastle coal prices rebound on Vietnam's buying spree, Baltimore bridge collapse 2024-03-27

Newcastle thermal coal futures continued to strengthen in the first two trading days of this week, driven by strong purchases from Vietnam, and the bridge collapse in Baltimore that added to supply co

9 Pressure mounts on Russian coal supply in 2024 2024-03-27

Russia's coal supply are facing multiple challenges in 2024, as production in its key producing region Kuzbass extended the downward trend in the first two months.Kuzbass produced 34.5 million tonnes

10 US Baltimore bridge collapse disrupts coal shipments 2024-03-27

Coal exports from the bustling port of Baltimore in the US experienced a setback due to a bridge collapse caused by a collision with a massive cargo ship early on March 26, leading to disruptions in r