In this video, I have given update on China’s industrial growth output and its positive impact on metal prices and demand.
China’s industrial growth for Jan-Feb 2021 has jumped by 35.1% YOY as against mere 7.1% growth in Dec 2020. Also China’s retail sales jumped by 33.8% for the same period .China’s mining output grew by 17.5% for Jan-Feb 2021 YOY as against 4.9% in Dec 2020 and its steel or ferrous production grew by 21.6% for the same period and manufacturing grew by 39.5% .
China is coming out of pandemic in a tremendous way and this is positive for metals and infrastructure related industries and materials like cement.
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