Gold consumption in China drops sharply
According to the latest data from the China Gold Association (CGA), China's gold consumption in the first half of 2025 decreased by 3.54%.
The CGA said total gold consumption reached 505.21 tons. The most obvious decline was in the jewelry segment, with jewelry sales down 26% compared to the first half of 2024, to only 199.83 tons.
Meanwhile, demand for gold bars and coins skyrocketed by 23.69%, reaching 264.24 tons in the first 6 months of the year.
Gold used for industry and other purposes also increased by 2.59% over the same period last year, reaching 41.14 tons.
The CGA data is in line with data from Ray Jia - Head of China Research at the World Gold Council (WGC) - who noted that although the Chinese gold jewelry market weakened in the first half of 2025, the standard gold price in Shanghai and the cash flow into gold ETFs all hit a penny-year record. See more...
Enterprises proactively make their origin transparent to increase export orders
Gasoline price forecast to continue to decrease for the third consecutive session next week
On July 26, oil prices continued to decline. According to experts, market sentiment is affected by negative economic signals from the US and China, along with concerns about continued supply increases. However, the decline was somewhat curbed by expectations that US trade deals will contribute to boosting global economic growth and improving oil consumption demand in the coming time.
According to the Ministry of Industry and Trade, the world petroleum market last week (from July 17, 2025 to July 23, 2025) was affected by main factors such as: Updated information on the new import tax policy of the US on goods of trading partners; EU announces new sanctions package for Russian oil; The military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to fluctuate up and down depending on each commodity.
For the domestic market, representing a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may decrease slightly. See more...
Construction sand prices in Phu Tho increase, but the yards are still lacking goods
In some areas in Phu Tho, construction sand prices have continued to increase in recent days.
Meanwhile, many sandbanks are still in a state of shortage, not meeting consumer demand. Many projects of businesses and people are facing difficulties.
According to the reporter's records in late July, some sandbanks along the Da River bank (in Hoa Binh ward, Phu Tho province) are temporarily suspended from operation.
"We have temporarily stopped operations because the facility has not had sand to sell for the past few days," said Mr. Pham Xuan Quynh, owner of a sand beach in Hoa Binh ward.
According to the survey, the prices of yellow sand and black sand both increased compared to the beginning of July 2025. Black sand prices are around 300,000 - 400,000 VND/m3, an increase of about 50,000 to over 100,000 VND/m3; while the price of golden sand in some places has reached 1,000,000 VND/m3. See more...
