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• Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

  Official data revealed that Guinea's exports of bauxite grew by 23% in the third quarter compared to the same period last year, despite heavy rains and regulatory obstacles. According to the data reviewed on Wednesday by the Ministry of Mines and Geology, shipments of the critical aluminum feedstock increased to 39.41 millions metric tons, from 32 million metric tons in Q3 of 2024. The bulk of the shipment was sent to China. Guinea, which is the second largest bauxite exporter in the world, shipped an average of 13.14 million tonnes per month in Q3, a 19% drop from the first quarter. Heavy rains slowed down port operations and disrupted access to mines, highlighting the seasonal volatility within the country's supply chains. The recovery comes despite a crackdown from Guinea's military government which has revoked licenses and forced miners to construct alumina refining plants, creating operational uncertainties. Bernabe Sánchez, an independent mineral expert focused on Guinea, said that with these volumes, Guinea’s annual bauxite production is likely to be around 180 million tonnes, well below the pace of the first half but still over 20% above the record set last year. CHINA DEEPENS GRIP According to data from the Guinean Ministry, Chinese firms accounted for 54.6% (or 17.51m tonnes) of Guinea's exports in Q3. Guinea is a major supplier of bauxite to China, and this gives Beijing a growing influence over the global aluminum supply chain. China's aluminum output remained strong despite a drop in steel production. According to official Chinese data, the primary production increased by 2.6% on an annual basis in Q1 of 2025. This was driven by demand for electric vehicles and infrastructure. Guinea's bauxite production surge coincides with the first shipment of iron ore from the Simandou project, which has been delayed for years. The majority of high-grade ore is headed to China. Conakry is now a major supplier of industrial machinery to China. The data revealed that Guinea exported only 78,000 tonnes of aluminum in Q3 2025 despite government pressure to miners to build local alumina factories. LME aluminium, CMAL3, rose by 0.4% to $2.747.50 per tonne. Maxwell Akalaare Adombila reported; Chizu Nomiyama edited.

• Oil prices rise 1% after Trump claims India has promised to stop purchasing Russian oil

  The oil prices increased by about 1% on Thursday morning after U.S. president Donald Trump announced that Indian Prime Minister Narendra modi had promised to stop purchasing oil from Russia. Russia supplies around one-third the country's imports. Brent crude futures increased 57 cents or 0.9% to $62.48 per barrel at 0046 GMT. U.S. West Texas Intermediate futures (WTI) also gained 0.9% or 54 cents to trade at $58,81. The two contracts reached their lowest levels since early May, in the previous session due to the U.S.-China tensions. Also, the International Energy Agency had warned that a large surplus would be expected next year because OPEC+ producers will increase output amid low demand. Trump announced on Wednesday that India will stop buying oil from Russia, its largest supplier. The U.S. will then try to convince China to follow suit as Washington intensifies its efforts to cut Moscow's revenue and to pressure it to negotiate an agreement in Ukraine. India and China are two of the top buyers for Russian crude oil exports by sea, which is sanctioned both by the U.S.A. and the European Union. Modi has resisted U.S. demands to stop purchasing Russian oil for months. Indian officials have defended the purchases, claiming they are vital to India's energy security. Tony Sycamore is a market analyst with IG. He said, "At a margin, this would be a positive development as it would remove a major buyer of Russian oil (India)." Investors will be looking for the U.S. Energy Information Administration's (EIA's) weekly U.S. Inventory Statistics release on Thursday after the mixed data released by the American Petroleum Institute trade group. Market sources cited API figures to say that U.S. crude, gasoline, and distillate stocks increased last week while inventories decreased. The sources reported that crude stocks increased by 7.36 millions barrels during the week ending October 10. Gasoline inventories also rose by 2.99 million barrels. Distillate inventories, however, fell by 4.79million barrels compared to a previous week. The U.S. remains the world's largest oil consumer. While the distillate stockpiles are down, they indicate a stronger demand for diesel. Analysts predict that U.S. crude stocks rose by approximately 0.3 million barrels in the past week. (Reporting and editing by Jacqueline Wong, Jamie Freed, and Katya Glubkova from Tokyo)

• Shanghai copper falls as traders focus trade tensions, weak dollar limits decline

