en_矿业资讯

China`s crude oil imports ease from record, fuel exports fall

Source: www.chinamining.org     Citation: Reuters       Date: May 10, 2017

China`s crude oil imports eased in April from March`s record high as refiners processed less oil during a heavy maintenance season, while exports of refined fuel fell by a quarter from a month earlier due to quota reductions. 

China shipped in 34.39 million tonnes of crude oil last month, or about 8.37 million barrels per day (bpd), down nearly 9 percent from March, according to data from China`s General Administration of Customs on Monday. 

April`s level was still up 5.5 percent from a year ago, while imports for the first four months of the year rose 12.5 percent to 139.12 million tonnes, or 8.46 million bpd. 

"April looks more like a return to normal import level. Imports will likely trend down further in the coming few months as refinery maintenance season unfolds and teapots run out of import quotas," said Harry Liu, analyst of consultancy IHS Markit. 

Arrivals in March hit 9.17 million bpd as China`s intake topped the United States for the first time in 2017. 

April`s slower imports came as major refineries kicked off their annual maintenance periods, although lower crude oil prices still supported robust demand from some processors. 

Oil prices have tumbled to five-month lows, with benchmark Brent crude down nearly 15 percent from a mid-April high, hit by the breakneck pace of U.S. oil output that have undermined OPEC efforts to rein in production. 

Many of China`s independent refineries, nicknamed "teapots", have nearly run out of import permits issued at the start of the year, another reason for slowing imports, said IHS`s Liu. 

He expected purchases to pick up from July after Beijing grants the second batch of quotas, although China has started to limit how much crude oil can be imported by private refiners.. 

The state planner said last month it will stop accepting from May 5 new applications from private oil refiners seeking approval to use imported crude oil. 

April imports of oil products fell 7.8 percent to 2.49 million tonnes while exports of oil products [C-FUEXP] fell 25.1 percent to 3.50 million tonnes. 

The fall in exports was partly because of a sharp reduction in quotas, after the second batch of permits issued to the country`s dominant state oil firms for 2017 was down 73 percent from the first round. 

(tonne =7.3 barrels for crude)

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Inner Mongolia`s rare earth exports increased by 1.6 times

Source: www.chinamining.org     Citation: chinadaily.com.cn        Date: May 09, 2017

Data released by the Hohhot customs show that in the first quarter of 2017, rare earth exports reached 2602.9 tons from Inner Mongolia autonomous region, a 1.6 times of year-on-year increase, the Inner Mongolia Daily reported on May 5. 

The total exports value is 60 million yuan ($8.72 million), a year-on-year increase of 49.6 percent. 

In March, the exports reached 1105.1 tons, a 1.7 times of year-on-year increase, with a ring growth of 58.9 percent, according to monthly statistics. 

Of all the exporting countries, Japan occupied the largest export market. There was also substantial increase in the exports to Germany, the United States and South Korea.

In the first quarter, rare earth exports to Japan had a year-on-year increase of 3.3 times, Germany, 3.5 times, the United States, 81.1 percent and South Korea, 126 times. 

With relevant measures carried out, the export order of the rare earth industry was regulated, which promoted the rebound of rare earth prices. 

It has been learnt that, on January 1, 2015, China officially ended rare earth export quota system. Enterprises can now apply for exports by merely offering export contracts, without needing anyapproval.

On May 1, 2015, the export tariffs on rare earth were eliminated. China’s Ministry of Industry and Information Technology, China’s Ministry of Public Security, with another six ministries and commissions, jointly carried out actions to combat illegal violations and undocumented mining of rare earth products, and also penalized enterprises for illegal mining and smelting.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Shandong gold discovery

Source: www.chinamining.org     Citation: Global Times       Date: May 04, 2017

There has been a massive gold deposit discovered in Jiaodong district in East China`s Shandong Province since 2011, with newly added gold reserves reaching more than 2,400 tons, said Yu Haifeng, an official with the Ministry of Land and Resources on Wednesday.

The newly added reserves exceed the total resources that Jiaodong found from 1949 to 2010, which stood at 1,932 tons, Yu told a press conference, adding that more than 70 large and medium-sized gold mines have been found since 2011.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China`s steel plants face renewed stock pressure

Source: www.chinamining.org     Citation: Xinhua       Date: May 03, 2017

Chinese steel plants are seeing growing output but falling orders, renewing concerns of excess inventories, an industrial index showed. 

The Purchasing Managers` Index of the steel sector continued to slide to 49.1 in April, according to the China Federation of Logistics & Purchasing (CFLP). 

