China expected to control nearly one third of world’s lithium supply by 2025 – research
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Category: COMMODITIES
Rare earth hub Jiangxi to step up crackdown on illegal mining of strategic minerals
East China’s Jiangxi province, a major rare-earths production base, will step up crackdown on illegal mining of strategic minerals such as lithium and rare earths in a special action that will run through the end of Oct 2023.
China’s coal imports surged 71% on year in Jan – Feb – customs data
China’s coal imports in the first two months of 2023 surged 71% from a low base a year earlier amid stock replenishment on expected of rising demand after the country ended its zero-COVID policies.
China’s average battery-grade lithium price hit new low in more than a year
China’s average price of battery-grade lithium carbonate fell by 1,500 yuan to 366,000.0 yuan/ton on Tuesday, hitting a new low of more than one year and falling for 27 consecutive days, according to data from consultancy Shanghai Metals Market.
China’s coal imports surged 71% on year in Jan – Feb – customs data
China’s coal imports in the first two months of 2023 surged 71% from a low base a year earlier amid stock replenishment on expected of rising demand after the country ended its zero-COVID policies.
China to step up efforts to ensure enegy supply, to guide coal prices within reasonable range – state planner NDRC
China will strengthen monitoring of changes in key international and domestic commodity markets and important consumer goods markets, increase the supply of important consumer goods and stablize prices.
Chinese authorities kick off special safety production rectification for open-pit coal mines
China’s National Mine Safety Supervision Bureau kicked off special safety production rectification for open-pit mines that are in normal production, under construction,
Yankuang Energy reported 33.68% rise in 2022 operating income, 89.2% surge in net profit
Chinese coal miner Yankuang Energy said its operating income is expected to reach 203.18 billion yuan in 2022, an increase of 33.68% from a year earlier.
China’s three state oil giants rally on expectation of higher demand, CNOOC hit record high
Shares of China National Offshore Oil Corporation (CNOOC) gains 3.5% to close at HK$11.98, marking a new record high. Sinopec gain 3.5%
Chinese coal miners’ shares slide across the board on falling coal prices
Shares of Chinese coal companies slide across the board in the A-share market, with Shanxi Coking Coal sliding 5.3% as of 10:40
Yunnan province completed second round of aluminium production cut in six months, cumulative cut at 1.9 mln tonnes – report
Yunnan province, a major aluminium production hub in China, has completed the second round of production curbs on electrolytic aluminium companies in six months.
First shipment of Australian coking coal set to arrive in China on Wed night
The first shipment of Australian coking coal is set to arrive at a southern Chinese port on Wednesday night following breakthrough trade talks between the two countries this week.
China’s live hog prices trigger alert for excessive falls, state planner vows to buy pork for state reserves
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UBS cut Brent crude forecast for 2023 to $90 from $95, expects oil demand to return to 2019-level this year
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China’s live hog, pork price rose in fourth week of 2023 – ministry data
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China’s oil related commodities tumbled, fuel oil slumped 5.1%
China’s most-traded fuel oil futures contract on the Shanghai Futures Exchange, for May delivery, tumbled 5.1% to close at 2,606 yuan per tonne.
Chinese aluminium producers trade lower on news US detained Chinese aluminium products
Chinese aluminium producers are trading lower, with China Nonferrous Metal Industry’s Foreign Engineering And Construction Co.,Ltd sliding nearly 4% in Shanghai, as of 10:30 am local time, Yunan Aluminium down more than 2%, Shandong Nanshan Aluminium down 1%.
Global gold demand hit 10-year high in 2022, central banks’ gold purchases hit highest in five decades
Global gold demand hit highest in a decade in 2022, boosted by soaring purchases from central banks and other investors seeking shelter
China’s coal imports from Russia surged 20% in 2022 amid steep discounts
China’s coal imports from Russia fell in December amid logistics issues and weaker demand amid COVID outbreaks. Some 6.89 million tonnes of
Saudi Arabia remained China’s top oil suppliers in 2022, followed by Russia
Saudi Arabia remained the top oil suppliers to China followed by Russia, as Chinese refiners snapped up low-cost Russian supplies while Western
China’s coal imports from Russia surged 20% in 2022 amid steep discounts
China’s coal imports from Russia fell in December amid logistics issues and weaker demand amid COVID outbreaks. Some 6.89 million tonnes of
China’s oil, gas imports declined in 2022, import prices surged over 40%
China’s total crude oil and natural gas imports fell 2.6% in 2022 from the previous year, while the average import price jumped by more than 40% after the Russia-Ukraine tensions drove up international energy prices.
China’s 2022 coal imports declined for first time since 2016, shipments hit lowest since 2019
China’s annual coal imports declined in 2022 for the first time since 2016 and import volume hit the lowest since 2019 amid rising domestic coal production and surging coal prices overseas.
Chinese energy giant CNOOC eyes record production of 650 – 660 million barrels of oil equivalent in 2023
CNOOC, China’s largest state-owned offshore oil driller, said it aims to achieve a record production of 650 – 660 million barrels of oil equivalent (boe) in 2023, with domestic production to account for 70% and overseas production 30%, according to a filing to the Hong Kong Stock Exchange outlining its annual strategic outlook.
China’s crude steel production fell 2.2% in 2022 amid weak demand, steel prices fell – industry body
China’s crude steel output is estimated to have reached 1.01 billion tonnes in 2022, falling by 2.2% from the previous year, said
Russia becomes one of China’s leading suppliers of oil, gas – Russian President Putin
Russian President Vladimir Putin said that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
China’s coal demand to peak at 4.08 bn tonnes in 2024, natural gas demand to peak in 2040 – research
China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.
China’s silicon wafer prices tumble this week amid expansion of silicon capacity
China’s silicon wafer prices tumbled this week, with the prices of M6 and M10 monocrystalline silicon wafer sliding 15% – 20% from previous week, according to an industry association.
Chinese lithium mining companies trade lower as lithium prices hit one-month low
Tianqi Lithium slid as much as 5.8% in Hong Kong, before paring loss to 4.6%, while its Shenzhen-traded shares are sliding nearly 4% down.
China announced 3rd consecutive cut to retail prices of gasoline, diesel
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