Edition:
India

Shivani Singh

Trade deal will not affect China's other agriculture suppliers - vice premier

16 Jan 2020

BEIJING China's other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice Premier Liu He said, according to a report from state-owned CCTV on Thursday.

Trade deal will not affect China's other agriculture suppliers - vice premier

16 Jan 2020

BEIJING China's other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice Premier Liu He said, according to a report from state-owned CCTV on Thursday.

China's December soybean imports surge on year as cargoes clear customs

14 Jan 2020

BEIJING China's soybean imports in December surged 67% from a year earlier to a 19-month-high, customs data showed on Tuesday, as a flurry of U.S. and Brazilian cargoes booked earlier cleared customs.

Exclusive: China suspends national rollout of ethanol mandate - sources

09 Jan 2020

BEIJING China has suspended its plan to implement a nationwide gasoline blend containing 10% ethanol this year, three sources briefed on the matter said, following a sharp decline in the country's corn stocks and limited production capacity of the biofuel.

EXCLUSIVE-China suspends national rollout of ethanol mandate - sources

08 Jan 2020

* Rollout stopped amid sharp drop in corn stocks, limited production capacity

China approves two new GM crops from U.S. for import, renews 10 others

31 Dec 2019

BEIJING China approved two new genetically modified (GM) crops for import on Monday that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said.

China plans to issue biosafety certificates to domestic GM soybean, corn

30 Dec 2019

BEIJING China's agriculture ministry said on Monday it plans to issue biosafety certificates to a domestically grown, genetically modified (GM) soybean crop and two corn crops, in a move toward commercializing GM grain production in the world's top market.

UPDATE 1-China's 2020 gas consumption to reach 320 bcm -CNPC research

12 Dec 2019

BEIJING, Dec 12 China's gas consumption in 2020 is expected to rise to around 320 billion cubic metres (bcm), while the pace of gas import growth is set to slow sharply this year, state energy group China National Petroleum Corp's (CNPC) research arm said on Thursday.

UPDATE 3-China's 2020 crude steel output expected to drop - govt research body

12 Dec 2019

* 2019 crude steel output seen hitting record high * Steel demand to rise 7.3% in 2019, to drop 0.6% in 2020 * Iron ore demand seen falling 3.1% in 2020, rising 3.8% in 2019 (Adds quotes, breakdown on steel demand) By Min Zhang and Shivani Singh BEIJING, Dec 12 China's crude steel output in 2020 is expected to ease from a record high this year to 981 million tonnes, a government consultancy said on Thursday. The 2019 output for the world's top steel producer is seen at 988 million tonnes, according to Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute. In the first 10 months of the year, China has churned out 829.22 million tonnes of crude steel, up 7.4% from a year earlier. Meanwhile, demand is seen rising 7.3% to 886 million tonnes in 2019, but was expected to drop from that level by 0.6% in 2020, a report released by the research body showed. "Steel consumption in 2019 is better than expected mainly due to rapidly growing infrastructure investment and real estate development, while industrial production is also generally stable," Li said. Demand for steel in the construction industry is expected to rise 11.2% this year to 478 million tonnes, but is seen slipping 0.6% in 2020. Following is a breakdown of steel demand outlook for 2019 and 2020 by industry: Sector 2019 % 2020 % change change y/y y/y Construction 478 11.2 475 -0.6 Machinery 142 1.4 142 0 Automobile 50 -7.4 48.2 -3.6 Energy 34 3.0 34.5 1.5 Shipbuilding 11.3 3.7 10 -11.5 Home Appliances 13.5 8.0 14 3.7 Railway 5.4 5.9 5.5 1.9 Container 4.9 -29.0 5.0 2.0 * Measured in million tonnes Li called for further "large-scale consolidation" in the world's largest steel market, while pointing to China Baowu Group taking a stake in Maanshan Iron & Steel. Baowu Group and Shougang Group recently swapped shares in their listed arms. Meanwhile, a rapid growth in output this year has stoked worries about China's years of efforts to cut over-capacity, leading to a joint probe on production capacity at its steel mills by the National Development and Reform Commission and other government entities in November. Some steel mills are producing more than their total capacity, which remained an issue, Li said. "It is not scientific, not sustainable, and not in line with environmental requirements." The research body expects iron ore demand in China to reach 1.225 billion tonnes in 2020 and 1.264 billion tonnes in 2019. China brought in 1.06 billion tonnes of iron ore last year. China's pig iron output is expected to contract to 775 million tonnes in 2020 from 800 million forecasted for 2019. (Reporting by Min Zhang and Shivani Singh in Beijing; Editing by Muralikumar Anantharaman and Arun Koyyur)

Noble unit signs MoU to supply rare earth products to Chinalco Guangxi

09 Dec 2019

BEIJING Commodities trading firm Noble Group Holdings Ltd said on Monday its subsidiary Talaxis has signed a memorandum of understanding (MoU) to potentially supply rare earths products to Chinalco Guangxi Nonferrous Rare Earth Development Co Ltd.

World News

Trump offers China help as virus spreads, markets reel

U.S. President Donald Trump offered China whatever help it needed on Monday to control a coronavirus outbreak that has killed 81 people, stranded tens of millions during the biggest holiday of the year and rattled global markets.