  Shanghai copper fell on Friday, as investors continued to focus on trade tensions. However, a weaker U.S. Dollar and the rising prospect of another Fed rate reduction limited losses. As of 0330 GMT the most traded copper contract on Shanghai Futures Exchange fell 0.42%, trading at 84630 yuan (11,881.56) a metric ton, and is expected to finish the week down 2.42%. The benchmark copper for three months on the London Metal Exchange fell 0.82%, to $10,560 per ton. This was a 0.46% gain in a week. Market participants continue to be cautious as they closely monitor trade developments between China, the United States and other countries as an important meeting between these two countries approaches. China blamed Thursday the United States of creating a panic in the world over its control on rare earth exports. The U.S. official's comments on Wednesday that China's expansion in rare earth exports is a danger to global supply chains and threatens to decouple, as well as their urging China to alter its course. Beijing claimed that the U.S. "seriously misrepresented" China's actions and deliberately stoked misunderstandings and panic. The Federal Reserve cut interest rates again, which helped to support copper's decline. The soft dollar makes commodities that are traded in greenbacks cheaper for investors who use other currencies. Fed Governor Christopher Waller announced on Thursday that he would be on board with another rate reduction later this month. Citing weak labour market statistics, his colleague Stephen Miran urged a more aggressive path of rate cuts. Zinc fell 0.48% among SHFE's base metals. Lead was down 0.26%. Tin grew 0.52%. Aluminium and nickel were not affected. Zinc fell 0.72% on the LME, nickel dropped 0.41%, tin declined 0.23%, and lead rose 0.28%. Aluminium was relatively unchanged. ($1 = 7.1228 Chinese yuan renminbi) Friday, October 17, DATA/EVENTS - (GMT) 0900 EU Housing Starts Number Sep. 1230 US Import prices YY Sept. (Reporting from Dylan Duan and Lewis Jackson).

• The weekly iron ore loss is set to rise on the back of renewed US-China tensions and rising supply

  The iron ore futures price fell by a significant amount on a weekly basis as the trade tensions between the U.S. and China weighed down on the outlook for demand. The most traded January iron ore contract at China's Dalian Commodity Exchange was unchanged by 0339 GMT. It stood at 773 Yuan ($108.52), representing a 2.8% decline so far this week. As of 0329 GMT, the benchmark November iron ore traded on Singapore Exchange was down 0.31% at $104.6 per ton. The price has fallen by 1.7% this week. The price of key steelmaking ingredients was supported by the strong demand from China, the top consumer. This helped to limit further declines on Friday. Data from Mysteel revealed that the average daily hot metal production stood at 2,41 million tons during the week ending October 16. This level indicates a steady ore supply despite a small drop of 0.2% on a week-to-week basis. Trade friction between China and the United States has rekindled concerns about China's ability to achieve its economic growth goal of around 5%. U.S. president Donald Trump has threatened to end some trade relations with China, and impose additional tariffs of 100% on imports. This comes after Beijing expanded its export restrictions last week on rare earths which are essential for electric vehicles and the defense sector. The expectation of increased supply in the fourth-quarter added pressure to ore prices. Rio Tinto, the world's biggest iron ore supplier, said Tuesday that it must finish strong in order to reach its target for iron ore shipments. Analysts said that other steelmaking ingredients, such as coking coal and Coke, have gained 1.72 % and 1.73 %, respectively, due to a shortage of these materials caused by safety checks. The benchmarks for steel on the Shanghai Futures Exchange have gained some ground. Rebar grew by 0.43%. Hot-rolled coils gained 0.47%. Wire rod climbed 0.66%. Stainless steel rose 0.56%. Reporting by Amy Lv & Colleen Howe. $1 = 7.1231 Chinese Yuan.

