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1. voda 26 september 2019 16:38

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   Rio Tinto, Baowu Steel & Tsinghua University signs MoU to Improve Environmental Performance across Steel Value Chain
   
   One of the world's largest iron ore producers Rio Tinto has signed a MoU with China's largest steel producer, China Baowu Steel Group and Tsinghua University, one of China's most prestigious and influential universities, to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain. The China Iron and Steel Association invited the Parties to sign the MOU at its China International Steel and Raw Materials Conference held in Qingdao. The MOU will enable the formation of a joint working group tasked with identifying a pathway to support the goal of reducing carbon emissions across the entire steel value chain, which accounts for between seven and nine per cent of the world's carbon emissions. The working group will establish a joint action plan on how to best utilise the Parties' complementary strengths in research and development, technologies, processes, equipment, logistics, industry coordination and policy advisory capacities to combat climate change and improve environmental performance.
   
   Rio Tinto CEO Mr J-S Jacques said "This pioneering partnership across the steel value chain will bring together solutions to help address the steel industry's carbon footprint and improve its environmental performance. The materials we produce have an important role to play in the transition to a low carbon future and we are committed to partnering with our customers and others to find the most sustainable ways to produce, process and market them. We are already doing this in aluminium and now, through this partnership, we will be doing it in the steel industry. We thank CISA for its support and look forward to collaborating with China's largest steel producer, China Baowu, and Tsinghua University, a global leader in climate change research and collaboration."
   
   China Baowu chairman, Chen Derong said "China Baowu is committed to ecological and sustainable development. We will promote sustainable production through intelligent manufacturing. We want to make a difference to the iron and steel ecosystem by developing greener factories and enterprises to deliver a cleaner, more sustainable steel industry. China Baowu looks forward to exploring low-carbon metallurgical innovation with Rio Tinto and Tsinghua University, and building a low-carbon industrial value chain. We hope to jointly address climate challenges with our partners, and create a model of harmonious coexistence between cities and steel mills."
   
   Source : Strategic Research Institute
2. voda 26 september 2019 16:58

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   China's Coal Import Rise Strongly So Far in This Year
   
   Reuters reported that China’s coal imports have grown strongly so far this year, but this may be about to change, assuming Beijing takes steps to ensure that growth for the whole of 2019 is more or less zero. Total coal imports rose 8.1% in the first eight months of the year to 220.8 million tonnes, a gain of 17 million tonnes. Looking specifically at seaborne imports, which exclude overland shipments from countries such as Mongolia, the growth looks even more impressive.
   
   Refinitiv data said that Seaborne imports were 191.3 million tonnes in the January-August period, up 11.4% from 171.8 million tonnes in the same period last year..
   
   While the growth in volumes may be something of a silver lining for coal miners in major exporters Australia and Indonesia, the chances are the fourth quarter of 2019 will mirror the same period last year: Imports taper off.
   
   Source : Reuters
3. voda 26 september 2019 19:52

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   Apple Launched China Clean Energy Fund Invests in 3 Wind Farms
   
   Located in Dao County in Hunan, China, the Concord Jing Tang wind farm was developed by Concord New Energy Group and produces 48 megawatts of clean energy. Rising from the hills of Dao County in Hunan Province, China, beyond the city of Yongzhou, a dramatic sight appears on the horizon. Here, the massive blades of wind turbines from the Concord Jing Tang and Concord Shen Zhang Tang wind farms turn rhythmically in the sky. Developed by the Concord New Energy Group Limited, each farm generates 48 megawatts (MW) of clean energy. Along with a 38 MW farm in bordering Hubei province developed by Fenghua Energy Investment Group Co., Ltd., these three clean energy projects are the first investments of the China Clean Energy Fund.
   
