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voda 29 april 2019 15:26

China's fast-tracks railway, highway projects to spur growth

Reuters reported that China has approved or revived railway and highway projects since the second half of 2018, as Beijing accelerated infrastructure spending to spur growth in the world's second-biggest economy. The economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown after Beijing rolled out growth-boosting measures. China aims to nearly double its urban railway scale by 2020, and its vast high-speed railway network will span 30,000 km by then, up from 19,000 km, according to China's state council.

Below is a list of railway and highway projects China has approved or planned to accelerate.

Zie pdf.

Source : Reuters

Bijlage:

voda 29 april 2019 15:31

Kenya inks USD 2.23 billion projects deal with China

The East African reported that Kenya and China on Friday signed project delivery agreements worth Ksh226 billion (USD 2.23 billion) for a tech city and an expressway. Kenya’s President Mr Uhuru Kenyatta, who is in China for the second Belt and Road forum, witnessed the signing of the deals that will be fulfilled through concessional financing and Public Private-Partnership. The Konza Data Centre and Smart Cities deal is worth Ksh175 billion (USD 1.72 billion) while the JKIA-James Gichuru expressway project is worth Sh51 billion. Also signed was the operation and maintenance service agreement for the Nairobi-Naivasha segment of the standard gauge railway.

The construction of the expressway is expected to ease traffic flow on the busy Mombasa highway as part of government interventions to decongest key roads in Nairobi. It will be the first of its kind in Africa, with features such as underpasses, overpasses, exits and the Bus Rapid Transit (BRT) component covering the entire stretch.

Source : The East African

voda 29 april 2019 15:32

World’s highest highway tunnel open to traffic in Tibet

Daily Excelsior reported that the world’s highest highway tunnel opened to traffic on Friday at an altitude of over 4,750 meters above sea level in southwest China’s Tibet Autonomous Region. The two way tunnel is over 5.7 km long, which is a part of the 400-km highway linking the regional capital of Lhasa with Nyingchi in the southeast of Tibet, reported Xinhua. Construction of the tunnel started in 2015 on the 5,018-meter-high Mila Mountain, and it was completed on Monday, helping shorten the 18-km distance over the mountain to 5.7 km.

Gong Bin, project manager of Mila Mountain Tunnel of the China Railway No 2 Bureau, said that more than 10 technological breakthroughs have been made in the course of the construction, such as improving the survey accuracy of mountain tunnels in extremely cold weather and at high altitudes.

He said in addition to coldness and lack of oxygen, over 2,000 construction workers faced the challenges of the inconvenience of transporting living and construction materials to the site.

Source : Daily Excelsior

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voda 29 april 2019 15:51

BYD reports an EV fire incident while battery pack remains intact

Gasgoo reported that recent car fire incidents are landing electric vehicles in hot water. After Tesla and NIO's vehicles caught fire in succession this week, BYD, a major NEV maker in China, reported another burning accident on April 24. BYD announced via its official Sina Weibo account that a BYD e5 car caught fire on April 24 in Wuhan, capital of Hubei Province. The automaker said that “After receiving the news, BYD dispatched staff members to the scene immediately. Through an initial investigation, we found out that the fire source is located at the trunk, while the battery pack at the bottom still remained intact. We will further investigate the incident in cooperation with relevant departments until get final results.”

The company also exposed the photos of the damaged car. In the comments, some citizens gave thumbs up to the unharmed battery pack after suffering a fire lasting half an hour. Other people said that “The safety accident likelihood of fuel-burning vehicles is no less than that of EVs at all, while it is undeniable that the security incident has become a stronger factor than NEV subsidy phase-out in curbing NEV sales growth.”

Source : Gasgoo

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voda 29 april 2019 15:52

Geely‘s Yuan Cheng Auto launches M100 methanol heavy truck

Geely New Energy Commercial Vehicle Group subsidiary brand Yuan Cheng Auto announced the launch and sale of the world’s first M100 methanol fuel heavy truck produced at GCV’s Nanchong Plant. The new commercial vehicle is offered in three variants, standard, mountain, and regional logistics version.

