BLACK CHINA BLOG


China released its 2016 total energy consumption report last week, with growth of 1.4% to 4.36 billion tons of standard coal in 2016. Compared to 2015’s 4.3 billion tons of standard coal in 2015, it was a not a big rise. On February 17th, the National Energy Board issued its 2017 Energy Work Guidance, it […]

By: Kathy Liu | Read More

I will be on the Reuters Base Metals Forum in about 2 hours time. Want to know more about the news this week of a 30% cut to aluminum capacity in target areas around China?  Will the cuts really happen?  What will it mean to the China and international markets? Why are the authorities waiting […]

By: Paul Adkins | Read More

Further to our post of about an hour ago, I just wanted to highlight one specific dot point in the new regulations about carbon companies. According to the new regulation, carbon companies who do NOT meet the standards will be ordered to close.  Fair enough, but here’s the rub – carbon companies who DO meet […]

By: Paul Adkins | Read More

Just 4 months after an anonymous website accused China Hongqiao of fraudulent numbers in their financial reporting, a company called Emerson Analytics has taken a sword to Hongqiao’s books. The Emerson report was published yesterday, and labels Hongqiao as a “strong sell”.  According to Emerson, the true value of Hongqiao’s shares is some 60% lower […]

By: Paul Adkins | Read More

Aluminum prices rose then fell last week, and the overall focus will move down. The dominant contract of SHFE reached RMB14,375 on Tuesday; then the speculative fund started to be sold, causing panic selling. It reached 13,505 on Friday, the lowest in this week. The LME aluminum price is more stable than the Chinese aluminum […]

By: Monte Zhang | Read More

China Customs published the January aluminum imports and exports figure. The primary exports dropped 96.43% YoY. Both Semi and scrap exports increased in January. Semi export was up by 5.3% YoY with 350Kt and scrap surged 228.22% YoY in January. The primary import dropped compared to the last December, but it still remained high with […]

By: Kathy Liu | Read More
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