Page 5 - Yeping News Today

Prices of silicon materials are falling from historic highs amid a government clampdown on high bulk commodity prices, as a reasonable price level will accelerate the downstream expansion of solar power stations, helping China reach its carbon reduction targets.

A ship loaded with 20,000 tons of fertilizer from Shandong-based producer Seawin Biotech meant for export to Sri Lanka is on its way back after failing to reach any constructive agreement with Sri Lanka, despite relentless efforts to solve the dispute, sources close to the matter told the Global Times on Tuesday.

Chinese experts said that while there have been no direct economic countermeasures yet against Lithuania, future countermeasures cannot be ruled out if Lithuania continues on the wrong path. Chinese officials have also said that Lithuania would pay a price for its mistake of challenging Chinas sovereignty.

While the pandemic continues to disrupt supply chains creating unprecedented challenges for international trade, economic cooperation between China and Chile, two countries that are geographically far apart, is expected to hit a record high by surpassing a $55 billion threshold, according to a recent forecast by the Chilean Ambassador in Beijing, Luis Schmidt.

Coal traders have been dumping their inventories to avoid losses as prices sink amid a government crackdown on coal hoarding and speculation, part of the effort to secure power supplies after prices continued breaking decade-old records.

New coronavirus cases in North Chinas Inner Mongolia Autonomous Region are likely to affect Chinas coal imports from its increasingly significant coal supplier Mongolia due to disruptions at some major ports, according to sources on Wednesday, further raising concerns over coal supply in China as officials moved to address shortages and price hikes.

As the seven-day National Day holidays end, booming nucleic acid testing across China has followed, with multiple regions in the country suggesting that holiday goers receive testing before returning to work or school.

SOURCE / ECONOMY Shipping delays, higher costs loom amid Christmas export season By Yin Yeping Published: Jun 06, 2021 07:58 PM A wharf in Yantian port zone of Shenzhen port in south Chinas Guangdong Province. File Photo: Xinhua Traders and logistics firms are coping with longer waiting times and greater challenges to ship goods after some ports in South Chinas Guangdong Province, the top trading and manufacturing region for the country, encounter backlogs ahead of a busy Christmas export se...

China sends global commodity prices down; Australian iron ore exports hit hard Wang Cong and Yin Yeping Published: May 24, 2021 11:17 PM Aerial photo shows the container dock of Shanghais Yangshan Port, east China.(Photo: Xinhua)  Industrial commodity prices extended sharp losses on Monday both in China and abroad, after officials in China, the worlds factory floor and largest consumer of raw materials, intensified a top-down campaign to rein in runaway prices that have already exerted pressu...

SOURCE / ECONOMY Move aimed at curbing soaring iron ore prices: analysts By Yin Yeping Published: Apr 28, 2021 10:58 PM Iron ore. Photo:VCG China announced on Wednesday that it would scrap tariffs on certain steel products and raw materials starting on May 1, in a bid to curb iron ore consumption amid skyrocketing prices that have hurt domestic businesses, while benefiting foreign suppliers such as Australia. The Tariff Commission of the State Council also made a series of adjustments to tar...