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The A-share steel sector fluctuated upwards during the session, with Hainan Mining hitting its second consecutive daily limit, and Nanjing Iron & Steel and Lingyuan Iron & Steel both rising by more than 4%. Wujin Stainless Steel, Baosteel, and Angang

2025-12-29

The A-share steel sector fluctuated upwards during the session, with Hainan Mining hitting its second consecutive daily limit, and Nanjing Iron & Steel and Lingyuan Iron & Steel both rising by more than 4%. Wujin Stainless Steel, Baosteel, and Angang Steel also followed suit.

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2025-12-29

The central parity rate of the yuan against the US dollar was raised by 27 basis points to 7.0331 from the previous day, reaching its highest level since September 30, 2024.

The central parity rate of the yuan against the US dollar was raised by 27 basis points to 7.0331 from the previous day, reaching its highest level since September 30, 2024.
2025-12-29

*ST Songfa: Signs Contract for 158,000-ton Crude Oil Tanker Construction. *ST Songfa announced that its subsidiary, Hengli Shipbuilding Co., Ltd., signed a contract on December 29, 2025, for the construction of a 158,000-ton deadweight crude oil tank

*ST Songfa: Signs Contract for 158,000-ton Crude Oil Tanker Construction. *ST Songfa announced that its subsidiary, Hengli Shipbuilding Co., Ltd., signed a contract on December 29, 2025, for the construction of a 158,000-ton deadweight crude oil tanker. The contract value is approximately US$80-100 million, and the counterparty is a well-known European shipowner. This contract does not require approval from the company's board of directors or shareholders. The contract period is from the signing date to the delivery of the vessel, which is expected to be in the first quarter of 2029. This vessel type is a mainstream large crude oil tanker internationally, characterized by large deadweight capacity, low fuel consumption, and excellent environmental performance. The successful execution of the contract will have a positive impact on the company's future performance, helping to enhance its market competitiveness and profitability.
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