• Gold reaches new records as Fed rate-cut betting drives gold to record highs

  Gold reached a record-high for the fourth consecutive session on Thursday as investors flocked into the metal of safety due to brewing U.S. China trade tensions, and the U.S. Government shutdown. Bets on interest rates cuts also fueled the momentum. As of 09:10 am, spot gold was up by 0.8% to $4,242.65 an ounce. ET (1310 GMT), after bullion reached a record high earlier of $4,254.61. U.S. Gold Futures for December Delivery were up 1.3% to $4,256.70. Yellow metal is up over 60% in the past year, thanks to geopolitical tensions and aggressive bets on rate cuts, central bank purchases, dedollarisation, and strong ETF flows. The rate-cut scenario heading into 2026, as well as developments surrounding U.S. China will determine the trajectory of gold. "If no deal is made between the U.S. and China, the relationship will continue to deteriorate. That could be what gold needs to break the barrier of $5000/oz," said Zain Vwda. Analyst at MarketPulse. This week, investors have been focused on the U.S.-China Trade Spat. Washington criticised China's increased rare earth export controls on Wednesday as a danger to global supply chains. Traders have priced in a rate cut of 25 basis points by the U.S. Federal Reserve in October and a second in December with probabilities as high as 98% and 95%. Gold that does not yield is usually a good investment in an environment with low interest rates. Vawda stated that short-term gold pullbacks are likely to be temporary as bullish investors use dips to enter positions. HSBC increased its forecast for the average price of gold in 2025 to $3,355 per ounce, citing geopolitical tensions and economic uncertainty, as well as a weaker U.S. Dollar. The ongoing U.S. shutdown has also halted the release of scheduled economic data. A Treasury official warned that the loss in output could be as high as $15 billion per week. Silver spot fell by 0.2%, to $52.96 an ounce. It had hit a record high $53.60 per ounce on Tuesday. The rally in gold was mirrored and the tightness of the spot market supported this decline. Palladium rose 1.8%, to $1,564.00, while platinum was up 0.7% at $1,665.24. (Reporting and editing by Vijay Kishore in Bengaluru, Sherin Elizabethvarghese from Bengaluru)

• Stocks and the euro rise as France votes on confidence

  The stock market retreated to all-time highs on Friday as strong corporate earnings offset the simmering U.S. China trade tensions. Meanwhile, the euro edged up as France's Prime Minister passed the first crucial vote of confidence. Gold's appeal as a safe haven showed no sign of waning, as it continued its record-breaking run. The dollar fell for a third consecutive day and oil climbed from soaring lows of five months after U.S. president Donald Trump announced that India had promised to stop purchasing oil from Russia. Europe's bond market cooled meanwhile after a rally lasting four days that drove regional borrowing costs down to their lowest levels in months. Sebastien Lecornu, the now-reinstated French Prime Minister, was about to face his second of two confidence votes in France. A debt auction would follow. Michael Metcalfe of State Street, the head of global macro-strategy, stated that he expected the situation to stabilize in France, with Lecornu passing the test after his promise to delay the increase in France's retirement. Metcalfe added that the market is now examining whether the dollar starts to drop again. "Have you seen a stabilisation in the dollar's sentiment or is it just a reflection of increased political uncertainty outside of the U.S.??" He said. HOT CHIPS In Asia, both politics and economy drove the overnight movements. The Nikkei index of Japan rose 1.3%, while the yen dipped as Sanae Takaichi's chances to become Japan’s first female premier appeared brighter. This stoked bets that Japan would see a return to big spending and looser monetary policy. As trading ended, shares of chip- and AI-related companies also saw a surge. Taiwanese chips maker TSMC reported record earnings. Its customers include Nvidia, Apple and Apple. The CEO of the company said that it expected artificial intelligence demand to remain robust, raising its revenue guidance for 2025 to mid-30% in U.S. dollars from around 30%. It also maintained its commitment to spending up to $42 Billion this year. CEO C.C. Wei said in an earnings call. South Korea's KOSPI, dominated by the tech sector, jumped 2,2% to reach its record high after the chief adviser to the president of the country said that he is "optimistic about the ongoing negotiations to finalise an agreement with the United States." Australian stocks gained nearly 1%, and reached a new record high. This was after the poor employment data increased the chances of further central bank rate cuts. This also led to a drop in the Australian dollar. Kit Juckes, Societe Generale’s Kit Juckes, said that nobody had predicted the drop in unemployment. He added that the yen looked "stuck", because "a minority government will want fiscal stimulus but not rate hikes." GOLD SURGE CONTINUES Gold reached a record $4,241.77 an ounce after a 0.8% increase. Dollar meanwhile fell for the third consecutive session, falling 0.2% against an index of major counterparts. Investors are closely monitoring China's recent expansion of its rare earth export controls. Senior U.S. officials have strongly criticised this move on Wednesday and warned that it may disrupt global supply chains. Chris Turner, Global Head of Markets at ING, said: "The question that financial markets must ask is whether China's export controls on rare Earths are merely a bargaining tactic to get greater concessions from America." Scott Bessent, U.S. Treasury secretary, said that despite the titt-for-tat, Trump expects to still meet Chinese President Xi Jinping this month in South Korea. Trump's trade maneuvers have also helped oil prices rise from five-month lows. Brent crude futures are up 0.4% to $62.13 per barrel, and U.S. West Texas Intermediate futures are up 0.7% at $58.69. Trump announced on Wednesday that India would stop buying oil from Russia, its largest supplier, and Washington will then try to convince China to follow suit as Washington intensifies efforts in order to press Moscow to reach a peace agreement with Ukraine. (Editing by Joe Bavier).

