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1. voda 25 april 2019 17:53

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   ZF & Foton open transmission plant in China
   
   ZF and Foton Open Joint Transmission Plant in China, Advancing Automation for Commercial Vehicles. The joint venture, known as ZF Foton HCV Automated Transmissions (Jiaxing) Co Ltd in which ZF holds a 51% share, is focused on heavy commercial vehicles. The main objectives of this enterprise are the production and marketing in China of ZF’s automatic commercial vehicle transmission system, TraXon. The system will be integrated into commercial vehicles produced by manufacturer and joint venture partner, Foton.
   
   ZF Foton HCV Automated Transmissions (Jiaxing) Co Ltd began production. Production capacities in Jiaxing will be expanded successively and this is where ZF will produce the TraXon 12-speed transmission for the Chinese market. With an efficiency factor of 99.7 percent, TraXon is the most efficient commercial vehicle transmission on the market today and can be combined with additional functions, ensuring its viability for future market developments. These functions include, for example, ZF’s predictive gearshift strategy PreVision GPS. With improved use of the rolling function this can further increase efficiency. The off-road and rock-free functions can improve the transmission performance during winter months, or in special vehicle applications. Moreover, ZF Foton HCV will offer the TraXon transmission system together with the Intarder transmission brake. This effectively brakes heavy trucks without strain or wear on the service brakes. The Intarder can increase safety and extend the service interval, thus offering additional cost advantages in practice. Production of the Intarder will also begin in Jiaxing, imminently.
   
   A second joint venture, Foton ZF LCV Automated Transmissions (Jiaxing) Co Ltd, in which ZF holds a 40-percent share, produces transmissions for light commercial vehicles in Jiaxing for the Chinese market.
   
   Source : Strategic Research Institute
2. voda 25 april 2019 17:55

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   ADNOC makes first shipment of calcined coke to China
   
   The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. 10,500 tonnes of calcined coke were loaded by ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company, onto the MV Lucky Ocho, a vessel chartered by ADNOC Logistics & Services, to be delivered in Yantai, China by the end of April 2019. The first shipment of this high-value product represents the latest milestone in ADNOC’s effort to reduce production of high-sulfur fuel oil (or ‘residue oil’) – and move towards being a ‘zero-fuel oil’ refining business. ADNOC made zero-fuel oil refining a high priority when the International Marine Organization’s (IMO) 2020 Regulation was first proposed – aimed at reducing the sulfur content contained in marine fuels from 3.5 percent to 0.5 percent – in an effort to limit the potential environmental impact of global shipping fleets.
   
   IMO 2020 is expected to have a profound impact on the global refining and transport fuels industry. ADNOC commissioned, in September 2018, its multi-billion-dollar Carbon Black and Delayed Coker Unit. The Unit – which produced the UAE’s first-ever calcined coke, currently being shipped to China – allows ADNOC to extract the maximum value from sulfur-heavy ‘bottom-of-the-barrel’ oils and slurry, as it delivers on its Downstream strategy.
   
   Source : Strategic Research Institute
3. voda 25 april 2019 17:56

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   China to support hydrogen and fuel cell vehicles to go green
   
   China will push ahead with the development of China's hydrogen energy and fuel cell vehicle industry, a government official said on Tuesday, as part of wider efforts to promote green energy in the world's largest auto market. Mr Huang Libin, a spokesman for the Ministry of Industry and Information Technology said that "Hydrogen fuel cell vehicles and pure electric vehicles with lithium batteries are important technical routes for new energy vehicles.” Mr Huang said that pure electric vehicles are more suitable for urban and short-distance passenger travel, while hydrogen fuel cells are more suitable for long-distance and large commercial vehicles.
   
   Mr Huang said that "We believe that hydrogen fuel cell vehicles and pure electric vehicles will coexist and complement each other for a long time to meet the needs of transportation and people's travel.”
   
   Senior industry executives and academics in China have urged the government to support hydrogen fuel cell technology due to its suitability for commercial vehicles.
   
   Japan's Toyota Motor Corp plans to supply fuel cell components to China's commercial vehicle makers after launching a joint research institute with Tsinghua University last week.
   