The development of methanol vehicles is an important measure in energy diversification and more efficiently utilize natural resources. Yuan Cheng methanol heavy trucks are equipped with M100 methanol engines which are more environment friendly than diesel whilst the sources of methanol are more diverse with it being derived cleanly from coal, natural gas, or even by recycling carbon dioxide. With the support of Geely Holding Group’s global R&D network and mature technologies, Yuan Cheng’s first methanol heavy truck is set to become a benchmark within its segment

Geely has been developing methanol fuel powertrains for 15 years and have full intellectual property rights on M100 methanol fuel power technologies. Yuan Cheng methanol heavy trucks is powered by a Weichai-based heavy duty engine with Geely methanol power technologies. The engine has a B10 lifetime rating of over 1 million kilometers and uses the same components as those from mainstream heavy truck manufacturers.

In terms of power performance, Yuan Cheng methanol heavy trucks uses a 12.54L large displacement engine with a maximum power of 460PS and can climb a maximum incline of 30°, comparable to current diesel models. In addition, it utilizes advanced technologies such as turbocharged intercoolers, closed-loop air-fuel ratio control, EGR cooling system, three-way catalytic converters, etc resulting in high performance, low fuel consumption, high reliability, and low emissions.

With standard operation, users of Yuan Cheng methanol heavy trucks will see significant savings of roughly 18% compared to diesel. Based on an annual operating distance of 150,000 km and the price of methanol at 2,500 RMB per ton, each year users will save more than 45,000 RMB.

Source : Strategic Research Institute

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voda 29 april 2019 16:31

Gazprom and CNPC discuss pipeline gas supplies to China

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing, China on April 25, 2019. The meeting participants reviewed the development prospects of the Chinese gas market and the strategic aspects of cooperation between Gazprom and CNPC, paying particular attention to gas supplies. It was noted that the preparation of facilities for Russian gas exports to China via the Power of Siberia gas pipeline from December 1, 2019, is going according to schedule. It is planned to start injecting natural gas into the pipeline in the third quarter of this year.

The parties discussed issues related to the planned deliveries of Russian gas to China from the Far East and via the western route.

In addition, the meeting touched upon the collaboration between the companies in the areas of gas-fired power generation, use of natural gas as a vehicle fuel, underground gas storage, and science and culture.

Source : Strategic Research Institute

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voda 30 april 2019 14:30

Chinese industrie groeit trager in april

(ABM FN-Dow Jones) Een officieel groeicijfer voor de maakindustrie in China vertraagde in april na een sterk herstel in maart, maar liet nog altijd groei zien en een minder sterk dalende vraag uit het buitenland.

De inkoopmanagersindex voor de fabrieksindustrie daalde van 50,5 in maart naar 50,1 in april, volgens het statistiekbureau van China. Het cijfer was lager dan de doorsnee voorspelling van 50,4 van economen die waren geraadpleegd door de Wall Street Journal.

Het cijfer bleef wel net boven de grens van 50 punten, de scheidslijn tussen groei en krimp.

Het laat zien dat de economische stabilisering nog geen stevige basis heeft gevonden, zei Zhang Liqun, een analist bij de Chinese Logistiek- en Inkoopfederatie, die de data voor het nationale statistiekbureau verzamelt.

Een deelindex voor productie daalde van 52,7 in maart naar 52,1 afgelopen maand. De deelindex voor nieuwe orders daalde iets, van 51,6 van 51,4. De deelindex voor nieuwe export, een indicator voor de buitenlandse vraag naar Chinese goederen, steeg van 47,1 naar 49,2.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 30 april 2019 14:31

Heineken rondt deal in China af

(ABM FN-Dow Jones) Heineken heeft een vorig jaar aangekondigde deal met China Resources formeel afgerond. Dit maakte de brouwer vannacht bekend.

Vorig jaar tekende Heineken een definitief akkoord voor een samenwerking met China Resources. Heineken wordt voor 40 procent een minderheidspartner in China Resources Beer. Brouwer China Resources Beer is marktleider in China, de grootste biermarkt ter wereld. Heineken betaalt 24,3 miljard Hongkongse dollar voor het belang, omgerekend circa 3,1 miljard Amerikaanse dollar.

De huidige activiteiten van Heineken in China zullen worden samengevoegd met China Resources Beer. Ook zal Heineken haar merk aan China Resources Beer in licentie geven.

