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1. voda 22 oktober 2018 21:58

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   Tesla buys land for Shanghai plant
   
   Electric car company Tesla yesterday signed an agreement to secure land in Shanghai’s Lingang area for its first factory outside the United States. It has bid 973 million yuan (USD140.5 million) to use the land for 50 years, according to a posting on the Shanghai Land Market website. The agreement with the city’s planning, land and resources administration will allow Tesla to accelerate its expansion plans in the world’s largest electric car market.
   
   Mr Robin Ren, Tesla’s vice president of worldwide sales, said “Securing the site is an important milestone for what will be the company’s next advanced, sustainably developed manufacturing site. Tesla’s mission is to accelerate the world’s transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products.”
   
   Tesla signed an agreement with Shanghai Lingang Area Development Administration and Lingang Group in July to set up a wholly-owned factory in Shanghai, which would be the city’s largest foreign-invested manufacturing project.
   
   The first batch of electric vehicles will roll off the production line in three years. The factory will initially have an annual capacity of around 250,000 vehicles and battery packs. That will eventually rise to 500,000 cars.
   
   Source : Strategic Research Institute
2. voda 23 oktober 2018 20:53

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   China's winter pollution cuts may boost high grade iron ore - Russell
   
   Reuters reported that with China’s anti pollution restrictions starting to take effect, one of the conventional market wisdoms is that this will boost demand for high-grade iron ore. The logic is sound: If steel mills are restricted as to how much they can pollute, they will use the best possible quality iron ore in order to maximise the amount of steel produced relative to the energy consumed. This means that ore with an iron content of 62 percent or higher should command a greater period during the winter restriction period than those poorer quality grades, such as 58 percent ore. It’s still not absolutely certain how much iron ore capacity will be idled, or forced to run at lower production rates, over the winter period as part of efforts to limit air pollution from burning coal.
   
   This time around Beijing has allowed local authorities to set their own anti-smog measures, changing from last winter’s policy of imposing blanket cuts on certain steel-producing regions. This had made it more difficult to work out precisely how much steel capacity may be cut and how many tonnes of production may be lost.
   
   Some steel-making areas, such as top producer Tangshan, appeared to have imposed less stringent measures, but have made them last for longer, this time to the end of March 2019 as opposed to the middle of March in this year’s curbs.
   
   Analysts at Barclays Bank said in a research note on Oct. 19 that the longer period will outweigh the more lenient capacity reductions, resulting in the loss of 19 million tonnes this winter from Tangshan compared to 11 million tonnes the previous winter.
   
   The output restrictions will also apply to more steel-making regions than last year, raising the possibility that steel output will decline over the winter period.
   
   Source : Reuters
3. voda 23 oktober 2018 21:00

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   Weaker China demand and regulation spell tough quarter for Europe's auto stocks - Goldman Sachs
   
   Reuters quoted Goldman Sachs analysts as saying that slowing car demand in China and new fuel consumption regulations were hurting investors' sentiment towards European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday. Europe's autos sector SXAP is already down 6 % this month and is on track for its worst year since 2011 as a global trade dispute drove investors to dump a sector vulnerable to higher tariffs threatened by the United States.
   
   Goldman Sachs said that weaker Chinese car demand and the cost of adapting to the European Union's new WLTP (Worldwide harmonised Light vehicles Test Procedure) fuel consumption regulation were worrying clients, as well as weak Latin America production.
   
   GS analysts wrote in a note to clients that "Overall we see this as a challenging quarter for the sector, with potential for downward earnings revisions by suppliers, lowering their earnings estimates for auto supplier companies by 4 % on average over 2018-22.”
   
   Source : Reuters
4. voda 23 oktober 2018 21:07

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   China’s coal output hit highest in September 2018
   
   Reuters reported that China’s coal output hit its highest in nine months in September, government data showed, boosted as new mining capacity started up in the country’s northwest. China has been given the go-ahead for a number of big coal mines as it tries to ease concerns about fuel shortages amid a crackdown on small outdated mines and tightened emission controls. Miners churned out 306.01 million tonnes of coal last month, up 3.2 percent from 296.6 million tonnes in August and up 5.2 percent from the same time last year, according to the data from the National Bureau of Statistics (NBS).
   