   Source : Strategic Research Institute
4. voda 25 april 2019 18:12

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   Malaysia to restart USD 34 billion Kuala Lumpur development with China's CREC
   
   The government of Malaysia said that it plans to resurrect Bandar Malaysia, the country’s biggest ever real estate development, which it terminated in May 2017 after a dispute with a consortium made up of Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corp (CREC). Prime Minister Mr Mahathir Mohamad said that his cabinet had agreed to reinstate the USD 34 billion scheme, which will give Kuala Lumpur 200ha of shopping mall, canals, 10,000 affordable homes, theme parks, cultural villages, a financial centre and CREC’s own USD 2 billion regional headquarters. He added that it would be “a significant contribution to the Belt and Road Initiative, which Malaysia expects to be able to tap [into] and exploit its multiplier effects along the value chain”.
   
   However, it was originally designed to house the northern terminus of the high-speed rail line connecting Singapore to Kuala Lumpur, which would cut travel time between the cities to 90 minutes, but that project remains suspended.
   
   Mr Mahathir said Bandar Malaysia, which is 40% owned by the government, would be developed with the same consortium partners, and would boost urban development and attract companies working in finance and technology.
   
   Source : Global Construction

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5. voda 25 april 2019 18:13

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   China's Belt and Road can drive Kenya growth - Report
   
   Business Daily reported that in the past five decades, the Africa-China ties have developed significantly. By June 2018 China had risen to become Kenya’s second leading lender after the World Bank having advanced the country KES 557 billion against the Bank’s KES 581 billion. The emergence in September 2013 of the Chinese “Belt and Road Initiative” was an additional chapter in the history of relations between China and African countries. China’s President Xi Jinping recently announced that the second Belt and Road Forum for international Cooperation will be held this April in China. It was inaugurated in May 2017.
   
   For the second forum, the China is predicting that around 40 Heads of State, including President Uhuru Kenyatta, will attend. The Initiative aims to establish a network of railways, roads, pipelines, and utility grids that would link China to the rest of the world. It will inject billions of dollars in international transportation infrastructure stretching across Asia, the Middle East, Europe and Africa.
   
   The Initiative, with a focus on Africa, focuses on trade, finance and investment, agriculture and manufacturing, connectivity of infrastructure and facilities, ecological and environmental protection and lastly tourism, cultural, social and educational exchanges.
   
   As the plans for the Belt and Road Initiative unfold, Kenya finds itself at a vantage position among peers. A look at its map reveals how Kenya is significant to the initiative’s ‘Maritime Silk Road’ where Kenya acts as the link between Asia and Africa.
   
   Already, with Chinese funding, Kenya has seen rapid progress in infrastructure development.
   
   The Standard Gauge Railway (SGR), Kenya’s largest single infrastructure project, was made possible by funding from China.
   
   Since the Initiative has a heavy bias towards infrastructure, the fact that Kenya’s SGR construction is progressing steadily makes Kenya an indispensable hub along this modern Silk Road. The SGR line will improve the inter-country transportation status in East Africa, forming a modern railway network.
   
   The project implementation will promote the regional economic and trade development, support the national economic development in Kenya and facilitate the regional economy to better and faster development of the Sudan, Uganda, Ethiopia, Rwanda, DRC and Burundi.
   
   The efficiency of the railway system will also improve foreign trade, tourism, and agriculture in the region leading to an increase in the economic growth.
   
   The infrastructure envisaged in the Belt and Road is both cross boundary and trans-continental. This will help in promoting transnational trade, business and tourism with Kenya being East Africa’s most important link in this infrastructure chain.
   
   Through this infrastructure, Kenya will play a greater economic role within the East African market while fanning local developments and providing new jobs at home.
   
   The Belt and Road Initiative infrastructure is also expected to improve and boost trade among participating economies. The connectivity is bound to increase our exports by making it easier and cost-effective to move goods from the hinterlands to the port of Mombasa for export. It will also help in spurring the East Africa Community cooperation.
   
   Source : Business Daily
6. voda 25 april 2019 18:14

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   China's focus Belt and Road construction facilitates a faster world - Report
   
   Xinhua reported that building Budapest into one of the largest logistics centers in eastern Europe is a shared goal of Nemeth Miklos Ivan, consul of Hungary in southwest China’s Chongqing Municipality, and Qi Dan. Qi is the head of Yuxinou (Chongqing) Logistics Co, Ltd, who explored the rail route between Chongqing and Duisburg in Germany in 2011, the start of the China-Europe cargo train service.
   
