TGViewer
Metals Wire Metals Wire @metalswire · 693 subscribers
Post #1160 219
Morning Bites (part 2) 

🏦China’s aggregate financing recovered 26% YoY in August to CNY 3.12tn, after hitting the lowest point since July 2014 the previous month. At the same time, the figure came in 27% ahead of the consensus. Meanwhile, traditional bank loans rose 9% YoY to CNY 1.36tn, also surpassing the consensus estimate of CNY 1.20tn. Overall, although China’s economic recovery has stumbled after solid 1Q23, its PMI data was the strongest among largest economies. We also keep in mind Beijing’s intention to support the economy via the real estate segment, which might bolster industrial metals demand later in 2H23

China represents 52% of global steel consumption, as well as 55% and 58% of world copper and aluminium demand, respectively

#global 
https://metals-wire.com:3000/news-reports
Open in Telegram All posts from @metalswire
More from @metalswire
  1. Sep 28, 2026Morning Bites 🥉Global mined copper production increased 1.3% YoY in July, vs. the revised…
  2. Sep 25, 2026Morning Bites 🔗Global crude steel output declined 1.2% YoY to 144.2mnt in August, vs. the…
  3. Sep 24, 2026Morning Bites 🇨🇳 The output of power generation equipment in China decreased 3% YoY in A…
  4. Sep 23, 2026Morning Bites 🏭Global primary aluminium output declined 1.7% YoY in August, after the rev…
  5. Sep 22, 2026Morning Bites 🇵🇪 Peru’s copper output rose 4% YoY in July, reversing from the 5% YoY dec…
  6. Sep 21, 2026Morning Bites (part 2) 🔗CISA mills daily crude steel production in early-September rose t…
Threads Profile ViewerView any public Threads profile without an account.Open ThreadLook →Writing with AI? Make it sound human.Metric37 rewrites AI drafts so they read naturally. Free AI detector, 1,500 words free.Try Metric37 →