   Launched in 2018, the China Clean Energy Fund is a new, first-of-its-kind investment fund in China that connects suppliers with renewable energy projects. Apple and 10 of its suppliers in China will invest nearly USD 300 million by 2022 to develop projects totaling 1 gigawatt of renewable energy. The three wind farms in Hunan and Hubei will generate approximately one-tenth of the anticipated overall project total.
   
   said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives, said “To see these projects completed and already supplying clean energy to the grid is really exciting. We are proud that suppliers participating in the fund share our commitment to supporting innovative energy solutions, cutting emissions and fighting climate change.”
   
   Source : Strategic Research Institute
4. voda 27 september 2019 07:08

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   Minder winst Chinese industrie
   
   (ABM FN-Dow Jones) De Chinese industrie heeft in augustus minder winst geboekt dan een jaar eerder. Dit bleek vrijdag uit cijfers van de Chinese overheid.
   
   De winsten liepen met 2,0 procent terug, nadat in juli juist nog een stijging van 2,6 procent werd gerealiseerd.
   
   Minder verkopen in combinatie met een sterkere producentenprijzen deflatie waren debet aan de dalende winst, net als tegenzittend weer.
   
   Na acht maanden maakte de Chinese industrie dit jaar tot nog toe 1,7 procent minder winst dan in dezelfde periode in 2018.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
5. voda 27 september 2019 15:28

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   Primetals Technologies to Supply Stainless Steel Combination Mill to Walsin Yantai
   
   To service greater China market demand for high-quality stainless steel products, Walsin Yantai Stainless Steel Co Ltd has contracted with Primetals Technologies to design and manufacture a new stainless steel combination mill to convert billets from an existing plant into finished products with precision tolerance and surface quality. In-line-processing will lower production costs. Start-up is expected in late 2020. Located in Yantai, Shandong Province, China, the new mill project with Primetals Technologies will be completed in consortium with CERI Long Product Co Ltd, including all electrics and automation to approach Industry 4.0. The combination mill will have a straight bar outlet, a bar-in-coil outlet, and a wire rod outlet. The mill train will feature new- generation Red Ring stands, feeding a cooling bed equipped with abrasive saws, slow bin cooling and bundle-forming stations. The bar-in-coil outlet will utilize the latest high-speed pouring reels with direct quenching. The rod outlet will include a Morgan No-Twist Mill, Morgan High Speed Shear, Morgan Rod Reducing/Sizing Mill and Morgan Stelmor Conveyor, as well as an in-line direct solution treatment line for lower production costs, with vertical pallet coil handling.
   
   Primetals Technologies has supplied several copper mills to Walsin Yantai Stainless Steel parent company Walsin Lihwa Corporation in previous years. Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of copper wires and rods, power cables, and specialty steel long product include seamless tube and piping, and brightening bar in the Greater China region but also a leading real estate developer across the Taiwan Strait.
   
   Source : Strategic Research Institute
6. voda 27 september 2019 15:34

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   Chinese Steel Sector Capacity Curbs Facing Issues - Mr Xing
   
   Reuters quoted China's Ministry of Industry and Information Technology official as saying that global top steelmaker China, despite years of trying to curb overcapacity in its steel sector, is still having trouble containing increasing illegal new capacity. Mr Xing Tao, deputy director of the ministry’s raw materials department, said “Illegal new mills include those not approved by the government, outdated mills that had reopened after being shut and mills that were supposed to be shut in capacity swaps, in which companies move plants to other regions to reduce the concentration of production in polluted industrial areas.
   
   Some smaller steel plants have also taken advantage of lax environmental enforcement to ramp up production ahead of bigger rivals, industry and government officials have said, jeopardizing national anti-smog targets and defying industry consolidation.
   
   China has shut 700 small steel mills with 140 million tonnes of steel capacity deemed sub-standard, plus 150 million tonnes of inefficient capacity at larger firms, in a four-year campaign against pollution and excess capacity in heavy industries.
   
