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  • September 22, 2014
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  1. Business - Commodities - ENERGY

    Beijing cuts fuel prices as global glut weighs on crude values

    Posted Sep 17th 2014, 11:51am by Eric Ng

    ... “Amid plentiful oil supply and weakening global economic and oil demand growth, Brent crude price has plunged below US$100 a barrel this month for the first time in more than a year,” Nomura’s ... Eric Ng eric.mpng@scmp.com The central government has cut domestic fuel prices by less than 2 per cent from Wednesday, in the fourth consecutive reduction since late July, as global crude ...

    http://www.scmp.com/business/commodities/article/1594497/beijing-cuts-fuel-prices-global-glut-weighs-crude-values
  2. Business - Commodities - ENERGY

    Shunfeng’s profitable capacity fully occupied amid recovery

    Posted Sep 05th 2014, 11:34am by Eric Ng

    ... in the mainland, Japan, India and the United States, which in turn offset lower demand from Europe. The global industry has some 70 GWs of panel capacity, but only 40 GWs were actively utilised last year, ... in July, global shipments of panel makers could reach 50 GWs this year. Shunfeng had posted a net profit of 563.6 million yuan for the year’s first six months, compared to a loss of 672.5 million ...

    http://www.scmp.com/business/commodities/article/1585728/shunfengs-profitable-capacity-fully-occupied-amid-recovery
  3. Business - Commodities - ENERGY

    China leading world in renewable energy investments

    Posted Aug 29th 2014, 01:14am by Sophie Yu

    ... of unit investment costs for some technologies as well as a likely slowdown in global capacity growth. Expansion of renewables such as wind, solar and hydro projects will slow down unless policy ... account for almost 70 per cent of the world renewables growth, the IEA report shows. China alone accounts for about 56 per cent of that portion. Renewable energy made up 22 per cent of global ...

    http://www.scmp.com/business/commodities/article/1581600/china-leading-world-renewable-energy-investments
  4. Business - Commodities - ENERGY

    Solar project fails as Australian government reviews clean energy

    Posted Aug 20th 2014, 01:34am by BLOOM

    ... to intensify the power of the sun, would have been three times larger than any currently commissioned projects, data showed. Australia has assigned Dick Warburton, a former Reserve Bank of Australia board member who has expressed doubts about human contributions to global warming, to head a review of the country's clean-energy goals. The current target is to get 20 per cent ...

    http://www.scmp.com/business/commodities/article/1577225/solar-project-fails-australian-government-reviews-clean-energy
  5. Business - Companies - ENERGY

    GCL shares shine as solar panel demand drives profit turnaround

    Posted Aug 29th 2014, 01:08pm by Eric Ng

    ... by the United States against mainland Chinese and Taiwanese manufacturers have hurt their profits, it expects global solar panel demand to grow to between 40,000 and 45,000 megawatts this year from ...

    http://www.scmp.com/business/companies/article/1581671/gcl-shares-shine-solar-panel-demand-drives-profit-turnaround
  6. Business - Commodities - ENERGY

    Coal prices set to stay low on mainland China for next 12 months

    Posted Aug 18th 2014, 04:01am by Eric Ng

    ... power-station coal by 4 per cent to US$74 a tonne, next year's by 7 per cent to US$78 and that of 2016 by 11 per cent to US$82, saying "coal markets are awash with coal at a time of soft ... effect on July 1, forcing operators to spend more to remove pollutants or shut non-complying plants. "As governments globally seek to reduce their carbon dioxide emissions, it looks ...

    http://www.scmp.com/business/commodities/article/1575682/coal-prices-set-stay-low-mainland-china-next-12-months
  7. Business - Commodities - ENERGY

    Trader Arcadia unbowed by CFTC oil-rigging deal

    Posted Aug 06th 2014, 03:28pm by Reuters

    ... 100 spread across over half a dozen offices worldwide. The business was scaled back after a strategic review at the start of last year, at a time when global commodity trading profits from New ... by manipulation case Well before settling a long-running oil price manipulation case this week, global oil trader Arcadia had shrunk itself to a leaner operation with an almost singular focus: trading ...

    http://www.scmp.com/business/commodities/article/1567617/trader-arcadia-unbowed-cftc-oil-rigging-deal
  8. News - Hong Kong - ENERGY

    Smaller rise in power rates next year, says CLP

    Posted Aug 15th 2014, 04:06am by CHEUNG CHI-FAI

    ... the firm could generate locally at any one time, CLP said at its interim results announcement. The shortfall was met by imports of nuclear power. Yuen said the company drew more gas from a depleting Hainan reserve, which lessened its reliance on gas transported via the mainland's second West-to-East pipeline. Gas from the pipeline is said to be three times more expensive than ...

    http://www.scmp.com/news/hong-kong/article/1573748/smaller-rise-power-rates-next-year-says-clp
  9. Business - China Business - ENERGY

    Clean water access offers flood of business opportunities

    Posted Jul 28th 2014, 04:26am by Benjamin Robertson

    ... China thirsty for clean water Access to clean water to quench the thirst of a growing global population is threatening to be one of the defining struggles for future generations. Last year, ... showers and recycle rainwater, the thirstiest users by far are farms and industry. Chinese factories waste four to 10 times more water than Western counterparts, but Tan said this gap can ...

    http://www.scmp.com/business/china-business/article/1560683/clean-water-access-offers-flood-business-opportunities
  10. Business - Commodities - ENERGY

    Gas distributors fall on imminent price increase

    Posted Aug 13th 2014, 11:24am by Eric Ng

    ... time passing on the costs this time around. “The city gas sector corrected by 10 per cent following the [price] hike in July last year but recovered on the back of [an over 95 per cent] pass-through to end-users,” they said. “A similar success rate may not be warranted this time with weaker industrial demand.” They noted industrial natural gas demand grew only 9 per cent year on year ...

    http://www.scmp.com/business/commodities/article/1572706/gas-distributors-fall-imminent-price-increase

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