China, India set to compete in crude refining sector

China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition…

China and India find themselves in some sort of a mini-race in the crude refining business. (As readers of our Annual Outlook know, the oil sector is one of three key macroeconomic pillars we consider in our analysis of commodities markets, in addition to the Chinese economy and the strength of the U.S. dollar). China...

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China’s steel trade is returning to form as import-export balance recalibrates

We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But…

The post China’s steel trade is returning to form as import-export balance recalibrates appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

We wrote last month how China’s rapid recovery from the COVID-19 pandemic resulted in the country importing semi-finished products for which it previously had been self-reliant or even a net exporter for the last decade. Some steel products and primary aluminum swung into becoming significant net inflows for the economy during the summer months. But...

The post China’s steel trade is returning to form as import-export balance recalibrates appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

DOC: Steel cylinders from China dumped into U.S.

The Department of Commerce made a preliminary determination in its anti-dumping investigation covering non-refillable steel cylinders imported from China. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizatio…

The Department of Commerce made a preliminary determination in its anti-dumping investigation covering non-refillable steel cylinders imported from China. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021...

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iPhone 12 Demand Linked to Increased Air Pollution in China

Analysts for Morgan Stanley have said that air quality reports in some Chinese cities suggest an increase in industrial activity linked to iPhone 12 demand (via CNBC).

Morgan Stanley analysts led by Katy Huberty used tracked air quality data from cities such as Zhengzhou, which is a major production location for Apple, to aid ‌iPhone 12‌ sales projections.

Using air quality data from a non-profit platform that collects and publishes air quality data in China, we track nitrogen dioxide levels (controlling for temperature, humidity, wind, etc.), which, according to the European Space Agency, is a first-level indicator of industrial activity, in four Chinese cities where Apple’s manufacturing partners have a large manufacturing presence.

As of October 26th, air quality data from Zhengzhou, also known as “iPhone City,” shows that industrial production levels have spiked higher recently, about a month later than historical seasonality, which we believe coincides with the ramp in ‌iPhone 12‌ mass production.

In the city of Shenzhen, Morgan Stanley believes industrial production first spiked in early September, but remained below its usual levels for the same time last year. In Chengdu, the analysts found that industrial activity has increased in recent days. Likewise, in Chongqing, industrial production has ramped significantly higher in recent days, after an initial uptick and pullback in September.

The data suggests that the ‌iPhone 12‌ and iPhone 12 Pro is performing better than expected since Apple appears to be increasing orders. Earlier today, a DigiTimes report speculated that demand for ‌iPhone 12 Pro‌ has been so strong among consumers that Apple’s delivery lead time from manufacturers has had to be extended.

Apple is set to report its fourth fiscal quarter earnings later today, although since this reporting period ends in September, it will not include ‌iPhone 12‌ and ‌iPhone 12 Pro‌ sales.

Related Roundups: iPhone 12, iPhone 12 Pro

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Analysts for Morgan Stanley have said that air quality reports in some Chinese cities suggest an increase in industrial activity linked to iPhone 12 demand (via CNBC).



Morgan Stanley analysts led by Katy Huberty used tracked air quality data from cities such as Zhengzhou, which is a major production location for Apple, to aid ‌iPhone 12‌ sales projections.

Using air quality data from a non-profit platform that collects and publishes air quality data in China, we track nitrogen dioxide levels (controlling for temperature, humidity, wind, etc.), which, according to the European Space Agency, is a first-level indicator of industrial activity, in four Chinese cities where Apple's manufacturing partners have a large manufacturing presence.

As of October 26th, air quality data from Zhengzhou, also known as "iPhone City," shows that industrial production levels have spiked higher recently, about a month later than historical seasonality, which we believe coincides with the ramp in ‌iPhone 12‌ mass production.


In the city of Shenzhen, Morgan Stanley believes industrial production first spiked in early September, but remained below its usual levels for the same time last year. In Chengdu, the analysts found that industrial activity has increased in recent days. Likewise, in Chongqing, industrial production has ramped significantly higher in recent days, after an initial uptick and pullback in September.

The data suggests that the ‌iPhone 12‌ and iPhone 12 Pro is performing better than expected since Apple appears to be increasing orders. Earlier today, a DigiTimes report speculated that demand for ‌iPhone 12 Pro‌ has been so strong among consumers that Apple's delivery lead time from manufacturers has had to be extended.

Apple is set to report its fourth fiscal quarter earnings later today, although since this reporting period ends in September, it will not include ‌iPhone 12‌ and ‌iPhone 12 Pro‌ sales.
Related Roundups: iPhone 12, iPhone 12 Pro

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Canalys: Apple ‘Still Has Much to Prove’ With HomePod Mini in Crowded Smart Speaker Market

A new report from Canalys has forecasted the global smart speaker market for next year, projecting that it will reach 163 million units, a growth of 21 percent.

