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China rare earth export jumps 31 pct in August

Source: www.chinamining.org  Citation: Xinhua  Date: September 10, 2014

Chinese companies exported 2,353 tonnes of rare earths last month, nearly 31 percent more than the previous month, new customs data showed on Monday.

China`s rare earth exports fell to 1,556 tonnes in June, the lowest level of this year, according to the General Administration of Customs (GAC).

For the first eight months, exports rose 35 percent year-on-year to 18,252 tonnes. In value terms, however, exports contracted 7.9 percent from a year earlier to 261.6 million U.S. dollars owing to falling prices.

Export till the end of last month was nearly 60 percent of the full-year quota of 30,610 tonnes, shared by 28 production and circulation enterprises.

Rare earths, a class of 17 mineral elements, are some of the most sought after metals due to their vital role in green technologies like wind turbines and car batteries as well as in military sectors.

With its rare earth reserves accounting for 23 percent of the global total, China supplies over 90 percent of the world`s market demand at the cost of much pollution.

To curb environmental degradation and protect resources, China has set output ceilings, export quotas and stricter emissions standards as well as high resource taxes for some ores.

In the previous two years, companies had failed to use their full annual export quotas.

In 2013, China exported 22,493 tonnes of rare earths, up 38.3 percent from 2012. But it was well below the full-year export quota of 31,001 tonnes. In 2012, exports at 16,265 tonnes, just over the half of the full-year quota.

Early last month, the World Trade Organization ruled that China`s export duties, quotas, and administration of rare earths, tungsten and molybdenum products were inconsistent with WTO rules and China`s Accession Protocol.

In March 2012, the European Union, Japan and the United States teamed up to bring a joint case to the WTO over China`s measures on exports of rare earths, tungsten and molybdenum.

They claimed that the restriction had limited other countries` access to the minerals, given China a competitive advantage and hurt other producers and consumers.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China alumina prices rise further on strong sentiment

Source: www.chinamining.org  Citation: Platts  Date: September 10, 2014

China`s spot alumina prices firmed further across the country Tuesday on continued strong sentiment, as the market returned from an extended weekend to celebrate the Mid-Autumn Festival.
    
China was closed September 6-8 for the national holiday.
    
The Platts ex-works Henan alumina price was Yuan 2,600/mt ($423/mt) for 70:30 cash and credit payment terms, up Yuan 20/mt from Friday.
    
Spot trades were scarce Tuesday as domestic metal prices slipped, but sentiment stayed strong for the near term on anticipated restocking demand ahead of the winter during the fourth quarter and firmer imported alumina prices recently, several market sources said.
    
Refiners` offers across the country were also heard higher Tuesday.
    
Henan offers were pegged at Yuan 2,620-2,670/mt cash to partial credit terms, compared with around Yuan 2,600/mt previously, with Shanxi offers at Yuan 2,640-2,700/mt, also from Yuan 2,600/mt. Guangxi offers were quoted at Yuan 2,450-2,460/mt Tuesday, up from around Yuan 2,400/mt last week.
    
"Buyers and sellers are holding back today because metal prices lowered, and everyone just came back from holidays.
    
But smelters will still need to buy, especially in the next few weeks ahead of the National Day holidays at the beginning of October, so alumina can still firm," a Shanxi refiner said.
    
China will be closed from October 1-7 for National Day celebrations.
    
"The lower metal price today is just a technical correction, after having risen so much recently, so it`s not too surprising.
    
Prices now are much better than previously, and Q4 demand is strong, so we`re still confident alumina prices can edge higher," a Shandong trader said.
    
The front-month September aluminum contract on the Shanghai Futures Exchange closed at Yuan 14,875/mt Tuesday, down from Yuan 14,930/mt last week, but up from Yuan 14,030/mt a month ago.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s thermal coal imports expected to drop 50% to 70 million mt in 2018

Source: www.chinamining.org  Citation: Platts  Date: September 9, 2014

China`s 2018 thermal coal imports are expected to plummet to half of this year`s projected total of 140 million mt, Goldman Sachs said in a report Thursday, September 4.
    
"China has recently been overtaken by India as the single biggest importer," the bank said.
    
Goldman Sachs estimated India`s thermal coal imports at 156 million mt this year, rising to 230 million mt in 2018.
    
Although China is largely self-sufficient in thermal coal and its imports account for only 3% of its current domestic consumption, it has significant influence on international seaborne prices because it accounts for 16% of the global seaborne demand for thermal coal, Goldman Sachs said.
    
It said China`s domestic demand accounts for 53% of the world total demand for thermal coal, dwarfing the seaborne market by a ratio of 3.5 to 1.
    
"As a result, Chinese demand is price-sensitive and import volumes can be volatile," the bank said.
    
Goldman Sachs said total Pacific demand for seaborne thermal coal would be 698 million mt this year, growing to 767 million mt in 2018.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China`s refined copper output up 16.5% in Jul to 0.63 mln tons

Source: www.chinamining.org  Citation: China Knowledge  Date: September 9, 2014

The output of refined copper in China grew 16.5% year on year to 633,518 tons in Jul 2014, according to data released by the National Bureau of Statistics.
    
