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Sinopec, Inner Mongolia signs deep cooperation framework agreement

Beijing (JLC), July 25, 2019--China Petroleum & Chemical Corporation (Sinopec) and Inner Mongolia Autonomous Region’s government entered into a deep cooperation framework agreement on July 23

07-25-2019 16:54:46

China to launch month-long production safety inspection

Beijing (JLC), March 29, 2019--China's emergency management authorities will carry out a month-long special inspection in the fields of hazardous chemicals, mines and fire safety.

03-29-2019 15:34:11

Petrochemical projects construction is forbidden in Shaanxi during 2018-2020

Recently, Shaanxi Province has issued a three-year action plan (2018-2020), which claims Guanzhong core area is forbidden to the expansion and reconstruction of petrochemical, coal chemical, cement and coking projects.

05-28-2018 17:02:19

Coal price declined to a rational level on the intensifying market supervision

The robust coal market gradually dropped to a rational level in these days affected by the policy regulation. Market sources said coal market price went up during the consumption peak season in the previous years. However, the intensifying supervision policies will curb coal price vibration.

11-16-2017 17:59:17

Steam coal market picked up in off-peak season amid the tight supply and demand

Steam coal price rose these days. The latest BSPI (Bohai-rim Steam Coal Price Index) was quoted at CNY580/mt, up CNY1/mt, seeing the first rebound after three-consecutive-week decline. Traders stood firmly by their offers, due to some coal resource shortage at China northern ports.

09-19-2017 08:36:51

Coal market remained sluggish with the temperature cooling down

In July, traders restocked positively driven up by bullish expectations. In August, traders had great intentions to sell with the end of peak season. In addition, downstream users were reluctant to purchase, leading to coal price decline. As of August 3oth,

08-30-2017 17:44:11

Hansteel Company signs cooperation contract with Hebei Port Group

HBIS Group Hansteel Company officially signed strategic cooperation framework agreement with Hebei Port Group to build long-term strategic partnership and reach a consensus of deepen cooperation on port logistics, transport, iron ore and steel business

06-14-2017 18:01:40

Dandong Port Group signs cooperation framework agreement with Shenhua Sales Group

On May 22nd, the signing ceremony of the strategic cooperation framework agreement signed by Dandong Port Group and Shenhua Sales Group Northeast Energy Trade Co., Ltd. was held in the port areas of Dandong.

05-24-2017 09:30:08

Port coal transport around Bohai speeds up

In May, railway transport recovered, and coal transport via Daqin railway and Shuozhou-Huanghua speeded up. Up to May 15th, coal inventory at Qinhuangdao Port and SDIC Caofeidian Port gained 690,000 mt and 150,000 mt respectively

05-17-2017 17:03:43

Steam coal price edges down and coking coal market is worse than expected

With the upcoming slack season of coal consumption, coal prices went down despite the intensive safety check in partial coal producing areas, and steam coal prices began to nudge down.

04-18-2017 15:28:05

Qinhuangdao Port inbound haulage surpasses 8,000 trucks per day

Railway department increased resource allocation at Qinhuangdao Port amid all sides’ efforts and favorable factors. Inbound railway haulage at Qinhuangdao Port saw marked rise and surpassed 8,000 truck/d for five straight days since March 18th, driving up the continual rally of inventory.

03-22-2017 14:22:03

Sinopec starts operation of 20 mln mt/yr crude oil pipeline in China

Sinopec starts operation of 20 Mt/year crude oil pipeline in China

03-22-2017 10:18:44

Coal prices have closed to the peak before the Spring Festival

Coal demand increased unexpectedly these days and coal market prices saw a periodic rise owing to the insufficient supply in coal plants. The current coal prices have closed to the peak level before the Spring Festival holiday and many unfavorable factors emerged.

03-20-2017 18:14:36

Coal enterprises achieved outstanding performance under supply-side reform in 2016

Up to February 7th, 2017, 32 coal enterprises of the 37 listed ones had released 2016 performance reports, of which 15 coal enterprises made profits instead of suffering losses

02-13-2017 17:33:16

China coal market returns to term contract period, with contract violation cost rising

At the contract signing ceremony on December 1st, large coal companies signed 102.2 million mt of steam coal supply contract and 54.5 million mt of coking coal supply contract, marking the coal industry reenters into a term contract era.

12-06-2016 17:32:12

Inner Mongolia Ordos starts safety inspection on coal mines

The local government of coal-rich Ordos in the northern autonomous region of Inner Mongolia announced a city-wide safety inspection on all of its coal mines, after a roof caving accident killed three miners at Wantugou mine on November 25.

11-30-2016 15:32:11

China Oct coal imports post sharpest YoY growth this year

China imported 21.58 million mt of coal in October this year, posting the sharpest rise of 54.58% year on year in 2016, showed data from the General Administration of Customs (GAC) on November 8th.

11-09-2016 17:35:25

Advanced coal capacity to account for over 40% in the 13th five year plan period

During the 13th five year plan period,14 coal production bases each with hundred million mt/yr of capacity will hold about 95% of China’s total coal capacity, the number of coal mines will be capped at about 6,000 and advanced capacity will take up about 40% of the total.

10-19-2016 10:10:03

China's coal capital is spending millions to go green

Sitting in the middle of almost 270 billion tons of coal reserves, the city of Taiyuan in northern China is an unlikely place to look for a leader in the battle for a greener future.

10-18-2016 14:52:53

Shanxi allocates CNY947.78 mln special fund to support six large coal firms' capacity cuts

The Shanxi Provincial Department of Finance allocated CNY947.78 million 2016 industrial enterprise restructuring special fund to six coal majors including Datong Coal Mine Group and Shanxi Coking Coal Group to support their overcapacity cut campaign the other day.

10-13-2016 14:08:21

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