   Source : Reuters
7. voda 27 september 2019 15:59

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   China Imports of Scrap Steel sank to Zero in August
   
   Bloomberg reported that China’s imports of steel scrap sank to zero last month for the first time this century, a milestone for the nation that’s tipped to turn into a significant exporter in the next decade. According to customs data released on September 23, The world’s top steel producer bought no scrap at all from overseas in August, capping years of dwindling volumes, after President Xi Jinping imposed sweeping curbs on all imports of solid waste to help protect the environment. Purchases have fallen this year despite high iron ore prices and a tight domestic scrap market factors that would normally spur more imports.
   
   In the short-term, the absence of scrap imports offers a modicum of support to iron ore, most of which is supplied by mines in Australia and Brazil and which vies with the secondary metal as a feedstock for steel mills. After 2020, China’s domestic scrap supply is expected to rise significantly as a wave of metal contained in everything from cast-off cars to demolished buildings flows back into the supply chain.
   
   Consultancy Kallanish Commodities Ltd wrote in a report that “Scrap imports will eventually face a far more significant barrier: growing domestic scrap supply. We expect that China will likely be transformed into a net exporter of scrap steel in the long run.”
   
   Source : Bloomberg
8. voda 27 september 2019 17:05

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   China August Nickel Ore Imports from Indonesia up 26.5%
   
   Reuters reported that China’s nickel ore imports from Indonesia rose 26.5% YoY in August, China’s customs data showed that as stainless steel producers stocked up on raw materials ahead of a ban on exports from the Southeast Asian country. Following weeks of speculation, top nickel miner Indonesia confirmed on September 2 it would ban nickel ore exports from January 1 next year as it seeks to process more of its resources at home.
   
   China, the world’s biggest stainless steel producer and the top importer of nickel ore, imported 5.72 million tonnes of nickel ores and concentrates in total last month, up 5.5% from July. That was the highest monthly number since September 2018 but was 7.5% lower YoY, data from China’s General Administration of Customs showed.
   
   Source : Reuters
9. voda 27 september 2019 17:09

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   China Announces Fresh Quota for Imports of Copper, Aluminum & Ferrous Scrap
   
   Chinese Environment Ministry Agency has declared new scrap metal import quotas. The additional quotas issued by the China Solid Waste and Chemicals Management are for the fourth quarter of 2019. The agency approved nearly 70,000 metric tonnes of scrap metal arrivals covering copper, aluminium and ferrous scraps. The extra quota for copper scrap totaled 31,658 metric tonnes, whereas that of aluminium scrap totaled 32,940 metric tonnes. The quota for ferrous scrap totaled 1,770 metric tonnes. This makes the grand total of quotas approved till date for copper, aluminium and ferrous scrap at 484,217 metric tonnes, 405,416 metric tonnes and 22,688 metric tonnes respectively.
   
   The copper scrap import quota for Q4 this year is marginally lower when compared with the actual imports during Q3 last year. On the contrary, aluminium scrap quota is higher from third quarter of 2018.
   
   Source : Strategic Research Institute
10. voda 27 september 2019 18:56

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    Starfish Design Daxing International Airport in Beijing Opens
    
    Ahead of the 70th anniversary of the founding of the People’s Republic of China on October, Chinese President Mr Xi Jinping inaugurated Daxing International Airport’s sprawling main terminal building. Daxing or PKX is 30 miles south of Beijing and was designed by the late British Iraqi architect Zaha Hadid. Its main building is touted as the world’s biggest free-standing terminal, and equivalent to 97 football fields. It has four runways for commercial flights, and can accommodate 300 takeoffs and landings every hour
    
    The new mega-airport, the second in Beijing, was designed by the late architect Zaha Hadid in the shape of a starfish with five connected concourses. It is said to be the world’s largest single-building airport terminal. At 700,000 sq metres, with four runways, it is expected to be able to handle 72 million passengers a year by 2025. By 2040, the airport is expected to expand to eight runways and accommodate 100 million passengers a year.
    
    Domestic and foreign airlines, including China Southern Airlines, China Eastern Airlines, Air China as well as British Airways and Finnair, have said they will move all or part of their operations to the new airport.
    
