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  • November 28, 2014
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  1. Angang dismisses concerns over costs

    Posted Aug 21st 2003, 12:00am by Eric Ng

    ... Steelmaker says it is aided by in-house supply of materials Angang New Steel - the listed flagship of the mainland's second-largest steelmaker, Anshan Iron and Steel Group - says it is not worried fast-growing industry capacity will lead to sharp rises in materials costs. Although Angang faced rising raw materials costs like its competitors, a high reliance on in-house raw materials ...

  2. Slowing growth, rising efficiency hit coal demand

    Posted Nov 25th 2005, 12:00am by Eric Ng

    ... to prop up domestic coal prices which are expected by the brokerage house to outperform prices in the surplus-supplied East Asian export market next year. Spot market coal prices in Newcastle, ... will take up 29.3 per cent. On the supply side, CLSA expected production to grow 8.8 per cent this year, 8.6 per cent next year and 7.7 per cent in 2007- growth rates below projected rises ...

  3. GCL-Poly bets US$1b on solar power demand

    Posted Aug 07th 2009, 12:00am by Eric Ng

    ... was about 50 US cents, and the company's cost was expected to be lower than that, he added. 'The reason for us to make wafers in-house is to ensure quality... Some wafer producers ... in-house. However, DBS Vickers Securities analyst Dennis Lam said industry overcapacity and the big gap between polysilicon market price and production cost left room for prices to fall further. ...

  4. Chalco forced into another price cut

    Posted Sep 01st 2006, 12:00am by Carol Chan, Eric Ng

    ... to US$275 a tonne since March, according to data from Metal Bulletin. This has been caused by a surge in supply after aggressive capacity expansion in China. Wang Feihong, senior metals analyst at Beijing Antaike Information Development, a government non-ferrous metals industry research house, expects Chalco to further cut its price. 'I think prices will come down further in the next ...

  5. Arrests to ratchet up tension in ore talks

    Posted Jul 10th 2009, 12:00am by Carol Chan, Eric Ng

    ... 'While this is a surprise to many people, I think it will be good for the mainland as it is a move to put its own house in order,' UOB Kay Hian analyst Foo Choy Peng said. 'The mainland ... producers to sign supply agreements by bribing them. Often the agreements have no stipulated prices, or if they do, are for shorter terms than normal. They were also alleged to have provided ...

  6. Outlook uncertain for coal, power industries

    Posted Feb 26th 2009, 12:00am by Eric Ng

    ... by government pump-priming measures. It said power-station coal supply would be ample this year, but transport bottlenecks could see tight supply in the peak season. Coal prices could see further ... our house forecasts of 3 per cent and 6 per cent, respectively, for 2009,' he said. ...

  7. Beijing issues plan to boost consumption

    Posted Dec 15th 2008, 12:00am by Eric Ng

    ... Eric Ng 30-point financial blueprint aims for 17pc growth in money supply The central government has unveiled a 30-point plan to encourage lending and stimulate domestic consumption to counter the rapidly worsening economic conditions at home and abroad. Key measures include increasing money supply by 17 per cent next year and boosting total lending by financial institutions ...



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