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Concerns of global crude oil oversupply led to a 4% drop on oil prices

According to reports by Reuters, oil prices dropped 4% in this week, which caused by the four-consecutive-week rose on US active drilling rigs and concerns of global crude oil oversupply.

7-26-2016 14:51:36

How to resolve risks of urea industry?

The first half of 2016 has witnessed unprecedented risks in China’s urea industry. Suffering a “cliff-like drop”, the urea industry began to follow the steps of steel and coal industri

7-26-2016 14:43:27

Crude price will rally to $50/bbl in Q4 thanks to China and India

Michael Cohen from Barclays said in the report that, it’s predicted that the petroleum demand from China and India would help Brent price rally to $50/bbl in the fourth quarter from $45/bb

7-26-2016 14:40:14

China steel sector to reinforce overcapacity cut in H2

The overcapacity cut task in the Chinese steel sector will remain tough in the second half of 2016.

7-26-2016 14:28:31

100 environmental buses of Ma’anshan are to operate in September

It was learned from Ma’anshan City Public Transport Group that Anhui Ankai Automobile and Xiamen King Long won the bid of purchasing new buses in 2016. 100 new buses will be in service in

7-26-2016 14:20:30

China’s throughput in above-scale ports grew slowly in 5.8bn mt in H1 2016

In June, China’s throughput in above-scale ports was 998.76million mt, up by 0.4% YoY and growth slowed 2% MoM. Costal port accounted for 680.2million mt, which has kept par compared with

7-26-2016 11:50:03

Shenhua Group sees coal sales rise by 4.8% YoY in H1

Shenhua Group reported a yearly growth of 4.8% in its H1 coal sales, mainly owing to the following two factors.

7-26-2016 11:43:32

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