Mainland China is expected to be the main market for smart speakers next year with a growth of 16 percent. The rest of the market is expected to grow by just three percent. In spite of this, 2021 is believed to be a much stronger year for smart speakers due to increased demand, as well as improved products and availability.

HomePod mini is presumed to pose a challenge to incumbent smart speakers, although Canalys Research Manager Jason Low says that the new device may yet face some challenges.

Apple still has much to prove to attract users, especially as the ‌HomePod mini‌ is up against other new US$99 devices, which are larger in size and with assistants perceived to be smarter. Apple must deliver its acclaimed premium user experience by leveraging its proprietary ecosystem of hardware, software and services. The ‌HomePod mini‌ would give its competitors a run for their money if the sound quality proves to be better despite its smaller size, and if the UWB and Intercom features work seamlessly for users.

It is also notable that Apple will be the only global platform vendor selling hardware and services within China.

“The US$99 (approximately CYN700) price segment is pretty much a no-mans-land in China, yet adequate to appeal to Apple’s user-base. Apple should take this opportunity to drive the uptake of its music and other services consumed at home,” said Canalys Research Analyst Cynthia Chen.

The global smart speaker installed base is forecast to reach 640 million units by 2024, which Canalys says is “paving the way for the ambient computing paradigm shift.”

Related Roundups: HomePod, HomePod mini
Tags: China, Canalys

This article, “Canalys: Apple ‘Still Has Much to Prove’ With HomePod Mini in Crowded Smart Speaker Market” first appeared on MacRumors.com

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A new report from Canalys has forecasted the global smart speaker market for next year, projecting that it will reach 163 million units, a growth of 21 percent.



Mainland China is expected to be the main market for smart speakers next year with a growth of 16 percent. The rest of the market is expected to grow by just three percent. In spite of this, 2021 is believed to be a much stronger year for smart speakers due to increased demand, as well as improved products and availability.

HomePod mini is presumed to pose a challenge to incumbent smart speakers, although Canalys Research Manager Jason Low says that the new device may yet face some challenges.

Apple still has much to prove to attract users, especially as the ‌HomePod mini‌ is up against other new US$99 devices, which are larger in size and with assistants perceived to be smarter. Apple must deliver its acclaimed premium user experience by leveraging its proprietary ecosystem of hardware, software and services. The ‌HomePod mini‌ would give its competitors a run for their money if the sound quality proves to be better despite its smaller size, and if the UWB and Intercom features work seamlessly for users.


It is also notable that Apple will be the only global platform vendor selling hardware and services within China.

"The US$99 (approximately CYN700) price segment is pretty much a no-mans-land in China, yet adequate to appeal to Apple’s user-base. Apple should take this opportunity to drive the uptake of its music and other services consumed at home," said Canalys Research Analyst Cynthia Chen.


The global smart speaker installed base is forecast to reach 640 million units by 2024, which Canalys says is "paving the way for the ambient computing paradigm shift."
Related Roundups: HomePod, HomePod mini
Tags: China, Canalys

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What does China’s environment pledge mean for its massive steel sector?

According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will…

The post What does China’s environment pledge mean for its massive steel sector? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

According to the Financial Times, China’s President Xi Jinping surprised the global community by announcing last month a hugely ambitious plan to improve China’s environment and make the country carbon-neutral by 2060. In addition, he said the country’s emissions would peak before 2030. But does this really mean anything? If it does, what impact will...

The post What does China’s environment pledge mean for its massive steel sector? appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

China is leading the metals rebound

A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and…

The post China is leading the metals rebound appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

A relatively swift exit from pandemic lockdowns and the impact of stimulus-led infrastructure investment have powered China’s metals rebound. Furthermore, the Shanghai Futures Exchange has continued its summer disconnect from the London Metal Exchange aluminum price, which started in April of this year. The resulting arbitrage window has sucked in imports of aluminum primary and...

The post China is leading the metals rebound appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Apple Removes RSS Feed Readers From Chinese App Store

Apple has reportedly removed two RSS feed reader apps from China’s App Store to comply with Chinese law. Fiery Feeds and Reeder both tweeted that their iOS apps had been removed in China over content that is considered “illegal” in the country.

Same here. Reeder 4 (iOS) was also removed from the Chinese ‌App Store‌. https://t.co/95aXs4MaEh

— Reeder (@reederapp) September 29, 2020

Fiery Feeds quoted a three-year-old tweet from Inoreader, a similar RRS service that was banned from Apple’s Chinese ‌App Store‌ back in 2017 and had its entire service blocked in the country in April. Apple’s original message to Inoreader read:

We are writing to notify you that your application will be removed from the China ‌App Store‌ because it includes content that it illegal in China, which is not in compliance with the ‌App Store‌ Review Guidelines:

5. Legal

Apps must comply with all legal requirements in any location where you make them available (if you’re not sure, check with a lawyer). We know this stuff is complicated, but it is your responsibility to understand and make sure your app conforms with all local laws, not just the guidelines below. And of course, apps that solicit, promote, or encourage criminal or clearly reckless behavior will be rejected.

