In today’s briefing:
- Comment on Exchange Rate EUR/CNY – November 25, 2024
- China Slaps ADD On Japanese & S Korean Nitrile Rubber
Comment on Exchange Rate EUR/CNY – November 25, 2024
- During the period under review, i.e. October 22nd, 2024, to November 25th, 2024, the EUR/CNY pair experienced a slight but steady downward trajectory amid fluctuations.
- Initially, the pair followed an upward movement, reaching its peak at the price of 7.7654.
- However, after November 6th, 2024, the currency faced a general depreciation which persisted until the end of the period, signaling a bearish momentum.
China Slaps ADD On Japanese & S Korean Nitrile Rubber
- ADD on NBR imports from Japan, South Korea extended to five years
- Chinese companies beef up domestic carbon black production
- ZC Rubber unveils US$259 million and Longxing US$405 million projects
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