METALS DATA - Decline in Chinese metals industry continues to ease in Jan-Apr

Vivian Teovivian.teo@fastmarkets.comJoint News Editor - Asia

Singapore 16/05/2016 - China’s fixed asset investment in the nonferrous metal smelting and fabricating industry fell one percent year-on-year to 129.2 billion yuan ($20 billion) in January-April, according to data published by the country’s National Bureau of Statistics (NBS) on Saturday.

The drop has slowed from declines of 2.6 percent in January-March and 5.9 percent in January-February.

Investments in the Chinese nonferrous metals mining industry rose 11.9 percent year-on-year to 31.4 billion yuan in January-April, a stronger growth than 8.9 percent in January-March.

The above industries are part of those surveyed by the NBS to tabulate China’s total fixed asset investment, which in January-April grew 10.5 percent year-on-year to 13.26 trillion yuan.

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