    Daxing will be able to handle 100 million passengers a year by 2040, thereby eclipsing Atlanta’s Hartsfield-Jackson International, currently the world’s busiest airport and second ranked Beijing Capital Airport.
    
    Source : Strategic Research Institute

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11. voda 27 september 2019 18:58

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    Poland to Open New Coal Mines - Mr Tchorzewski
    
    Reuters, citing Mr Krzysztof Tchorzewski Energy Minister, reported that Poland’s ruling Law and Justice party plans to introduce legislation that will allow the government to open new coal mines without the approval of local authorities. PiS wants to build new mines as it expects half of the country’s electricity to be generated from coal by 2050. That would be down from 80% coal-powered electricity currently but goes against European Union calls for member states to achieve zero carbon emissions by 2050. Mr Tchorzewski told reporters at the opening of a new coking coal mine at state-run miner JSW “This special legislation, which is being prepared by lawmakers is related to the fact that local authorities are not interested in new mines being built in their areas while we will need new coal deposits to secure supplies for the energy industry.”
    
    He said that the new legislation would help Poland develop the planned lignite open-pit mine Zloczew, which environmentalists say would be the country’s deepest ever open-pit mine and would displace 3,000 people from their homes. The Zloczew lignite project is owned by state-run energy group PGE and would guarantee supplies for PGE’s power plant in Belchatow, one of Europe’s biggest polluters.
    
    Source : Reuters
12. voda 27 september 2019 19:28

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    'Verbod noteringen Chinese bedrijven in VS'
    
    Gepubliceerd op 27 sep 2019 om 19:04 | Views: 741
    
    WASHINGTON (AFN/RTR/BLOOMBERG) - De Amerikaanse president Donald Trump overweegt een verbod op te leggen voor noteringen van Chinese bedrijven op Amerikaanse aandelenbeurzen, terwijl ook de geldstromen vanuit de Verenigde Staten naar China aan banden moeten worden gelegd. Dat meldden ingewijden in het Witte Huis.
    
    Trump zou naast het stopzetten van Chinese noteringen in de VS ook kijken naar inperking van de mogelijkheid van Amerikaanse pensioenfondsen voor investeringen in Chinese aandelen. De stap zou een duidelijke escalatie betekenen van het langslepende handelsconflict tussen beide economische grootmachten, in aanloop naar nieuwe onderhandelingen volgende maand in Washington.
    
    Chinese bedrijven met noteringen op Wall Street werden flink lager gezet na de berichten, zoals internetgigant Alibaba die ruim 5 procent verloor en zoekmachinebedrijf Baidu (min 3,4 procent). Ook de beursgraadmeters in New York zakten in het rood na de berichtgeving.
13. voda 30 september 2019 08:17

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    Groei industrie China boven verwachting
    
    Gepubliceerd op 30 sep 2019 om 07:09 | Views: 1.054
    
    HONGKONG (AFN) - De bedrijvigheid in de omvangrijke Chinese industrie is in september sterker gegroeid dan een maand eerder en ook harder dan verwacht. Dat blijkt uit cijfers van onderzoeksbureaus Markit en Caixin.
    
    De inkoopmanagersindex kwam voor september uit op 51,4 tegenover 50,4 een maand eerder. Een stand van 50 of meer wijst op groei, daaronder op krimp. Economen rekenden in doorsnee op een niveau van 50,2.
    
    Een vergelijkbare graadmeter van de Chinese overheid voor de industrie toonde voor september wel een lichte krimp. Die stand bedroeg 49,8, de vijfde maand met krimp op rij. De cijfers van de overheid richten zich meer op de grote Chinese staatsbedrijven, terwijl Caixin en Markit zich meer richten op private kleinere ondernemingen die gericht zijn op export.
14. voda 30 september 2019 17:26

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    Washington ontkent ban op beursnoteringen Chinese bedrijven
    
    (ABM FN-Dow Jones) Aandelen van Chinese bedrijven met een beursnotering in de Verenigde Staten, zitten maandag in de lift op Wall Street.
    