Het aandeel Heineken sloot maandag 0,5 procent hoger op 95,74 euro.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 30 april 2019 16:03

A trade agreement between China and US could boost dry bulk market - Allied Shipbroking

Mr Nikos Roussanoglou of Hellenic Shipping News Worldwide, urged things could start to improve in the dry bulk market in the months to come, should a trade agreement between the US and China materialize over the next few weeks. Shipbroker Allied Shipbroking said that “the dry bulk market continues to face a significant amount of hammering, despite the slight positive track that has been laid down during the past few weeks. It has become ever more apparent that beyond the issues being faced in the iron ore trade as part of the disruptions brought about by Vale’s second deadly dam burst in less than four years are but only a small part of the problems at hand”.

According to Mr George Lazaridis, Head of Research & Valuations, “amongst the three main dry bulk commodities, namely iron ore, coal and grains, no one of these seems to be without its issues. Coal, as put forth in our previous analysis is still facing considerable hurdles due to the environmental concerns it raises. Adding to this the “lighter” winter conditions noted in the key markets of China, Japan and South Korea and its underlying market drivers seem to have taken a notable tumble compared to what we were seeing back in early 2018. Most would argue against this, pointing to the more positive signs seen for this commodity’s longer-term outlook, referencing amongst other points to the additional 1bn tonnes global coal-fired power capacity (mainly in Asia) that is reported to be either under construction or going through the approval stage right now. Yet this is of little consolation to owners in today’s market, as the current imbalance will take some time to properly correct, through a considerable boost in demand.”

Mr Lazaridis said that “yet as it seems it has been the third in line amongst the most important commodity trades in the dry bulk market that has caused most of the issues being noted in the medium and smaller sized segments. The problems that have been faced over the past 12 months seem to have mainly passed under the radar. We have all reported over this time frame the escalating tensions that have emerged between the US and China and have more than once named the retaliatory tariffs that have been placed by each during each step of the way, but as it seems there were many in the market at the time that had greatly underestimated the overall effect this would have on the trade and underlining freight rates for most of the vessels involved. A prominent example of this has been that of the soybeans trade between these two economic powerhouses, which went from an annual average of more than 30 million tonnes per year, down to 8.3 million during 2018.”

He said that “Things may well be looking brighter now, with February noting 4.6 million tonnes of soybean imports from the US to China, marking it the first month that we would note a YoY increase in the level of imports into China since the trade dispute began last year. Adding to this, the fact that the two seem to be fairly close to reaching some sort of agreement and China committing to buy at least 20 million tonnes of US soybeans annually and you may well have some of the groundwork set for a sharp recover to be noted over the next two months”.

Source : Nikos Roussanoglou, Hellenic Shipping News Worldwide

voda 30 april 2019 16:16

Ming Yang secures 1.4GW turbine order

4C Offshore reported that Ming Yang Smart Energy has secured a contract from China General Nuclear Power Group to supply offshore wind turbines for three projects, totalling 1.4GW. This includes the liazi I (500MW), liazi II (400MW), and Houhu (500MW) offshore wind farms which are being developed off the coast of Shanwei City, Guangdong province in China.

The scope includes the supply of turbines of at least 5MW to each site with construction due to start in early 2020. The three projects received the necessary authorisations in late 2018, and are consequently due to be affected by the latest guidance from National Energy Board, which states that no projects authorised in 2018 are they gained the FIT through bidding competition.

The 'Requirements for Wind Power and Photovoltaic Power Generation Construction Management in 2019' guidance document is currently under consultation, but if incorporated into law the new rules would encourage competition within the market with a potentially subsidy-free scenario on the horizon.

Source : 4C Offshore

voda 30 april 2019 16:24

Chinese aluminium scrap imports in March shrink by 40% YoY

SMM reported that data from China Customs showed that China's imports of aluminium scrap increased 54% from February, but shrank 40.5% from March 2018, to stand at 126,000 tonnes in March 2019. Imports in the first three months came in at 332,000 tonnes, down 31.7% from the same period a year ago.

Source : SMM

voda 30 april 2019 16:31

Railway: 10 Coaches Arrive From China In June – FG

The Independent reported that Nigeria’s Federal Government is expected to take delivery of the first batch of 10 coaches, out of the 64 coaches expected from China in June 2019 to augment the available coaches at the Nigerian Railway Corporation and for deployment to the Standard Gauge Rail Lines in the country, particularly, Abuja-Kaduna Rail Line to reduce the congestion created by the activities of bandits and kidnappers on the Abuja-Kaduna Highway. This was disclosed by the Minister of Transportation, Right Honourable Chibuike Rotimi Amaechi, on Saturday, April 27, 2019, when he led a delegation to China to inspect the pace of work on the construction of those Coaches at the Chinese Railway Rolling Stock Corporation (CRRC) Tangshan Co Ltd China.