• Copper prices fall as trade tensions and the US government shutdown weigh

  The copper price fell on Thursday, as U.S. China trade tensions and uncertainty caused by the United States shutdown weighed down on sentiment. However, the weaker dollar offered some support. At 0923 GMT, the benchmark copper price on London Metal Exchange had fallen by 0.7% to $10,566 per metric tonne. Last week, fears about tight supply due to disruptions in mining drove prices up to $11,000 per ton. This was a 16-month record. The U.S. government shutdown has lasted two weeks. Cost A Treasury official late on Wednesday said that the loss of output could be as high as $15 billion per week, which is a factor in the drop in the dollar. Metal traders reported that concerns about manufacturing and demand growth, especially in China, the world's largest consumer, have resurfaced. Some companies who had bet on higher copper prices are now reducing their positions. The GDP data for third quarter forecast is likely to confirm the expectations of poor demand prospects, given China's heavy reliance on exports and manufacturing. at a lower Rate than the second quarter. Goldman Sachs analysts expect the market will remain surplus "for now", and they also expect Chinese buyers to avoid the market if the price exceeds $11,000. In a recent report, they stated that "current high prices for Copper... reflect bullish sentiment for 2026. Fueled by U.S. Fed rate cuts, expectations for a weaker Dollar and AI-related Capex." Analysts expect copper demand to increase due to data centres, grid infrastructure and investment. Increases in the next few decades are expected to be substantial. Two companies hold large amounts of warrants, which are title documents that confer ownership of metals stored in LME registered warehouses (0#LMEWHL>). Also, large amounts of forwards and cash contracts 0#LMEWHC>0#LMEFBR> are being analyzed. Cash contract for three-month forward has been boosted by concerns about a tight LME aluminum market This week, the price of a ton of climbed to its highest level since February, surpassing $21. Last trading price was around $7. Aluminium for three months rose by 0.4%, to $2.755 per ton. Zinc was up 0.1%, at $2.943, while lead remained unchanged at $1.982. Tin increased 0.3%, to $35,500, and nickel fell 0.1%, to $15,175. (Reporting and editing by Harikrishnan Nair; reporting by Pratima Dasai)

• Dalian iron ore reaches a 6-week low after betting on falling demand

  Dalian iron ore prices fell further on Thursday to a six-week low, due to the expectation of a fall in demand from China, their biggest consumer. The January contract for iron ore on China's Dalian Commodity Exchange ended daytime trading 0.89% lower, at 773.5 Yuan ($108.56), after hitting its lowest level since September 1, at 766.5 Yuan. As of 0809 GMT, the benchmark November iron ore price on the Singapore Exchange had slipped 0.02%, to $105.1 per ton, as hopes for further rate cuts by the U.S. Federal Reserve helped to curb some losses. On Wednesday, the contract reached a low of almost $103.6 per ton. A weaker dollar makes commodities priced in dollars cheaper for buyers of other currencies. Steven Yu, senior analyst at Mysteel, says that the market is now focusing on the potential softening of fundamentals within the steel industry, amid signs of a de-escalation in trade tensions between China and the U.S. "While stocks did fall this week, it was better than expected. However, steel inventories are expected to rise in the coming weeks. This could reduce demand for ore," Yu said. The disappointing credit data from China has also raised concerns about the outlook for demand. China's new loans to banks in September were lower than expected, as policymakers struggled to reverse an extended property slump and curb overcapacity. The renewed U.S. China trade war, fueled by the tit for tat port fee, has overshadowed the hopes of talks between the sides. This has weighed on sentiment and driven down ore prices. The Shanghai Futures Exchange saw a rise in most steel benchmarks. Wire rod, stainless steel and rebar all gained ground, but hot-rolled coils lost 0.19%. Coking coal, which is also used to make steel, increased by 3.36%. $1 = 7.1250 Chinese Yuan (Reporting and editing by Amy Lv, Colleen howe and Harikrishnan Nair).