    Vrijdag stonden Chinese aandelen met een Amerikaanse beursnotering, zoals Baidu en Alibaba, nog onder druk vanwege berichten dat Washington overweegt Chinese bedrijven te verbieden aandelen te noteren aan Amerikaanse beurzen. Dit zou een nieuw hoofdstuk betekenen in de slepende handelsoorlog tussen de VS en China.
    
    Een overheidsfunctionaris van het Amerikaanse ministerie van financiën ontkende de berichtgeving dit weekend, volgens persbureau Bloomberg. Een ban van Chinese bedrijven op Wall Street wordt op dit moment niet overwogen.
    
    Alibaba, vrijdag nog ruim 5 procent lager, stijgt maandag 1,5 procent. Baidu, dat voor het weekend bijna 4 procent daalde, staat maandag 1,6 procent hoger.
    
    Door: ABM Financial News.
    info@abmfn.nl
    Redactie: +31(0)20 26 28 999
    
    © Copyright Dow Jones & Company. All rights reserved.
15. voda 1 oktober 2019 12:45

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    'Chinese bedrijven kopen weer soja uit VS'
    
    Gepubliceerd op 1 okt 2019 om 12:32 | Views: 299
    
    PEKING (AFN) - Chinese bedrijven hebben naar verluidt weer voor een flinke hoeveelheid aan Amerikaanse sojabonen ingekocht. Dat meldt persbureau Bloomberg op basis van ingewijden. De stap zou volgen op nieuwe vrijstellingen van de Chinese overheid aan bedrijven in het land om soja in te slaan zonder te worden onderworpen aan handelstarieven.
    
    Het gaat om een belangrijk onderwerp in de handelsoorlog tussen de Verenigde Staten en China. De Amerikaanse president Donald Trump probeert China daarin te bewegen om meer landbouwproducten uit de Verenigde Staten te kopen. Beleggers zijn de laatste tijd dan ook alert op signalen waaruit zou blijken dat China de import hiervan stimuleert.
    
    Bij het Chinese ministerie van Handel was niemand beschikbaar om het bericht tegenover Bloomberg te bevestigen. Omdat China de zeventigste verjaardag van de Volksrepubliek viert, werd dinsdag de telefoon niet opgenomen. In Washington vindt er volgende week weer op hoog niveau handelsoverleg tussen de grootmachten plaats.
16. voda 1 oktober 2019 19:41

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    Nickel ore inventories at Chinese Ports Decline to 12.37 million wmt
    
    SMM reported that nickel ore inventories across all Chinese ports declined for a fourth straight week, dropping 460,000 wmt from a week ago to 12.37 million wmt as of Friday September 27. Stocks in metal content dipped 3,600 mt to 104,000 mt.
    
    Stocks across seven major Chinese ports decreased by 230,000 wmt and came in at 10.09 million wmt as of September 27.
    
    Source : SMM
17. voda 1 oktober 2019 20:04

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    Great Wall Motors Showed its latest new energy technology at 2019 Frankfurt Motor Show
    
    China has taken the lead in technological innovation in 5G, AI, Internet and new energy, which is a golden chance for Chinese automotive industry to realize overtaking the global car giants. Chinese automotive industry is capable to lead in the global market as mobile phones, home appliances and the Internet do. The 2019 Frankfurt International Motor Show with the slogan of Driving Tomorrow kicked off on September 10. Great Wall Motors showed up with its WEY brand as the leading luxury SUV brand in China. Based on its new global strategy, Great Wall displayed its latest new energy technology, released its next generation of styling design language to challenge the global higher-end car brands. Meanwhile, HYCET, SVOLT, Nobo Auto, and Mind Electronic Appliances, four parts companies under Great Wall Motor Group, attended the event for the first time, bringing a series of technological innovation achievements to assist Great Wall Motors in representing the high level of Chinese automotive industry to the world.
    