   Chongqing, as an important location of China’s western development strategy, is situated on the “connecting point” of the Belt and Road and the Yangtze River Economic Belt, playing a unique role in China’s regional development and opening up. It is connected to the eastern seaboard thanks to the Yangtze, China’s longest river, making it a transfer hub for commodities from the western areas to be sold across the world and for goods from around the globe to reach China’s far west.
   
   Boosted by the Belt and Road construction, the international train service has been expanding fast in the city over the past eight years. The service of Yuxinou now takes about 12 days from Chongqing to Europe, about one-third of the traditional ocean shipping time. A total of 1,442 freight trains traveled between Chongqing and European countries last year, compared with only 100 in 2014.
   
   Hungarian businessman Mr Akos Kovacs, said that “Yuxinou has made China and European countries closer with shorter freight transportation time and stronger cash flow. If we build a distribution center in Budapest, commodities from the Chinese market can also reach to six other countries including the Czech Republic and Romania, and vice versa.”
   
   Source : Xinhua
7. voda 25 april 2019 18:14

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   Sri Lanka rejects fears of China’s ‘debt-trap diplomacy’ in belt and road projects - Dr Kodituwakku
   
   South China Morning Post citing, Sri Lanka’s top envoy to China, as saying that the island nation will never default on its loans and will meet its obligations to lenders this year – expected to amount to USD 5 billion – despite being caught in an intense debt crisis. Dr Karunasena Kodituwakku, Sri Lanka’s ambassador in Beijing since 2015, also rejected the concept of “debt-trap diplomacy”, while admitting debt pressure on the country, known as “the Pearl of the Indian Ocean”, was huge.
   
   Dr Kodituwakku said that “Fortunately during 2018 we were able to handle repayment obligations very carefully without facing serious difficulties, and this year is very critical due to payments within the first few months, and in February and March, however all debts have been settled.”
   
   He said that “I believe even for the rest of this year we’ll be able to manage, and next year onwards, we’ll still have to pay back, but not such a heavy obligation. Therefore, by 2020 onwards, our situation would be much more favourable. We’ll be able to invest more capital from our own funds for development, including improvement in the quality of people’s lives.”
   
   Source : South China Morning Post
8. voda 26 april 2019 05:07

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   Waarom jouw volgende auto misschien wel uit China komt
   
   China wordt steeds belangrijker als autoland. Niet alleen als afzetmarkt, maar ook als motor voor innovatie. Nog even en Chinese merken verleiden ook de Nederlandse autokoper.
   
   Erik Kouwenhoven 26-04-19, 05:00
   
   Wie door Shanghai loopt, ervaart een weldadige rust. Bij de verkeerslichten staan weliswaar tientallen scooters te wachten, maar je hoort niets. Dat komt doordat de president van China een paar jaar geleden besloot dat de knetterende tweetakt-brommers van de ene op de andere dag de stad niet meer in mochten.
   
   Lees ook
   Dit nieuwe automerk plaatst een tablet in het stuur
   Lees meer
   
   Met auto’s gaat China nog niet zover, maar geen land ter wereld is verder met elektrisch en autonoom rijden. Hoe belangrijk China voor de Europese autofabrikanten is, valt goed af te lezen aan de nieuwe BMW7 Serie. Dat model heeft een gigantische grille omdat Chinese kopers een markante grille als statussymbool zien. Ook de achterzijde van de nieuwe Porsche 911 oogt tamelijk Aziatisch. En dat auto’s sinds enige tijd ruimschoots worden voorzien van typenaam en –nummer, gebeurt naar verluidt omdat de Chinezen graag aan anderen willen laten zien in wat voor soort auto ze rijden.
   