It’s not clear why Apple waited until now to block the additional feed readers, but the fact that it pulled these apps at all suggests RSS readers can sometimes circumvent China’s Great Firewall and pull in content from third-party websites that are otherwise on its blocked list.

Apple has faced increasing pressure from investors and human rights activists about its relationship with China and its tendency to comply with Beijing’s demands. Last year, for example, Apple removed the app of news outlet Quartz from China’s ‌‌‌App Store‌‌‌ after complaints from the government that it included content that is illegal in the country. The app was covering the Hong Kong Umbrella Movement protests at the time.

Apple has also been forced to remove many VPN apps from the ‌‌‌App Store‌‌‌ in China due to the administration’s regulations. Other apps affected in the past include WhatsApp, Facebook, Snapchat, Twitter, and the New York Times app.

Earlier this month, Apple published a human rights policy document that commits to “freedom of information and expression,” following years of criticism from investors that it shows too much deference to Beijing and accedes to China’s censorship demands.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

This article, “Apple Removes RSS Feed Readers From Chinese App Store” first appeared on MacRumors.com

Discuss this article in our forums

Apple has reportedly removed two RSS feed reader apps from China's App Store to comply with Chinese law. Fiery Feeds and Reeder both tweeted that their iOS apps had been removed in China over content that is considered "illegal" in the country.


Fiery Feeds quoted a three-year-old tweet from Inoreader, a similar RRS service that was banned from Apple's Chinese ‌App Store‌ back in 2017 and had its entire service blocked in the country in April. Apple's original message to Inoreader read:
We are writing to notify you that your application will be removed from the China ‌App Store‌ because it includes content that it illegal in China, which is not in compliance with the ‌App Store‌ Review Guidelines:

5. Legal
Apps must comply with all legal requirements in any location where you make them available (if you're not sure, check with a lawyer). We know this stuff is complicated, but it is your responsibility to understand and make sure your app conforms with all local laws, not just the guidelines below. And of course, apps that solicit, promote, or encourage criminal or clearly reckless behavior will be rejected.
It's not clear why Apple waited until now to block the additional feed readers, but the fact that it pulled these apps at all suggests RSS readers can sometimes circumvent China's Great Firewall and pull in content from third-party websites that are otherwise on its blocked list.

Apple has faced increasing pressure from investors and human rights activists about its relationship with China and its tendency to comply with Beijing's demands. Last year, for example, Apple removed the app of news outlet Quartz from China's ‌‌‌App Store‌‌‌ after complaints from the government that it included content that is illegal in the country. The app was covering the Hong Kong Umbrella Movement protests at the time.

Apple has also been forced to remove many VPN apps from the ‌‌‌App Store‌‌‌ in China due to the administration's regulations. Other apps affected in the past include WhatsApp, Facebook, Snapchat, Twitter, and the New York Times app.

Earlier this month, Apple published a human rights policy document that commits to "freedom of information and expression," following years of criticism from investors that it shows too much deference to Beijing and accedes to China's censorship demands.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
This article, "Apple Removes RSS Feed Readers From Chinese App Store" first appeared on MacRumors.com

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India turns net exporter of steel to China amid weaker domestic demand

India turned a net exporter of steel to China (and other countries) during April-August 2020 for the first time in several years, credit rating agency CRISIL reported. See why technical analysis is a superior forecasting methodology over fundamental an…

India turned a net exporter of steel to China (and other countries) during April-August 2020 for the first time in several years, credit rating agency CRISIL reported. See why technical analysis is a superior forecasting methodology over fundamental analysis and why it matters for your steel buy. India becomes net exporter amid domestic demand slump...

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US Downloads of TikTok and WeChat to Be Banned on Sunday

The U.S. Commerce Department is moving to ban downloads of TikTok and WeChat within the United States from this Sunday (via Reuters).

The U.S. Commerce Department plans to issue an order today that will “deplatform” WeChat and TikTok by banning people in the United States from downloading the apps. The order will take effect from Sunday, September 20.

U.S. government officials speaking to Reuters said that the ban on downloads of TikTok could still be rescinded before it takes effect late on Sunday, providing that TikTok owner ByteDance can agree on a deal to sell its U.S. operations.

Commerce Department officials said they were taking the unprecedented step of banning the apps because of the risks posed by their data collection practices and Chinese ownership. ByteDance and WeChat-owner Tencent Holdings have repeatedly denied that U.S. data collection is used for spying.

