The profit growth of Chinese industrial firms was positive for the first time this year as economic order further normalized from the COVID-19 epidemic in May, the National Bureau of Statistics said on Sunday.

China Ferrosilicon (≤55%) Exports down 54.24% YoY in May.

Crude steel production in Germany fell by 27 percent to 2.6 million tons in May compared to the same month last year, the German Steel Federation (WV Stahl) announced on Wednesday.

Amid an accelerated push for green development, China on Monday decided to cap its annual energy consumption at five billion tonnes of standard coal equivalent this year.

China Ferrosilicon (≤55%) Exports down 41.02% YoY in Jan-May.

Nickel ore market weekly comment(June 22nd-June 26th): The prices of Laterite-Nickel ore kept steady in this week

Ferronickel market weekly comment(June 22nd-June 26th) The price of high grade ferronickel price was stable in this week

Electrolytic nickel market weekly comment(June 22nd-June 26th) LME nickel price went down in general, so did the electrolytic nickel price