   Gretig
   Nog een typisch Chinees statussymbool is de verlengde auto. Chinezen willen graag de indruk wekken dat ze worden ‘gechauffeerd’. De Europese autofabrikanten happen gretig en leveren in China verlengde uitvoeringen van een groot aantal modellen die we in Europa alleen maar in een korte versie kennen. Ander voorbeeld: Volkswagen bouwt in China speciaal voor de Chinese markt vijf SUV’s met namen waarvan wij nog nooit hebben gehoord. Niet vreemd. Want behalve enorme omzetten en hoge marges, is het verkopen van een auto hier snel winstgevend en vrij eenvoudig.
   
   ,,China is de grootste automarkt ter wereld’’, zegt Jacques Geijsen van VW-importeur Pon’s Automobielhandel in Leusden. ,,Het is één land met één miljard mensen. Dat betekent één brochure, één configurator, één campagne en één voordeelpakket, omdat nagenoeg iedereen hetzelfde wil. Dat werkt een stuk lekkerder dan de lappendeken die Europa heet, met al zijn verschillende talen, eisen en voorkeuren.’’ Volkswagen is dan ook groot in China, evenals BMW en Mercedes-Benz. Alle drie de merken verkopen hier meer auto’s dan waar ook ter wereld.
   
   Elektrisch
   Maar ook de Europese automobilist zal steeds meer de invloed van China merken. Het land loopt voorop met innovatie. Op de autoshow van Shanghai tonen Chinese fabrikanten eigenlijk alleen maar auto’s op elektriciteit en waterstof. Naar verwachting verkopen zij rond 2025 jaarlijks vier miljoen elektrische auto’s: aantallen waarvan Europese fabrikanten alleen maar kunnen dromen. Duitse autofabrikanten vertrouwen ook steeds meer op China voor onderzoek en ontwikkeling.
   
   VW-baas Herbert Diess omschreef op de autoshow van Shanghai deze maand China als ‘de benchmark voor iedereen’. ,,Ongeveer de helft van de ongeveer 20.000 ontwikkelingsexperts van VW is al betrokken bij het onderzoeken van technologieën, producten en auto-ontwerpen voor China.’’
   
   Centrum
   Functies voor automatisch rijden, netwerken of sensortechnologie zouden in toenemende mate rechtstreeks in China kunnen worden ontwikkeld, denkt VW. Analisten zien de Volksrepubliek dan ook als het toekomstige centrum van de industrie. ,,De auto van morgen komt uit China’’, zegt de Duitse marktanalist Ferdinand Dudenhöffer. ,,Niet alleen is de markt zo groot dat geen enkele fabrikant er meer overheen kan komen, het land wordt ook steeds meer een leider op technologisch gebied. De Chinezen hebben een voorsprong met elektrische auto’s. Dankzij subsidies van de overheid, beperkte beschikbaarheid van kentekens voor benzine-auto’s en productiequota, zouden dit jaar meer dan twee miljoen e-auto’s in China verkocht kunnen worden. In 2020 zullen het drie miljoen zijn.’’
   
   China’s grootste autofabrikanten zoals Geely, BAIC of BYD bieden al jaren elektrische auto’s aan. Maar de grootste aanjagers van innovatie zijn jonge bedrijven als Nio of Byton, die uitsluitend elektrische auto’s produceren. Ook het Chinese automerk Weltmeister produceert louter elektrische auto’s. Met deze naam probeert het bedrijf te profiteren van het nog steeds uitstekende imago van Duitse merken in China. En dan domineert China ook nog eens de wereldwijde markt voor batterijen. Zo’n 35 procent van het wereldwijde aanbod van accu’s voor elektrische auto’s kwam vorig jaar van twee grote Chinese fabrikanten.
   
   Ook bij het tweede hoofdthema van de toekomst, het digitaliseren van de auto, lopen de Chinezen voorop. Zo is telecomgigant Huawei technologieleider in het snellere mobiele internet 5G, dat noodzakelijk is voor autonoom rijdende auto’s. En zoekmachine-bedrijf Baidu (de Chinese concurrent van Google) werkt aan een zelfrijdende robotauto die waarschijnlijk tot een marktdoorbraak in China zal leiden.
   
