I. Demand-Side FactorsDownstream Industry Demand Structure: The two largest consumer sectors of steel are construction and manufacturing. The strength or weakness of demand in these sectors directly determines steel price trends. Recently, the market has shown a divergence between strong manufacturi

Russian President Vladimir Putin arrived in Beijing on the evening of May 19 for a two-day state visit to China. This is Putin's 25th visit to China, and the accompanying delegation is substantial, including five deputy prime ministers and eight ministers, among other high-ranking officials.On the m

1. Geopolitical Conflicts Leading to Supply DisruptionsSince the beginning of this year, the ongoing geopolitical tensions in the Middle East, particularly the risks posed by the Strait of Hormuz, a key energy corridor, have directly pushed up international oil prices. Brent crude oil surged to $112

1. Strategic Level: Establishing a New Position and Managing Competition and DifferencesBoth sides agreed to build a "constructive strategic and stable relationship between China and the United States," providing clear strategic guidance for bilateral relations in the coming years. China explicitly

From a global perspective, the oil price surge in May did not escalate into an out-of-control energy crisis, primarily due to the contrasting yet complementary roles played by China and the United States.Supply Side: The US Acts as a "Super Seller"With the world losing over 12 million barrels of Mid