    Mr Wei Jianjun, Chairman of Great Wall Motors, delivered a speech at the stand of Great Wall Motors. “China has taken the lead in technological innovation in 5G, AI, Internet and new energy, which is a golden chance for Chinese automobile to realize overtaking other global car giants. Chinese automotive industry is capable to lead in the global market just as they do in mobile phones, home appliances and the Internet.” he said. At the same time, he released the new globalization strategy of WEY brand, that is, to establish a R&D center in Germany, to officially enter the EU market in two years, with the German market as its starting point.
    
    With the slogan of THE WEY FORWARD, WEY brand participated in the 2019 Frankfurt Motor Show (IAA) with loads of highlights, aiming to lead the industry forward.
    
    Source : STRATEGIC RESEARCH INSTITUTE

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18. voda 1 oktober 2019 20:41

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    World Largest Wind Farm Begun Construction in Northern China
    
    The first phase of the project a 6 GW base farm has begun construction. The base will cost around RMB 40 billion and the power generated will be transmitted via a 500-kilovolt AC channel to the Beijing-Tianjin-Hebei power grid. Advanced technology and architecture will be incorporated into the wind farm due to the size and varying terrains. High-resolution climate models, intelligent robotics sensors and 5G wireless network communications will be integrated to optimize the operation of the wind turbines. The use of these technologies will help cut over half of the average number of maintenance staff required in wind farms.
    
    The completion of the entire wind farm project will help generate over 20,000-gigawatts of green energy. The electricity generated will be transmitted to the Beijing-Tianjin-Hebei region located over 200 kilometers away. The wind farm is part of plans to move into more sustainable and environmentally-friendly energy generation within China. It is estimated that more than 16 million tons of coal will be replaced by the wind farm, which will help cut carbon emissions by about 16 million tonnes.
    
    Upon completion, the wind farm will also help the Chinese authorities reduce its state and local green subsidies by more than RMB 2.4 bln per annum.
    
    Source : Strategic Research institute
19. voda 1 oktober 2019 20:48

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    Decline Investment in Power Sector Raises Concerns about Copper Demand in China
    
    SMM reported that Declines in China’s realised investment in power grid projects unexpectedly widened in the January to August period, and this clouded the outlook for copper consumption in the power industry in the fourth quarter. Data from China Electricity Council on September 25 showed that the realised investment in power grid projects in the first eight months of this year shrank 15.2% from the same period last year, to stand at 237.8 billion yuan, after the figure dipped 13.9% year on year in January to July. The power industry is the main driver behind copper consumption in China, accounting for around 46% of domestic copper demand.
    
    By the end of August, the State Grid finished only 46% of its investment targets of 512.6 billion yuan for 2019. This marked the slowest pace in six years.
    
    In January to August, investment in the power generation projects nationwide rose 5.2% YoY to 153.3 billion yuan. However, its spur to copper consumption fell far below that from the power grid investment.
    
    Source : SMM
20. voda 3 oktober 2019 20:03

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    Ex Jiangxi Copper expelled from China Communist Party for corruption
    
    Reuters reported that a former general manager of Jiangxi Copper Co, one of China’s biggest copper producers, has been expelled from the ruling Communist Party and public office for grave violations of discipline and law. Mr Wu Yuneng, a 20 year veteran of state-run Jiangxi Copper and a well-known figure in China’s copper industry, was found to have illegally accepted gifts, used public funds to play golf and used company vehicles for personal travel, according to a statement from the Central Commission for Discipline Inspection late on Friday.
    
    The 57 year-old Mr Wu, who joined Jiangxi Copper in 1998, rose through the ranks to became general manager in January 2018, only to abruptly leave the company six months later.
    
    An investigation by the Jiangxi branch of the CCDI also found Wu had accepted dinner invitations that could affect the fair execution of official duties, according to the statement, which called his actions “seriously irresponsible” and an abuse of power. It added that Mr Wu is also suspected of having taken bribes.
    
    Source : Reuters