“We have taken significant action to combat China’s malicious collection of American citizens’ personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations,” said Commerce Secretary Wilbur Ross.

ByteDance has been in serious talks with U.S. cloud computing company Oracle for some time, and proposed an agreement to form a new company called “TikTok Global,” in order to address U.S. security concerns. ByteDance still requires the approval of President Donald Trump to acquiesce to a deal and prevent a ban, and there is doubt about whether an agreement will be reached.

All domestic app stores, including the Apple App Store and the Google Play Store, will be compelled to remove both apps on any platform “that can be reached from within the United States.” Other apps from ByteDance and Tencent, such as games, will continue to be available under this order.

The order will only ban the apps within the United States, and U.S. companies, such as Walmart and Starbucks, will still be able to conduct business using TikTok and WeChat outside of the U.S. as they currently do.

The Commerce Department also said that it will not seek to compel people in the United States to remove the apps or stop using them, but it will forbid further updates or new downloads. A Commerce official said “We are aiming at a top corporate level. We’re not going to go out after the individual users.”

The order will also bar “additional technical transactions,” “content delivery services,” “peering services,” and data hosting within the United States, meaning that the usability and functionality of the apps for those who already have them in the United States will degrade significantly. For TikTok, to give more time to secure a deal, the degradation in existing service will not take place until November 12.

It is unclear if the news from U.S. Commerce Department officials is intended to serve as a warning-shot to hasten a deal for TikTok with Oracle, or if the White House, dissatisfied with Oracle’s proposal, is truly seeking to ban TikTok outright. WeChat is not being considered for an acquisition deal and therefore cannot avoid the ban.

President Trump initially issued an executive order on August 6 that gave the Commerce Department 45 days to determine what apps posed a national security threat. This is why the ban comes into effect on Sunday. Today’s new order is set to be published in full at 8:45 a.m. EDT.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

This article, “US Downloads of TikTok and WeChat to Be Banned on Sunday” first appeared on MacRumors.com

Discuss this article in our forums

The U.S. Commerce Department is moving to ban downloads of TikTok and WeChat within the United States from this Sunday (via Reuters).



The U.S. Commerce Department plans to issue an order today that will "deplatform" WeChat and TikTok by banning people in the United States from downloading the apps. The order will take effect from Sunday, September 20.

U.S. government officials speaking to Reuters said that the ban on downloads of TikTok could still be rescinded before it takes effect late on Sunday, providing that TikTok owner ByteDance can agree on a deal to sell its U.S. operations.

Commerce Department officials said they were taking the unprecedented step of banning the apps because of the risks posed by their data collection practices and Chinese ownership. ByteDance and WeChat-owner Tencent Holdings have repeatedly denied that U.S. data collection is used for spying.

"We have taken significant action to combat China's malicious collection of American citizens' personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations," said Commerce Secretary Wilbur Ross.


ByteDance has been in serious talks with U.S. cloud computing company Oracle for some time, and proposed an agreement to form a new company called "TikTok Global," in order to address U.S. security concerns. ByteDance still requires the approval of President Donald Trump to acquiesce to a deal and prevent a ban, and there is doubt about whether an agreement will be reached.

All domestic app stores, including the Apple App Store and the Google Play Store, will be compelled to remove both apps on any platform "that can be reached from within the United States." Other apps from ByteDance and Tencent, such as games, will continue to be available under this order.

The order will only ban the apps within the United States, and U.S. companies, such as Walmart and Starbucks, will still be able to conduct business using TikTok and WeChat outside of the U.S. as they currently do.

The Commerce Department also said that it will not seek to compel people in the United States to remove the apps or stop using them, but it will forbid further updates or new downloads. A Commerce official said "We are aiming at a top corporate level. We're not going to go out after the individual users."

The order will also bar "additional technical transactions," "content delivery services," "peering services," and data hosting within the United States, meaning that the usability and functionality of the apps for those who already have them in the United States will degrade significantly. For TikTok, to give more time to secure a deal, the degradation in existing service will not take place until November 12.

It is unclear if the news from U.S. Commerce Department officials is intended to serve as a warning-shot to hasten a deal for TikTok with Oracle, or if the White House, dissatisfied with Oracle's proposal, is truly seeking to ban TikTok outright. WeChat is not being considered for an acquisition deal and therefore cannot avoid the ban.

President Trump initially issued an executive order on August 6 that gave the Commerce Department 45 days to determine what apps posed a national security threat. This is why the ban comes into effect on Sunday. Today's new order is set to be published in full at 8:45 a.m. EDT.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
This article, "US Downloads of TikTok and WeChat to Be Banned on Sunday" first appeared on MacRumors.com

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