The figure for Jul was 1.62% higher than the 623,428 tons it realized in Jun 2014.
    
In the first seven months of this year, the country`s refined copper output amounted to 4.25 million tons, reflecting a year on year increase of 9.8%.
    
According to statistic released by the General Administration of Customs, China`s refined copper imports decreased 16.07% year on year to 244,959 tons in Jul, leading its total import of such product to 2.1 million tons, up 27.9% year on year.
    
China`s primary aluminum output hit a record high of 1.98 million tons In Jul, up 7.2% from the previous year. Meanwhile, its output of refined lead increased 10.3% year on year to a record high of 515,065 tons.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China is net exporter of oil products in August, fourth time in 2014

Source: www.chinamining.org  Citation: Platts  Date: September 9, 2014

China`s crude oil imports in August recovered to 25.19 million mt or an average 5.96 million b/d, surging 17.5% year on year, according to preliminary data released Monday, September 8, by the country`s General Administration of Customs.
    
The volume was 6% higher than the July volume of 5.62 million b/d, which had been the first year-on-year contraction in crude imports since October 2013.
    
China resumed crude exports last month after a five-month hiatus since March, shipping out 110,000 mt, although this was a 47.6% slide from August 2013.
    
This brought the country`s net crude imports in August to 25.08 million mt, or 5.93 million b/d, up 18.2% year on year.
    
Over January-August, China`s total crude imports rose 8.4% year on year to 200.92 million mt or an average 6.06 million b/d, according to the data.
    
Year-to-date crude exports plunged 71.2% year on year to 360,000 mt, bringing net crude imports to 200.56 million mt, which was an 8.9% increase from a year earlier.
    
China`s oil product imports slipped 1.6% year on year to 2.53 million mt in August, while oil product outflows rose 9.6% year on year to 2.73 million mt. This means China was again a net exporter of oil products last month, for the fourth time this year.
    
China had rarely been a net oil product exporter before this year but weak demand growth and ample production from domestic refineries have resulted in declining imports and relatively higher exports of oil products.
    
From January to August, China`s total oil product imports slumped 28.3% year on year to 19.65 million mt, while oil product exports dipped 0.5% year on year to 19.12 million mt, the data also showed.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Sinopec, PetroChina cut ex-works E China orthoxylene prices by Yuan 200 per mt

Source: www.chinamining.org  Citation: Platts  Date: September 3, 2014

China Petroleum and Chemical Corporation, or Sinopec, has cut its ex-works orthoxylene prices in East China by Yuan 200/mt ($27.20/mt) effective Monday, September 1, traders said Tuesday.
   
Yangzi-BASF and Sinopec Zhenhai, the company`s subsidiaries in East China, are now offering OX at Yuan 8,600/mt, equivalent to $1,169/mt on an import parity basis, sources said.
   
PetroChina, the other major Chinese OX producer, has also cut its OX prices in East China by Yuan 200/mt on Monday, sources said.
   
PetroChina`s subsidiaries, Liaoyang Petrochemical and Jilin Petrochemical, are now offering OX at Yuan 8,300/mt, or about $1,128.20/mt on an import parity basis.
    
Both companies last adjusted their ex-works OX prices in East China on August 28, also lowering them by Yuan 200/mt.
   
OX was last assessed by Platts at $1,180/mt CFR China on August 29, down $29/mt week on week.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

Coal stocks at China`s key Bohai sea ports fall for 7th straight week

Source: www.chinamining.org  Citation: Platts  Date: September 2, 2014

Coal stocks at China`s four major Bohai Sea ports dropped 4% week on week to 17.334 million mt on August 31, the seventh straight week of fall, the Qinhuangdao port authorities said Monday, September 1.

Coal stocks dropped 3.4% week on week to 5.41 million mt at Qinhuangdao port; 9% to 3.33 million mt at Jingtang; 1.4% to 5.83 million mt at Caofeidian; and 4% to 2.76 million mt at Tianjin.

The number of vessels queuing at the four ports totaled 90 on Sunday, down from 131 a week ago, Qinhuangdao port said.

Meanwhile, coal stocks at Fangcheng Port, a key facility for imports of Australian and South African thermal coal, stood at 5.34 million mt on Sunday, down from 5.52 million mt a week ago, according to a port source.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.

China cuts retail gas prices

Source: www.chinamining.org  Citation: Xinhua  Date: September 2, 2014

China`s top economic planner announced on Monday the cuts in the retail price of gasoline by 105 Yuan ($17.02) per tonne and that of diesel by 100 Yuan.   

The adjustment, to be effective on Tuesday, means benchmark retail prices will drop to 8,440 Yuan per tonne for gas and 7,335 Yuan per tonne for diesel, according to the National Development and Reform Commission.

It is the seventh time that retail oil prices have been cut this year. The last cut came on Aug. 18.

A pricing regime that came into effect last year adjusts domestic fuel prices when international crude prices change by more than 50 Yuan per tonne for 10 working days.

About CHINA MINING

Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20^th-23^rd, 2014. We invite you to join the event and to celebrate the 16^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.