The Federal Government entered into a contract agreement with the company in December 2017 to produce 64 coaches to serve the immediate needs of the Standard Gauge Rail Lines in the Country and 10 out of the agreed N0s are ready for delivery.

The Minister requested that the available 10 coaches be delivered to Nigeria latest June 2019 for deployment to the various Standard Gauge Rail Lines in the country.

Source : The Independent

voda 30 april 2019 16:31

CNOOC China signs a petroleum contract with PetroChina

CNOOC Limited announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited (“PetroChina”) for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block are located in the Fushan sag and Leidong sag of Beibu Gulf Basin in South China Sea respectively. Beibu Gulf 23/29 Block covers a total area of 980 square kilometers with a water depth of 0-85 meters. Beibu Gulf 24/11 Block covers a total area of 464 square kilometers with a water depth of 20-40 meters.

According to terms of the Petroleum Contract, PetroChina shall act as the operator during the exploration period in the Contract Area and bear 70% of direct exploration expenditures; CNOOC China Limited bears the other 30% of direct exploration expenditures. The other exploration expenditures shall be borne by each party separately and shall not be credited to the relevant joint account. Once entering into the development and production phase, the two parties, each with 50% participating interests of the Contract Area, shall set up a joint operation organization to act as joint operators.

Source : Strategic Research Institute

voda 1 mei 2019 16:22

Productieve handelsgesprekken VS en China

(ABM FN-Dow Jones) De Verenigde Staten en China hebben in Beijing "productieve" gesprekken gevoerd over een handelsakkoord. Dit meldde het Witte Huis woensdag.

De Amerikaanse handelsgezant Robert Lighthizer en minister van financiën Steven Mnuchin waren de afgelopen dagen in Beijing voor een nieuwe ronde handelsbesprekingen. Zij spraken met de Chinese afgevaardigde Liu He.

Die komt volgende week woensdag 8 mei naar Washington om de onderhandelingen voort te zetten.

Beijing en Washington hopen deze maand een akkoord te sluiten. De stafchef van het Witte Huis Mick Mulvaney zei dinsdag dat binnen twee weken duidelijk moet worden of het ook daadwerkelijk tot een deal komt.

Volgens Mulvaney komt het alleen tot een handelsakkoord met China wanneer het om een "geweldige" deal gaat.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 1 mei 2019 16:36

China keen on GFG Alliance steel expansion

SBS reported that Chinese recognition of the significance of Whyalla’s new steel plant is important for the strengthening of relations with the global superpower, British industrialist Sanjeev Gupta said that GFG Alliance is developing a new steel mill in the SA regional town with a view to double production. Last week the Chinese government named the development one of 16 projects of national significance to China. Mr Gupta said in a statement that “This recognition demonstrates the significance of this once-in-a-lifetime project not only for the future of manufacturing and industry in Australia, and the long-term outlook for Whyalla, but also for strengthening relations with China. The steel plant is destined to be the largest and most efficient built outside of China in the last few decades. It will have the ability and infrastructure to double capacity in time. It will also be accompanied by a major expansion in our mining business to feed this plant on a long-term competitive and sustainable basis.”

While in Beijing last week, Mr Gupta also signed a memorandum of understanding with the China International Capital Corporation to develop funding options for his group’s expansion plans.

He said the Whyalla development would not only transform the city but also ignite a new industrial revolution in Australia. He said that “Making steel at world-scale modern, efficient plants in Australia rather than just exporting raw materials around the world is a compelling industrial strategy.”

Source : SBS AU

voda 1 mei 2019 17:05

China added 5.2 GW of solar capacity in Q1

Reuters reported that China added 5.2 gigawatt of new solar power capacity in the first quarter, the National Energy Administration said in a briefing on said that it includes 2.4 GW from solar farms and 2.8 GW of new distributed solar projects. The country also added 4.78 GW of wind power between January and March.

Total installed wind power capacity reached 189 GW by the end of March.