   Output over the first nine months of 2018 in the world’s top producer of the commodity reached 2.59 billion tonnes, up 5.1 percent from a year earlier.
   
   Cheng Gong, senior coal analyst at Zheshang Securities, said that “The increase in coal output is not surprising as new mining capacity in the northwest was released on schedule.”
   
   According to NBS, coal output from the region of Inner Mongolia last month jumped 11.3 percent from the same month in 2017, while Shaanxi province saw growth of 9.9 percent.
   
   By the end of June, China had a total of 3.49 billion tonnes of coal mining capacity, while another 976 million tonnes of capacity is still under construction, according to data from the National Energy Administration.
   
   Source : Reuters
5. voda 23 oktober 2018 21:09

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   China approves construction of new high-speed railway in east
   
   According to the country's economic planning agency, China has approved railway construction linking Shanghai and Huzhou, Zhejiang Province, to upgrade the country's transport network and facilitate socioeconomic integration in eastern regions. The 163.54-km railway will start from Shanghai Hongqiao Railway Station, crossing Suzhou in Jiangsu Province, and end in Huzhou, the National Development and Reform Commission (NDRC) said in a statement on its website.
   
   Designed to run at a top speed of 350 km per hour, the rail line is expected to carry about 50 million passengers per year.
   
   NDRC said that a total of CNY 36.8 billion will be invested in the construction of the project, which will take 4 years.
   
   Source : China Economic Net

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6. voda 23 oktober 2018 21:11

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   Chinese Lingang group invests EUR 85 million in Zeebrugge inner port
   
   The Chinese investment by the Shanghai Lingang Overseas Development Co., Ltd. in the port of Zeebrugge was officially signed in Brussels by Liu Jiaping, Chairman of Lingang, and Coens Joachim, CEO of Port of Zeebrugge, the company said in its press release. The agreement was signed in the presence of the prime minister of the People’s Republic of China, Ki Keqiang, and the prime minister of Belgium, Charles Michel. At the Summit of Bruges of 17 May Port of Zeebrugge already announced the investment by the Chinese group Lingang in the Maritime Logistic Zone to establish a service and distribution park. Under the name ‘One park, two centers China/Europe’ Lingang signed an agreement of 85.3 million euros to establish a 30 ha logistic park. The objective is to settle down Chinese, and international logistic players for transportation of parts and components, reefer loads, e-commerce etc, between China and Western Europe.
   
   With COSCO Shipping Ports acquiring APM Terminals, the Chinese interest for this port zone increased. For this logistic project Lingang will cooperate with the Chinese container operator.
   
   Source : Strategic Research Institute
7. voda 23 oktober 2018 21:14

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   World’s longest suspension bridge reaches milestone in Southwest China - Report
   
   Global Times reported that construction on the world's longest suspension bridge over a canyon being built in Southwest Yunnan Province passed a major milestone with the capping of a 228-meter-tall tower, which at its peak stands almost half a kilometer above the Jinsha River. Mr Wen Dongwei, the construction team's Communist Party of China branch secretary, told the Global Times "The capping of the main tower means construction is 40 percent finished, and we are ahead of schedule." Work on the tower on the east bank of the Jinsha River was completed by capping it with cement. The top of the tower stands 480 meters above the river.
   
   Construction of the Jin'an Jinshajiang Bridge near the city of Lijiang began in April 2017. It is being built by the Second Highway Engineering Co, a subsidiary of the Xi'an-based China Communications Construction Company.
   
   Mr Wen said that the bridge will span 1,386 meters and is expected to be open to traffic by June 2020. The bridge will significantly reduce travel times between cities in Yunnan and Sichuan provinces. The current six-hour dive between the ancient city of Lijiang in Yunnan to the city of Panzhihua in Sichuan will be cut to just two hours.
   