The sub-index for production rose for the fourth-consecutive month to an almost one-year high while that for new orders and prices fell below the 50 boom-bust line for the first time this year, CFLP data showed.

Slumping steel prices and tight liquidity conditions weighed on steel product users, adding to sale pressure for steel plants. 

Both official and private surveys showed that China`s manufacturing sector eased expansion in April.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China`s oil reserves increase

Source: www.chinamining.org     Citation: Xinhua        Date: May 02, 2017

China`s national oil reserves rose to 33.25 million tons in mid-2016, official data showed Friday. 

The figure represented 4-percent growth from 32 million tons at the start of 2016, said a statement by the National Bureau of Statistics (NBS). 

The oil is at nine strategic storage bases and some corporate facilities, it added. 

China`s state strategic oil reserve program was launched in 2004 to offset supply risks and reduce the impact of fluctuating prices on the domestic market.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

China steel, iron ore jump to near 1-mth highs on restocking demand

Source: www.chinamining.org     Citation: Reuters         Date: May 02, 2017

Chinese steel futures climbed to their highest in almost a month on Tuesday, supported by restocking demand following a long holiday weekend that also lifted raw material iron ore.

Chinese markets were shut on Monday for the Labor Day holiday along with other markets in Asia. 

It is still unclear whether the outlook for Chinese steel demand in May would be brighter than in April, said Helen Lau, analyst at Argonaut Securities in Hong Kong, when consumption turned out slower than many had expected. 

China`s factory sector lost momentum in April, with growth slowing to its weakest pace in seven months as domestic and export demand faltered, a private survey showed.

The most-active rebar on the Shanghai Futures Exchange was up 2.5 percent at 3,144 yuan($456) a tonne by 0223 GMT. The construction steel product initially rose to its highest since April 6 at 3,160 yuan.

Iron ore on the Dalian Commodity Exchange jumped as much as 5.8 percent to 539 yuan a tonne, its loftiest since April 7, and was last up 4.8 percent at 534 yuan. 

"After the holiday there`s a bit of restocking demand, that`s why you see steel prices come up quite substantially and it`s reflected in futures," said Lau. 

It still remains to be seen whether Chinese steel demand would pick up pace this month, with market participants also closely watching Beijing`s efforts to tighten financial leverage which may impact the ability of Chinese steel mills to access loans, said Lau. 

China must ward off systemic financial risks, and regulators must strengthen financial supervision and increase coordinated oversight of major financial institutions, Chinese President Xi Jinping said last week.  

But underlying steel demand appears to remain firm, with steel inventory among traders continuing to drop, she said. 

Stocks of five major steel products - including construction-used rebar - held by Chinese traders stood at 12.1 million tonnes as of April 28, down 6 percent from the previous week and the lowest since January, said Lau, citing data from Mysteel consultancy.

($1 = 6.8957 Chinese yuan)

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us.  For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Chalco net profits soar in Q1

Source: www.chinamining.org     Citation: Xinhua       Date: April 27, 2017

Net profits of the Aluminum Corporation of China Limited (Chalco), China`s top aluminum producer, increased sharply in the first quarter.

The company made 920 million yuan ($130 million) net profit in the first three months, nearly four times the amount in the same period last year. Revenue approximately doubled, according to the company`s first quarter report released Tuesday.

"The profits are associated with the long-term promising outlook in the economy," an official of Chalco said, adding that improved management also boosted profits.

Chalco made a total profit of about 1.66 billion yuan last year, 11 times the 2015 level. The company posted a strong start this year with the first quarter profits making up more than half of the full-year figure of 2016.

Analysts attributed Chalco`s good performance to cost control and proper handling of "zombie enterprises".

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin China in September23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.

Over 100 firms joining Vietnam`s trade fair for construction, mining, transport

Source: www.chinamining.org     Citation: Xinhua       Date: April 26, 2017

Over 100 domestic and foreign firms are taking part in the ongoing International Trade Fair for Construction, Mining and Transport, Machinery, Equipment, Technology, Vehicles and Materials (Contech Vietnam 2017) in Vietnam`s capital Hanoi.

The three-day event which opened Tuesday is drawing participation of exhibitors from China, Germany, Japan, Spain, South Korea, Singapore, Thailand and Vietnam among others, reported local Vietnam News newspaper on Wednesday.

The fair provides a chance for participants to advertise their machines and technology, and seek new partners while fostering technical transfers, said Vietnam Building Material Association, the organizer.

On the sidelines of Contech Vietnam 2017, a total of three conferences covering technology in construction, building material, and the mining industry will also be held.

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 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin China in September23-25, 2017. We invite you to join the event and to celebrate the 19^th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: www.chinaminingtj.org.