Source : Reuters

voda 1 mei 2019 17:39

Jiangxi Copper Q1 profits down by 3.1% YoY

Reuters reported that Jiangxi Copper Co one of China’s biggest copper producers, said that its profits fell by 3.1% YoY in the first quarter as lower prices for the metal dented earnings. The Nanchang-based company’s net income was CNY 742.35 million (USD 110.25 million) in the January to March period. That was down from CNY 765.96 million in the first quarter of 2018, but up from CNY 402 million in the fourth quarter. First-quarter revenue fell 3.5% from a year earlier to CNY 48.86 billion.

Jiangxi Copper Chairman Mr Long Ziping told Reuters that he was not worried about tight copper concentrate supply, however, as mine production was already increasing. He said he remained optimistic on copper prices, currently at around USD 6,400 a tonne, which he thinks will oscillate upwards in the second quarter.

Mr Long also said last week that Jiangxi Copper planned to build a plant in the eastern Malaysian state of Sabah that would process scrap copper into refined copper.

Source : Reuters

voda 1 mei 2019 17:39

China nickel market to flip into supply surplus in 2019

SMM reported that China’s primary nickel market, including refined nickel, nickel pig iron ferronickel and nickel salts, is expected to flip into a supply surplus in 2019 as greater NPI capacity in China and Indonesia drives supply to grow faster than demand. Mr Gao Yin, analyst from SMM said that primary nickel supply in China is estimated to exceed demand by 23,800 tonne in Ni content this year, compared with a deficit of 26,700 tonne in Ni content in 2018, Mr Gao delegates at the SMM Nickel-Cobalt-Lithium-Manganese Summit on April 29 in Yibin, Sichuan province.

NPI production in Indonesia will maintain high-speed expansion, bolstered by new capacity of Tsingshan, Delong and Jinchuan. The Southeast Asian country is expected to see its NPI capacity to expand to 590,000 tonne in Ni content/year from 350,000 mt in Ni content/year, with production for the year growing by 105,000 mt in Ni content to 350,000 tonne in Ni content.

Greater NPI output from Indonesia will grow flows into China, which is likely to see an increase of 75,000 tonne in Ni content in Indonesian supplies in 2019. A total of 150,000 tonne in Ni content of Indonesian NPI is expected to enter the Chinese market this year.

China's NPI capacity will grow and about 100,000 tonne in Ni content/year of capacity is likely to be phased out. Output of NPI is expected to gain 89,000 mt in Ni content to 540,000 to 550,000 tonne in Ni content this year. This will grow overall NPI supply by over 160,000 mt in Ni content in 2019, and widen the discount of NPI against refined nickel.

China’s production of 300-series stainless steel, however, is likely to grow at 3% in 2019, versus an increase of 6% in 2018. While output in the first quarter registered a peak in years and rose 9% from a year ago, the growth for the whole year will be smaller as thin profits prompt producers to scale back production in May-June.

Source : SMM

voda 1 mei 2019 17:49

China’s friendly neighbours seize coal share from Australia

Bloomberg reported that China’s move to stifle coal imports from Australia is hurting its No 2 supplier, with shipment figures showing the exporter conceding share in the world’s largest market. Cargoes from Australia accounted for 18% of China’s overseas purchases in March, near the lowest since 2012. Meanwhile, Russia and Mongolia steadily built their share in the past few months as customs delay hobbled their rival. Top shipper Indonesia maintained its stake at about 50%.

Mr Zeng Hao, an analyst at Fenwei Energy Information Services Co, said that “Importers tend to favor supplies from countries that have a friendly relationship with China such as Russia and Mongolia, and avoid purchases from nations that have trade frictions. There isn’t anything particular about Australian coal that Mongolian and Russian supplies can’t replace.”

Source : Bloomberg

voda 1 mei 2019 17:58

China’s shipbuilding capacity utilization retreats in Q1 - CANSI

China Association of the National Shipbuilding Industry data showed that China’s shipbuilding capacity utilization retreated in the first quarter of 2019 due to a sluggish global market. In the first three months, CCI, a monitoring index which indicates China’s shipbuilding capacity utilization efficiency, came in at 590 points, down 5.8 percent from the same period last year. The index also fell from the 607-point reading in the fourth quarter of 2018.

The CANSI attributed the drop to downcast sentiment in the global shipping market, with a notable fall in business orders. On the outlook for the Q2, the association expects a slight pick-up in new orders, but shipbuilders will continue to face pressures from sagging demand and rising costs.

Source : Xinhua

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