   Source : Global Times
8. voda 24 oktober 2018 19:31

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   China's coal region lacks 'will' to fight pollution - Ministry
   
   Reuters reported that China's environment ministry recently called out officials in a north-western coal producing zone for lacking the "will" to fight pollution, the latest region to come under scrutiny in Beijing's war on smog. In its latest review of how regions are complying with tougher pollution laws, the Ministry of Ecology and Environment singled out Ningxia for criticism on the day China said the country's coal output hit its highest in nine months in September. Some districts and departments in Ningxia did not have the "will" or confidence to control pollution, inspectors said in a report in the China Environment News, a ministry publication.
   
   They said that Ningxia's economic and trade commission had submitted reports alleging that environmental protection was a "burden on industrial growth". The commission blamed a tougher smog control and inspection regime for a slowdown in industrial activity, despite what inspectors said were "obvious errors" in the commission's data.
   
   The inspectors said that "They (the commission) tried to get rid of their responsibility and interfere with decision making."
   
   Ningxia, a poor and drought-prone region, wants to exploit its reserves of coal and export electricity through a beefed-up power grid. But it has been forced to shut down 32 small coal mines and millions of tonnes of annual production capacity in sectors like steel and aluminium since a national clean-up campaign began in 2016.
   
   Ningxia is the latest region to be chastised by the environment ministry for failing to enforce anti-pollution measures. Three cities in Jiangsu were accused this week of exaggerating coal consumption cuts last year.
   
   Hebei, the biggest steel producing region, came under fire, with inspectors criticising some officials for not rectifying previous failings in controlling pollution.
   
   Source : Reuters
9. voda 24 oktober 2018 19:38

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   China's natural gas imports up by 28.3pct in September 2018
   
   Xinhua reported that China’s imports of natural gas continued fast growth in September while domestic production increased steadily. Imports of natural gas surged 28.3 percent year on year to 7.62 million tonnes last month, data from the National Bureau of Statistics (NBS) shows. The pace was 9.7 percentage points slower than the increase recorded in August. In the first nine months of this year, imported natural gas totaled 64.78 million tonnes, up 34 percent year on year.
   
   China’s imports of natural gas have seen steady growth to meet increasing domestic consumption, partly driven by government initiatives of using clean energy for winter heating instead of coal.
   
   The NBS data showed that natural gas output increased by 8.5 percent in September, 1.2 percentage points slower than in August.
   
   Source : Xinhua
10. voda 24 oktober 2018 19:42

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    Australia's Woodside to work with China's ENN on LNG business
    
    Reuters quoted Australia's Woodside Petroleum as saying that it had signed an agreement to work with China's privately owned ENN Group on potential business opportunities that could boost demand for Woodside's liquefied natural gas (LNG). The agreement, disclosed in a statement by Woodside, comes as Australian companies scent opportunities to expand LNG sales to China after Beijing imposed a 10 percent tariff on US LNG imports in a trade war between the world's two biggest economies. Australia's Santos has a similar tie-up with ENN, which is also its top shareholder.
    
    Mr Reinhardt Matisons, Woodside's executive vice president for marketing, trading and shipping, said in the statement that "Woodside's aim is to grow our relationship with ENN Group, and we now plan to jointly investigate opportunities for cooperation in LNG marketing, trading and shipping."
    
    Woodside said the agreement was signed in the Chinese coastal city of Zhoushan, where ENN recently opened an LNG import terminal.
    
    ENN said the agreement with Woodside amounted to an intent to cooperate. ENN is exploring "more extensive cooperation with LNG supply chain partners" globally following the launch of the Zhoushan terminal and the growth of its natural gas business, the company said in an emailed response to questions.
    
    Source : Reuters
11. voda 24 oktober 2018 19:59

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    China begins constructing offshore wind farm
    
    China has begun constructing an offshore wind power project with the biggest installed capacity in the country. The wind farm’s first wind turbine was installed Monday in waters off Nanpeng Isle of the city of Yangjiang, south China’s Guangdong Province. The project, with a planned installed capacity of 400 MW, is expected to generate about 1.46 billion kwh of electricity annually when it goes on stream in 2020, according to its developer, China General Nuclear Power Corporation.
    
