VINACHEM

Vietnam Manufacturing Purchasing Managers' Index (PMI) stood at 52.4 in August, down from 54.7 in July but still signaling a solid monthly improvement in terms of business conditions midway through the third quarter, according to the latest report released by the S&P Global.

Asian petrochemical shares slumped on Wednesday as regional bourses tracked Wall Street’s rout overnight on poor data from both the US and China, with crude prices shedding more than $1/bbl in late Asian trade.

Iron ore dropped to a two-week low after losing its hold above $100 a ton, as China’s steel market shows few signs of a revival.

Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in boosting output too quickly to avoid snuffing out a post-summer recovery.

Viet Nam’s exports to India saw a year-on-year increase of 15.2 percent over the first seven months of this year, reaching US$5.37 billion, reported the Ministry of Industry and Trade.

Yesterday, Vietnam Report Joint Stock Company released the latest Top 500 most profitable enterprises in Vietnam for 2024.

China’s nickel sulfate prices have been consolidating within the range of 26,000-27,500 yuan ($3,653-3,863) per tonne in the past few weeks, with no signs of a clear direction, sources told Fastmarkets