• Shanghai copper prices rise as countries warn about low processing fees; trade problems persist

  Shanghai copper rose on Thursday as investors focused their attention on the supply risks, with several countries warning of a tumbling fee for processing, and U.S. China trade tensions ahead of a high-stakes summit between leaders from both nations. The Shanghai Futures Exchange's most active copper contract closed the daytime trading at 85,050 Yuan ($11,938.18) a metric ton. As of 0703 GMT, the benchmark three-month price for copper at the London Metal Exchange was down by 0.13%, to $10,627 per ton. Japan, Spain and South Korea expressed concern on Wednesday over the plummeting treatment and refining fees (TC/RCs) for copper. They said the decline in this key revenue source threatened the sustainability of the copper industry. Three copper importers have warned that a persistently low or even negative TC/RC could reduce refined production by eroding profits. The warning was issued to intensify concerns about the refined copper supply, due to falling TC/RCs. This has given some support to red metal. Investors also pay attention to the latest developments in trade tensions between the United States and China. The top U.S. officials including Trade Representative Jamieson Grer and Treasury Sec. Scott Bessent warned that China's controls on rare earth exports were a threat to supply chains. They urged Beijing not to continue with its current course and warned of further decoupling. Beijing, on the other hand, defended its measure by saying that it did not constitute a ban on exports. The remarks were the latest development in the lead-up to a possible meeting between U.S. president Donald Trump and Chinese president Xi Jinping later this month, although the recent flare up of tensions has raised questions about whether or not the meeting will actually take place. Aluminium gained 0.48% among the SHFE base metals. Nickel closed at 0.21%. Lead rose by 0.26%. Tin increased by 0.34%. Zinc was the only one to fall by 0.25%. The LME also saw gains in aluminium, zinc, nickel, and lead. Lead rose by 0.1% while tin climbed 0.5%. $1 = 7.1242 Chinese Yuan Renminbi (Reporting and editing by Rashmi aich and Ronojoy Mazumdar;

• Shanghai copper prices rise as countries warn about low processing fees; trade problems persist

  Shanghai copper rose on Thursday as investors focused their attention on the supply risks, with several countries warning of tumbling processing fees, and U.S. China trade tensions ahead of a high-stakes summit between leaders from both nations. As of 0320 GMT, the most active copper contract traded on Shanghai Futures Exchange rose 0.34%, to 85,250 yuan (11,967.77 dollars) per metric tonne. The benchmark copper price for three months on the London Metal Exchange has barely changed. It is now $10,638.5 per ton, down just 0.02%. Japan, Spain and South Korea expressed concern on Wednesday over the plummeting treatment and refining fees (TC/RCs) for copper. They said the decline in this key revenue source threatened the sustainability of the copper industry. Three copper importers have warned that a persistently low or even negative TC/RC could reduce refined production by eroding profits. The warning was issued to intensify concerns about the refined copper supply, due to falling TC/RCs. This has given some support to red metal. Investors also pay attention to the latest developments in trade tensions between the United States and China. The top U.S. officials including Trade Representative Jamieson Grer and Treasury Sec. Scott Bessent warned that China's controls on rare earth exports were a threat to supply chains. They urged Beijing not to continue with its current course and warned of further decoupling. Beijing, on the other hand, defended its measure by saying that it did not constitute an export prohibition. The remarks were the latest development in the lead-up to a possible meeting between U.S. president Donald Trump and Chinese president Xi Jinping later this month, although the recent flare up of tensions has raised questions about whether or not the meeting will actually take place. Aluminium, lead, tin, and zinc all posted increases of 0.37%. Zinc, however, only showed a slight decrease of 0.2%. Nickel was not affected. Aluminium, zinc, nickel, and lead all rose in price on the LME. Tin also increased by 0.51%.