    Mr Chen Yabin with CGN said that “As a coastal province, Guangdong enjoys abundant wind resources. Wind farms will play an important role in adjusting the province’s industrial and energy structure, so as to promote green and high-quality development.”
    
    Guangdong plans to build 23 offshore wind farms before 2030, wth the combined installed capacity to hit 66.85 million kilowatts.
    
    Source : EV Wind
12. voda 24 oktober 2018 20:46

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    Volkswagen Group China builds factory specifically designed for MEB production
    
    The electrification strategy of the Volkswagen Group China is rapidly gaining pace in the world’s biggest market for e-mobility. The Group’s first factory specifically designed for the MEB platform is now commencing construction in Anting. The first model that will be produced in the factory of SAIC VOLKSWAGEN is a Volkswagen Brand SUV in 2020. Together with the FAW-Volkswagen factory in Foshan, which opened this summer, SAIC VOLKSWAGEN’s plant will begin to produce e-cars on the MEB platform directly after the first worldwide MEB-production starts in Zwickau, Germany.
    
    SAIC VOLKSWAGEN’s new factory, located in Anting, Shanghai, adopts a production network based on Industry 4.0 and increases automation rates and efficiency. The facility comes equipped with over 1400 Industry 4.0 standard robots, as well as a range of technologies including AI, AR and VR, delivering an intelligent and digitalized production plant. Covering 610,000 square meters, the plant for new energy vehicles (NEV) includes a variety of different function areas such as pressing equipment and battery assembly workshops, in addition to an elevated stereoscopic warehouse, a proving road and more. Meanwhile, it utilizes 27 types of environmentally-friendly technologies with a special focus on water preservation, energy saving and the reduction of carbon dioxide.
    
    The facility is scheduled to be put into production by 2020 with a planned annual capacity of 300,000 vehicles. It will produce various new pure electric vehicles of SAIC VOLKSWAGEN, including medium and large sized pure electric SUVs, as well as battery systems. The first vehicle being built is a MEB-SUV from the Volkswagen brand. The factory will be supporting the Volkswagen Group’s e-mobility strategy in China.
    
    The vehicles being produced in Anting are based on the MEB, which is Volkswagen’s first pure electric automotive modular platform developed for mass production. Through this new platform, MEB vehicles will have a more dynamic design, additional space, expanded battery capacity, and all-new integrated digital services, while being fully prepared for future autonomous driving implementation.
    
    With the so called Roadmap E, the Volkswagen Group is driving forward its ambitious electric offensive. By 2025, 50 purely electric vehicles will be on the market worldwide, with one in four new vehicles to be powered by electricity only.
    
    Mr Diess, Chairman of the Board of Management of Volkswagen Group said that “Through Volkswagen’s MEB platform, we will be able to easily produce state-of-the-art electric vehicles for our Chinese customers on a high scale. The Volkswagen Group, its brands and their Chinese joint venture partners focus consistently on sustainable mobility and push the transformation of the automotive industry in China and worldwide. In this way, we emphasize the importance of the Chinese market for the Volkswagen Group.”
    
    Source : Strategic Research Institute
13. voda 24 oktober 2018 21:25

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    Chinese Shandong halts 41 coal mines after accident - Report
    
    Reuters reported that authorities in eastern China's Shandong province ordered 41 coal mines to halt production for security checks, state-run Xinhua news agency reported, after an accident at a mine in the province killed three people. The accident on Sunday occurred at a coal mine operated by Shandong Energy, China's second largest producer. Total capacity at the 41 mines ordered to halt output was not known, but the crackdown on safety comes ahead of winter, the most important coal consumption season.
    
    Shandong, one of the country's top coal consuming regions, is working to reduce demand for coal by forcing heavy industry to get rid of coal-fired boilers and is also closing some coal-fired power plants.
    
