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May 29 — Suzhou auctioned four residential-related parcels with total starting price 2.742 bln yuan. In Suzhou Industrial Park one plot drew 74 bidding rounds and was won by China Overseas for 1.688 bln yuan, implying a floor price of 68,920 yuan/sqm

2026-05-29

May 29 — Suzhou auctioned four residential-related parcels with total starting price 2.742 bln yuan. In Suzhou Industrial Park one plot drew 74 bidding rounds and was won by China Overseas for 1.688 bln yuan, implying a floor price of 68,920 yuan/sqm and a 30.04% premium, the highest recorded residential land floor price in Suzhou.

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2026-05-29

China is the world’s largest copper producer and consumer, accounting for more than half of global copper use. A global copper processor said orders for high-voltage electromagnetic flat wire used in new energy vehicles are booked through H2 2027, cr

China is the world’s largest copper producer and consumer, accounting for more than half of global copper use. A global copper processor said orders for high-voltage electromagnetic flat wire used in new energy vehicles are booked through H2 2027, creating heavy raw-copper demand; the firm buys about 1.9 mln tons of primary and recycled copper annually. Industry forecasts put China’s NEV copper demand at 1.84 mln tonnes in 2026 and above 2.0 mln tonnes in 2027. Global data-center copper consumption is projected at 0.74 mln tons in 2026 and 1.3 mln tons in 2028.
2026-05-29

U.S. Chicago PMI for May rose to 62.7, the highest reading since January 2022.

U.S. Chicago PMI for May rose to 62.7, the highest reading since January 2022.
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