Market Flash

Saudi Arabia's General Investment Authority (Sagia) has reportedly signed an agreement to build a $200 million infrastructure in the country that will convert natural gas into high-protein livestock feed using a patented fermentation process.

• gas
• biotechnology

Since last Friday, demand has improved, inquiry customers have increased and port coal prices, which have fallen for nearly half a month, have finally ushered in an increase.

• coal
• price

Foreign media said that the trade war launched by President Trump aroused the unanimous condemnation of American business circles.

• tariff
• escalation

Media recently focused on the latest list of 500 private enterprises in mainland China by 2019. Statistics show that Zhejiang, Jiangsu, Shandong and Guangdong have a total of 296 enterprises, accounting for half of the list.

• private
• enterprise

The U.S. Energy Information Agency (EIA) reported Wednesday (August 21) that U.S. crude oil inventories fell more than expected last week, but refined oil and gasoline inventories both recorded growth.

• energy

Recently, Chongqing Chuanwei Chemical Company launched its first sales order for EVOH (ethylene-vinyl alcohol copolymer) synthetic resin products.

• resin

n August 15, 2019, the U.S. government announced that it would impose a 10% tariff on some $300 billion of goods imported from China, which would be implemented in two batches starting from September 1 and December 15, 2019.

• trade

Yanmei Australia's announcement on August 21 showed that the company's revenue in mid-2019 was about A$2.350 billion, which was basically the same as the same period last year.

• coal
• profit

Recently, Ningxia Baofeng Energy Group Co., Ltd. (hereinafter referred to as "Baofeng Energy") released its first periodic report since its listing.

• profit
• increase

In addition, the summer grain and oil harvest reaped a bumper harvest, with a total output of 14.74 million tons and an increase of 29.33 million tons.

• tax

The proportion of subsidized funds or areas allocated by counties to serve small farmers in the socialization of agricultural production is more than 60%.

• agriculture

Since last week, coal prices in northern ports have gradually stopped falling, stabilized and maintained a slight upward trend. According to the guidance price of FengMine's power coal, the price of 5500 Kcal coal in the port has risen by 8 yuan per ton.

• coal
• price

"Coal is scarce in the south of the Yangtze River and only enriches Guizhou". More than one third of Guizhou's coal is in Liupanshui. Liupanshui City in Guizhou Province has the reputation of "Southwest Coal Sea".

• coal
• production

On August 22, the "Top 500 Summit of China's Private Enterprises 2019" organized by the All-China Federation of Industry and Commerce and the Qinghai Provincial People's Government was held in Xining, Qinghai Province.

• enterprise
• summit

According to Mark Polos, who exposed Bernie Madoff's super Ponzi scheme, GE has become a zombie business.

• GE

In the first half of 2019, the operating income of Shanghai Petrochemical Company decreased by 0.37% to 519.9 billion yuan (unit: Renminbi).

• Aromatics

Shenhua, the world's largest coal listed company, handed over its first half report card. On the evening of August 23, Shenhua China issued a semi-annual report showing that the company's revenue in the first half of the year was 116.365 billion yuan.

• coal

In keeping with India’s solar targets and the vision of ‘Make in India’, the country should take up full value chain of solar manufacturing from polysilicon to modules.

• solar
• PV

European monoethylene glycol (MEG) margins and spot prices have been under pressure for the majority of 2019 and it is unclear if any respite is on the horizon.

• Europe
• MEG

Increased electrification, interconnectors and large data centres will be crucial to balance out an expansion of wind capacity expected in the coming years, according to Norwegian power grid operator Statnett.

• wind
• power