    China's thousands of coal mines are notorious for their poor safety record and the latest incident raises fresh questions about whether producers followed strict rules on exploration as they ramped up output.
    
    Source : Reuters
14. voda 25 oktober 2018 17:14

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    US DoC issues preliminary Antidumping Duty on Steel Wheels imports from China
    
    The US Department of Commerce announced the affirmative preliminary determination in the antidumping duty (AD) investigation of imports of certain steel wheels from the People’s Republic of China, finding that exporters from China have been dumping this product in the United States at a margin of 231.70 percent. As a result, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of certain steel wheels from China based on these preliminary rates.
    
    In 2017, U.S. imports of certain steel wheels from China were valued at an estimated $388 million.
    
    The petitioners are Accuride Corporation (Evansville, IN) and Maxion Wheels Akron LLC (Akron, OH).
    
    Commerce is scheduled to announce the final determination on or about January 8, 2019.
    
    If Commerce’s final determination is affirmative, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determination on February 21, 2019. If Commerce makes an affirmative final determination of dumping and the ITC makes an affirmative final injury determination, Commerce will issue an AD order. If Commerce makes a negative final determination of dumping or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.
    
    Source : Strategic Research Institute
15. voda 25 oktober 2018 19:44

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    Chinese Jin Bao Rong Group to commence exploration, mining in Nigeria
    
    Vanguard quoted a Chinese mining giant, Jin Bao Rong Group of Companies, as saying that it is commencing exploration and mining operations soon in the Nigerian mining sector based on improved business environment. Chief Executive Officer, Jin Bao Rong Group of Companies, Zhang Fenglan, who visited the Minister of State for Mines and Steel Development, Abubakar Bwari, stated that her company’s attention was drawn by the improved business environment based on the ease of doing business in the sector. She said that “We are interested in the Nigerian mining sector and soon, we will commence exploration and mining operations in the sector. We have seen a lot of improvement in the environment as provided by this current administration with its ease of doing business policy. We bought over the West African Polaris Investment Ltd (WAPI), which owns some mineral titles in Nigeria and has the intention of commencing mining operations in the country.”
    
    However, expressing her company’s concern and challenges so far encountered since they ventured into the project, she appealed to the ministry for its intervention to facilitate renewing some of the company’s mineral titles in order to start full scale mining activities.
    
    Meanwhile, the minister assured the company of government’s support and encouragement for genuine foreign investors in the country’s mining sector, and promised to provide the enabling environment for their smooth operations, which the government has started putting in place basic infrastructure to that effect.
    
    Source : vanguard
16. voda 25 oktober 2018 19:55

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    CNPC starts shale gas transit station in Sichuan
    
    Reuters reported that China's CNPC started late last week its largest transit station for shale gas in the southwestern province of Sichuan, as the state energy major boosts production of the unconventional gas ahead of the peak winter season. The transit station in Weiyuan is able to supply annual 9 billion cubic metres of gas and connects the Weiyuan shale gas block with the existing pipeline grid.
    
    CNPC said that CNPC is China's largest natural gas producer, making up some 70 per cent of the country's total. It has set a target to raise shale gas output to 12 bcm in 2020, in which the Weiyuan block will contribute 5 bcm.
    
    It said that China's state oil firms have been stepping up drilling at domestic fields to boost production, and raising imports of liquefied natural gas by nearly 50 per cent so far this year versus a year ago to feed robust demand for the fuel.
    
    Source : Reuters
17. voda 26 oktober 2018 15:03

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    Key Chinese bank to stop dealing with Iran for fear of US sanctions – Report
    
    Sputnik reported that the Bank of Kunlun is the key Chinese channel for transactions with Iran. There has been no official response from the bank or its parent company so far on reports that this channel will be closed. China's Bank of Kunlun, Beijing's key throughway for trade with Iran, has reportedly decided it will stop processing transactions with Tehran as US sanctions on Iran come into force. Four unnamed sources who deal with the bank regularly told Reuters that the bank verbally informed them it will stop processing yuan-denominated Iranian payments starting November 1, three days before US-imposed sanctions against the Islamic Republic are set to kick in.
    