   Export
   Het duurt niet lang meer voordat Chinese merken ook Nederlandse autokopers zullen verleiden. Hier en daar wordt de export naar Europa al voorbereid. Byton, een merk met hightech auto’s die onder meer gekenmerkt worden door gigantische beeldschermen in het dashboard, heeft grootse plannen. De firma Lynk & Co, eigendom van Geely, dat ook Volvo bezit, gaat binnenkort in België elektrische auto’s produceren voor Europa op basis van de Volvo XC40. En het merk Polestar, eveneens een dochter van Geely-Volvo, heeft Nederland zelfs aangewezen als een van de negen landen waar het merk zich primair op richt.
   
   Veelbelovend is de volledig elektrische Polestar 2, een model waarmee deze fabrikant de concurrentie met Tesla Model 3 aangaat. De afmetingen en prestaties zijn vergelijkbaar en hetzelfde geldt voor de prijs, die rond de 50.000 euro zal liggen. Polestar belooft een actieradius van 500 kilometer en een motorvermogen van 408 pk: goed voor een acceleratie van 0 naar100 km/u in minder dan 5 seconden. De auto wordt vanaf begin volgend jaar in China gebouwd.
   
   www.ad.nl/auto/waarom-jouw-volgende-a...
9. voda 26 april 2019 13:32

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   Chinese president in juni naar Washington voor handelsakkoord - media
   
   (ABM FN-Dow Jones) De Chinese president Xi Jinping reist mogelijk in juni af naar Washington voor een ontmoeting met de Amerikaanse president Donald Trump om een handelsakkoord tussen de twee economische grootmachten te ondertekenen. Dit meldde de South China Morning Post vrijdag op basis van bronnen bekend met de situatie.
   
   Het nieuws bevestigt een opmerking van Trump donderdag, die zei dat Xi het Witte Huis "binnenkort" zal bezoeken.
   
   De bronnen meldden aan de krant dat Xi bereid zou zijn om af te reizen naar de Verenigde Staten zodra een akkoord is bereikt tussen de twee landen, zodat hij en Trump het akkoord 'face-to-face' kunnen ondertekenen.
   
   "Juni is een optie, maar het kan later worden", zei de bron tegen het Chinese dagblad.
   
   Door: ABM Financial News.
   info@abmfn.nl
   Redactie: +31(0)20 26 28 999
   
   © Copyright ABM Financial News B.V. All rights reserved.
10. voda 26 april 2019 14:41

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    Chinese built Genale Dawa III hydro power project in Ethiopia to start in H2 of 2019
    
    Devdis Course reported that Ethiopia is planning to commission two Chinese-built energy projects in the second half of 2019. The Deputy Minister at Ethiopia ministry of water, irrigation Frehiwot Woldehanna told Xinhua that the 254 MW Genale Dawa III hydro project and an electricity transmission line connecting Ethiopia to Kenya is expected to be commissioned in the second half of this year.
    
    The 254 MW Genale Dawa III hydro project is located in south-eastern Ethiopia and is currently being built by China Gezhouba Group at a cost of around USD 450 million. The 1,045 kilometres Ethiopia-Kenya electricity transmission line is divided between 612 kilometres on the Kenyan side and 433 kilometres on the Ethiopian side. The 1,045 kilometres electricity transmission project which is expected to need USD 1.2 billion to be completed is funded by the African Development Bank and the World Bank.
    
    The Ethiopian side of the Ethiopia-Kenya electricity transmission line is currently being constructed by China Electric Power Equipment and Technology. The electricity transmission line will have a transmitting capacity of 2,000 megawatt once it is completed.
    
    Woldehana said Chinese firms have played an important role in helping Ethiopia achieve its energy sector ambitions, affirming his government's commitment to continue energy sector partnership with Chinese firms. The energy sector is one of Ethiopia's priorities as the country envisages to become a light manufacturing hub in Africa together with a middle-income economy by 2025, as reported by Xinhua.
    
    Ethiopia plans to increase its current 4,300 MW electricity generation capacity to 17,300MW by 2025, with power generation projects in hydro, wind, geothermal and biomass sectors.
    
    Source : Devdis Course
12. voda 26 april 2019 14:59

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    Serbia inks several infrastructure pacts with Chinese companies
    
    B92 reported that a Serbian led by President Aleksandar Vucic signed several bilateral agreements in the field of infrastructure and innovation in Beijing. Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic signed with the consortium Power Construction Company of China and Azvirt a Memorandum of Understanding on Cooperation. It will allow the implementation of the Road Construction Project around Belgrade on the E70/E75 highway and the freight roundabout railway, section Bubanj Potok-Pancevo (Sector C), the government has announced.
    