• Gold reaches record levels on the back of trade anxiety, as Asia stocks rally with Wall Street

  The stock market rose in most of Asia, and the chip sector was buoyant after a strong overnight rally by U.S. counterparts. Wall Street's strong start to earnings season also lifted the mood. The simmering trade tensions between Beijing, Washington and Tokyo increased the appeal of safe-havens such as gold (which reached a new record high) and the Japanese yen while undercutting dollar. Crude oil prices rose after U.S. president Donald Trump announced that Indian Prime minister Narendra Modi had promised to stop purchasing oil from Russia. This country supplies around one-third its imports. Nikkei gained 0.8% in Japan, as shares related to chip technology and artificial intelligence boosted the index. All three equity benchmarks reached new highs. The KOSPI in South Korea jumped by 1.8%, while Australia's equity index climbed by 1.1%. Taiwan's TSMC will report earnings in the afternoon, following Dutch chip-making tools manufacturer ASML, which reported third-quarter orders, operating income and profits above market expectations. Hong Kong and mainland Chinese stocks were also higher, after an initial wobble. This was despite the drag of trade tensions. The U.S. Stock Futures are flat after overnight gains of 0.4% for the S&P500 and 0.6% for the tech-heavy Nasdaq. The Philadelphia SE Semiconductor Index soared 3%. Stock investors were captivated by the AI narrative, and the signs of economic strength in the form of robust U.S. Bank earnings. This was despite Trump's announcement late Wednesday that "the U.S. has entered a trade conflict with China", which the markets already concluded based on recent comments made by both sides. Gold reached a record $4,234.41 an ounce in the last session. The dollar fell for the third consecutive session, falling 0.2% against a basket major counterparts. It fell as much as 0.4%, to 150.51yen. This brought the psychologically important 150-yen line into focus. The Swiss franc also fell 0.4%, another haven currency. The euro increased by 0.2% to $1.1667. Scott Bessent, the U.S. Treasury secretary, said that an extension of current tariff relief was possible and that Trump expected to meet Chinese Leader Xi Jinping later this month in South Korea. The brinkmanship that exists between the U.S.A. and China is still present, according to Kyle Rodda. Senior financial analyst at Capital.com. It will only calm down when China backs off its threat to restrict rare earth exports, and the U.S. reverses the tariff increase scheduled for November 1 to 100%. Markets will be trembling until then." Trump's trade maneuvers have also helped oil prices rise from five-month lows. Brent crude futures are up 0.9%, trading at $62.48 per barrel. U.S. West Texas Intermediate futures are also up 0.9%, trading at $58.81. The U.S. President said on Wednesday that India will stop buying oil from Russia, its largest supplier. Washington would then try to convince China to follow suit as it intensifies its efforts to cut Moscow's revenue and to pressure it to negotiate an agreement in Ukraine.

• Dalian iron ore reaches a six-week low due to accumulating stocks of steel

  Dalian iron-ore futures continued to decline on Thursday and hit a six-week low, as steel inventories in the world's largest consumer China cast doubt on demand prospects. As of 0330 GMT, the most-traded contract for January iron ore on China's Dalian Commodity Exchange fell 0.83% to $774 yuan (US$108.65) per metric ton after hitting its lowest level since September 2, at 769.5 Yuan. As of 0320 GMT on the Singapore Exchange benchmark November iron ore had fallen by 0.11%, to $105 per ton. This was due to hopes for further rate cuts from the U.S. Federal Reserve, which helped to curb some losses. On Wednesday, the contract reached a low of $103.6 per ton. This was the lowest price in nearly a week. A weaker dollar makes commodities priced in dollars cheaper for buyers who use other currencies. Steven Yu, senior analyst at Mysteel, says that the market is now focusing on the stock accumulation in the steel sector, amid signs of a de-escalation in trade tensions between China and the U.S. Yu said that "steel inventories have piled up as a result of the fact that demand is less elastic than supply." The disappointing credit data from China has also raised concerns about the outlook for demand. China's new loans to banks in September were lower than expected, as policymakers struggled to reverse the prolonged property slump and curb overcapacity. The renewed U.S. - China trade war worries, despite the tit for tat port charges, weighed down on sentiment and drove ore prices and steel costs lower. The benchmark steel prices on the Shanghai Futures Exchange have fallen further. The Shanghai Futures Exchange saw a further decline in steel benchmarks. Coking coal, coke and other steelmaking ingredients added respectively 1.22% and 0.67 percent. $1 = 7.1440 Chinese Yuan (Reporting and editing by Amy Lv, Colleen Waye)