    One source is quoted as saying "A Kunlun account manager told us payments from Iran made after that date will be rejected and returned. Whether and when to resume the services depends on the international situation after the sanctions start.’
    
    The sources said that the bank suspended euro-denominated payments from Iran earlier in August.
    
    However, there is no official response from the bank, or from its parent organization, the China National Petroleum Corporation (CNPC).
    
    Source : Sputnik
18. voda 26 oktober 2018 15:19

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    China's power generation in Jan to Sep up by 7.4 pct
    
    Xinhua reported that China's power generation rose 7.4 percent in the first nine months of 2018, with electricity from nuclear and wind power facilities expanding at a fast pace in September. The growth in the first three quarters was 0.3 percentage points lower than the first eight months, the National Development and Reform Commission said Wednesday. In September, electricity from hydropower plants rose 4.1 percent. Nuclear and wind power production surged 12.8 percent and 13.5 percent, respectively.
    
    Power consumption in the first nine months rose 8.9 percent, 2 percentage points faster than the same period of last year, but slightly slower than 9 percent for the first eight months of this year.
    
    The slowdown in power production and consumption came amid slightly slower economic growth.
    
    China's economy expanded 6.7 percent in the first three quarters, down from 6.8 percent in the first half but staying above the government's annual target of around 6.5 percent.
    
    Source : Xinhua
19. voda 26 oktober 2018 16:46

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    China alumina exports in September up by over 3,400pct
    
    Aluminium Insider reported that alumina exports from the People’s Republic of China hurtled to a yearly high in September, surpassing August’s imports by a factor of five. As per numbers released by China’s General Administration of Customs, alumina exports last month totaled 165,839 metric tonnes, besting August’s export total of 29,722 metric tonnes and representing a year-on-year increase of over 3,400 percent. The Middle Kingdom’s exporting of significant quantities of alumina is a significant departure from the usual, as the lion’s share of alumina is consumed domestically by Chinese smelters. However, thanks to a series of events, including a partial shutdown of operations at the world’s biggest alumina refinery in Brazil and strangling sanctions on United Company Rusal by the Trump administration, the global market has seen the usual sources dry up and prices spike. The third quarter alone saw alumina prices jump by over 30 percent, but they have since receded by 13 percent for the month to date on news of the end of the Alcoa strike and resumption of half capacity at Alunorte.
    
    Such a landscape has created a lucrative arbitrage situation for Chinese smelters, and they have been diligently taking full advantage of the situation. CRU’s Jackie Wang told Reuters that September’s bountiful harvest came as a result of contracts signed in August, when the arbitrage was “wide open.” However, Wang indicated that the arbitrage door is closing, noting that CRU is not aware of a significant number of export contracts inked this month.
    
    August exports fell below those of the two prior months, when shipments topped 100 thousand metric tons each month.
    
    Source : Aluminium Insider
20. voda 29 oktober 2018 19:44

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    Chinese top coal region ramps up by 11pct in Jan-Sept output
    
    Reuters reported that coal output in China's top producing region Inner Mongolia jumped 11.1 percent in the first three quarters of 2018, taking total output for the period to 673.3 million tonnes. Shanxi province was the second biggest producer over the period, with 650 million tonnes, up 1.2 percent on the year, according to the China Coal Industry Association. The two regions accounted for 51 percent of China's total coal output over the three quarters, the data showed.
    
    In line with national trends, output in China's two biggest coal-producing regions has been on the rise since last year following a decline in 2016, casting doubt over the country's plans to curb fossil fuel use and carbon emissions.
    
    Inner Mongolia is under pressure to cut the share of coal in total energy consumption from 82.9 percent to 79 percent over the 2016 to 2020 period, but it has no plans to curb production, most of which is delivered to other regions.
    
    The province of Shaanxi, also in northern China, reported the biggest rate of production growth in the first three quarters of 2018, with output rising 14.7 percent to 455.5 million tonnes.
    
    Source : Reuters