    She also signed the General Agreement for the reconstruction and modernization of railroad sections on Corridor 10, section Belgrade-Nid-Presevo-state border with North Macedonia, between the government of Serbia, Serbian Railways Infrastructure and Chinese company China Road and Bridge Corporation (CRBC).
    
    Mihajlovic also signed a Memorandum of Understanding between the Ministry of Construction, Transport and Infrastructure of the Republic of Serbia and the Ministry of Trade of China on the establishment of the Working Group for Investment Cooperation.
    
    The deputy prime minister signed a Memorandum of Understanding between Serbia and the company Power Construction Company of China Limited on cooperation in connection with the implementation of the project Belgrade Metro.
    
    Minister without Portfolio in charge of Innovation and Technological Development Nenad Popovic signed three agreements with Chinese company CRBC, which acquire the conditions for starting work on the project of the Serbian-Chinese industrial park in Borca.
    
    Source : B92
13. voda 26 april 2019 15:00

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    Massive TBM arrives in Shenzhen for Chunfeng Tunnel
    
    Construction Index reported that the government of Shenzhen in China has announced the arrival of what is said to be the country’s largest domestically made slurry tunnel boring machine. The machine has a diameter of 15.8m - equivalent to the height of a five-storey building. China Railway Engineering Equipment Group has developed the machine, which weighs about 4,800 tonnes tonnes and is 135m long. It will start work in mid-May boring the 5km double-decked Chunfeng Tunnel, which is being built to relieve congestion as part of the city’s Go East strategy.
    
    It will be Shenzhen’s first single-bore tunnel with a double-decked interior and will provide four lanes and two continuous emergency parking lanes.
    
    The TBM will cross 11 fault zones of up to 431m wide and will negotiate a minimum curve radius of 750 meters, said the Shenzhen government. Settlement control will also be essential, as the tunnel goes underneath a residential area, the city’s Metro Line 9 and other urban buildings and public infrastructure.
    
    Source : Construction Index

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14. voda 26 april 2019 15:37

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    Volkswagen to build electric vehicle plant with JAC in China
    
    Reuters reported that according to a document posted online by the Hefei Economic and Technological Development Area, Volkswagen AG's joint venture with China's Anhui Jianghuai Automobile Co plans to invest CNY 5.06 billion (USD 751 million) in a new electric car factory in the eastern Chinese city of Hefei. Volkswagen and JAC had obtained approval from environmental authorities to build a plant capable of producing 100,000 all-electric battery cars a year.
    
    A spokesperson for the joint venture confirmed plans for the plant, saying the approval represented an orderly advancement of the project.
    
    Source : Reuters
15. voda 26 april 2019 16:05

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    China's benchmark power coal price remains flat
    
    According to Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd, China's benchmark power coal price remained flat during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in northern China's major ports, stood at CNY 579 per tonne. A number of factors helped stabilize coal prices. Prices of coal from the north western province of Shaanxi rose as production in some regions did not resume as quickly as expected, raising purchase costs and thus providing support for selling prices at the ports.
    
    However, the buyers had bigger bargaining power as the power plants in the coastal areas started entering the maintenance period since late in the month, driving their daily consumption to the lowest level in nearly two months.
    
    Meanwhile, the country's major power plants had a high inventory, rising to exceed 70 million tonnes again in two months.
    
    Source : Xinhua
16. voda 26 april 2019 16:12

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    Jiangxi Copper planning to build scrap based copper smelter at Sabah in Malaysia
    
    Reuters reported that Jiangxi Copper Co, one of China's biggest copper producers, plans to build a plant to produce refined copper in Malaysia's eastern state of Sabah, as the country emerges as a dismantling centre for non-ferrous scrap. Chairman Long Ziping said that the company plans to use copper scrap and not copper concentrates as raw material for the plant
    
    He said “Jiangxi Copper chose Sabah because of its proximity to China, the largest consumer of the red metal, but the processed copper will not necessarily go to China.”
    
