IMPORTS – CHINA

Cut in steel production a new blow for miners

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Original article by Scott Murdoch, Wang Yuanyuan
The Australian – Page: 15 : 12-Jan-16

The Chinese province of Hebei will reduce its iron and steel production by 10 million tonnes and eight million tonnes respectively in 2016. Hebei accounts for about 25 per cent of the nation’s iron and steel production, as well as the bulk of the iron ore exported from Australia to mainland China. The production cutbacks have been attributed to factors such as an oversupply and an attempt to address the issue of pollution in China.

CORPORATES
XINHUA NEWS AGENCY, TSINGHUA UNIVERSITY, CHINA METALLURGICAL INDUSTRY PLANNING AND RESEARCH INSTITUTE

Iron ore drops to four-month low

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Original article by Mark Mulligan
The Australian Financial Review – Page: 33 : 18-Nov-15

The price of iron ore for delivery to the port of Qingdao in China has fallen by 0.83 per cent to $US47.74 per tonne. This is the steel input’s lowest level since early July, when it reached a low of $US44.59 per tonne. Analysts expect a further downturn in China’s demand for iron ore as its economic growth slows and infrastructure development winds down.

CORPORATES
UBS AG, LONDON METAL EXCHANGE LIMITED

China claims Woodside withheld gas

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Original article by Angus Grigg, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 : 29-Jan-15

Woodside Petroleum’s Chinese customers have accused the Australian company and its partners of delaying LNG shipments. The Chinese side claims that the North West Shelf Gas consortium is holding back gas in an attempt to force the clients to renegotiate the terms of a deal signed in 2002 and raise the price. At an investor briefing in August 2014, Woodside CEO Peter Coleman said the contract was running at a "cash loss"

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, NORTH WEST SHELF AUSTRALIA LNG PTY LTD, JAPAN AUSTRALIA LNG (MIMI) PTY LTD, TRI-ZEN INTERNATIONAL PTE LTD, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, BP PLC, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION, MITSUI AND COMPANY LIMITED, MITSUBISHI CORPORATION, BHP BILLITON LIMITED – ASX BHP