    He declined to comment on the capacity of the copper plant and the cost of building the plant. He said "We are now still at the stage of studying the source of supply. Once we see the scope of supply and how much raw material is guaranteed, we will decide on the capacity of the plant. It is too early to say when they will start construction.”
    
    China has been clamping down on scrap imports as part of a campaign against foreign solid waste. Imports of low-grade copper scrap such as coiled cable and waste motors, known as Category 7, have been banned since the start of 2019. The government said last December that imports of eight further kinds of scrap, including high-grade scrap copper known as 'Category 6', as well as types of aluminium and steel scrap, would be restricted from July 1.
    
    Source : Reuters
17. [verwijderd] 29 april 2019 09:13

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    Volgens Mnuchin zijn de gesprekken met China in een laatste fase gekomen. We moeten het nog maar gaan zien. Trump is er de persoon naar om het met een Twitter berichtje alsnog te torpederen. Ik verwacht weinig inhoudelijks van de deal.
18. [verwijderd] 29 april 2019 11:33

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    quote:

    haas schreef op 29 april 2019 09:13:

    Volgens Mnuchin zijn de gesprekken met China in een laatste fase gekomen. We moeten het nog maar gaan zien. Trump is er de persoon naar om het met een Twitter berichtje alsnog te torpederen. Ik verwacht weinig inhoudelijks van de deal.
    

    De Verenigde Arabische Emiraten heeft een 3,4 miljard deal met China gesloten. Dit in het kader van de Nieuwe Zijderoute.
    Dit in totaalpakket van 67 miljard wat China sloot met vele landen
19. voda 29 april 2019 15:10

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    Chinese copper concentrate imports in Jan-Mar’19 surge by 20% YoY
    
    SMM reported that data from China Customs showed that China imported some 1.77 million tonnes of copper concentrate in March 2019. This grew imports in the first three months of 2019 to 5.59 million tonnes, standing 20% higher than the same period the year before.
    
    Source : SMM
20. voda 29 april 2019 15:21

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    Chinese coking coal imports from Australia in March surge 9% MoM
    
    Reuters reported that customs data showed that China's imports of Australian coking coal nearly doubled in March from a month earlier as a flurry of shipments were accepted after being delayed at customs clearance for more than a month. General Administration of Customs said that arrivals of Australian coking coal were at 2.23 million tonnes in March 2019, up 92% MoM from 1.16 million tonnes in February 2019 and 1.33 million tonnes in March 2018.
    
    Traders reported extended inspections of Australian supplies, including a ban on Australian coal vessels docking at port, in the past two months. Meanwhile, lengthy customs clearances remain across ports in the country.
    
    Source : Reuters
21. voda 29 april 2019 15:23

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    China's to boost coal as hopes for end Australian import
    
    SMH reported that China's decision to boost its domestic thermal coal mining industry has raised hopes the country's unofficial restrictions on Australian imports may soon end. Australian thermal coal has faced lengthy customs delays at Chinese ports and debate has raged on whether the restrictions were driven by political or economic motivations. When restrictions were first reported, some experts suggested China was punishing Australia for its ban on telecommunications company Huawei.
    
    However, coal miners said restrictions were frequently put in place to allow Chinese domestic operators "time to shine" and build them up by pressuring Australian producers.
    
    Macquarie Bank's latest research said China's indefinite import quotas had boosted domestic thermal coal supplies after the sector slowed down last year, giving miners hope the restrictions could soon lift.
    
    Macquarie sales and trading analysts said that “China’s local spot thermal coal prices have lifted over the last two months – unlike those of the seaborne market – supported locally by a slowing in the recovery of its mine supply rate and government-imposed restrictions.”
    
    China-based Wood Mackenzie analyst Nuomin Han said the Chinese government had approved more domestic coal mines, lifting production levels.
    
    A mining industry source close to the issue, who preferred to remain anonymous, said China’s aim was to put its coal sector on the front foot to help boost its broader economy.
    
    He said that “They could be trying to cope with a slowdown in the Chinese economy. When they’re facing slowdowns they fire up their traditional industries to act as a cushion for other sectors. Conversations we're having suggest these restrictions might start to relax by the end of May."
    
    Source : SMH