“Energy Development” thirteen five “plan” proposed in 2020 China’s total energy consumption to be controlled within 5 billion tons of standard coal, of which the proportion of natural gas to reach 10% of the energy structure. If we achieve this goal, the more conservative estimates, China’s natural gas consumption in 2020 will reach 360 billion cubic meters, an increase of 152.2 billion cubic meters than 2016, the average annual growth rate needs to reach more than 15%. Taking into account the current consumption of natural gas, the annual growth rate of 38.6 billion cubic meters will be much higher than the amount of natural gas consumption growth in any year from 2000 to 2016. China’s natural gas demand growth in the past two years is only about 6% per annum, although the first half of this year, natural gas consumption in the government’s strong push to restore double-digit growth. Therefore, to achieve natural gas consumption in 2020 accounted for 10% of primary energy, now appears to be a huge challenge, the need for government policy measures continued strong support.

So, where is China’s natural gas demand space, how is the policy of precision? China’s natural gas consumption has experienced a rapid development in the past decade or so. China’s natural gas consumption in 2000 was only 24.003 billion cubic meters, reaching 205.8 billion cubic meters in 2016, accounting for 5.9% of global natural gas consumption, the scale of consumption in the United States and Russia, ranked third in the world. Natural gas in the primary energy consumption in the proportion of a significant upward trend. However, China’s GDP in 2016 accounted for 6.3% of the primary energy consumption, far below the global average of 23.8%, compared to the United States (30%), Russia (52.8%), the gap is more obvious, which also shows that China’s future demand for natural gas growth Can be great.

At present, China’s natural gas consumption structure, industrial fuels, urban gas (including traffic gas), power generation, chemical industry accounted for 38.2%, 32.5%, 14.7%, 14.6%. Compared with 2010, urban gas, industrial fuel gas accounted for an increase; and chemical and power generation gas accounted for a decline. To achieve the 2020 natural gas development goals, from the expansion of gas scale and optimize the use of two aspects of the structure.

First, industrial gas demand growth. China’s current industrial fuel to coal-based, accounting for 73% in 2015. In 2015, China’s industrial fuel and gas consumption was 73.8 billion cubic meters, and natural gas accounted for about 10% of industrial fuel energy, far below the developed countries (40% -50%) in Europe and the United States. The future development of natural gas in the field of industrial fuels mainly includes two aspects: First, optimize the fuel composition of energy-consuming industries such as steel, metallurgy, building materials and petrochemicals; the other is to improve the fuel structure of different industrial boilers and kilns in the city. For example, if the proportion of China’s natural gas consumption to industrial fuel consumption will increase to 15% by 2020, the average annual demand for industrial fuel gas will exceed 10%.

Followed by the increase in the size of the city gas and the development of natural gas vehicles. Since the beginning of the 21st century, China’s urban gas has maintained rapid growth, with an average annual increase of 55 million in the population in 2004 and 2015. Since 2012, the gas population surpassed liquefied petroleum gas (LPG), and urban gas became the largest living fuel. China’s urban gas consumption in 2015 is about 31.1 million people, urban residents gasification rate of 43%, but still far below the level of developed countries (90% of the United States, the United Kingdom 85%). On the other hand, China’s per capita gas consumption is now about 27 cubic meters, only the United States and the United Kingdom per capita consumption of 1/16 and 1/28 (US per capita gas 428 cubic meters, the United Kingdom 752 cubic meters), so the future of China City gas gas demand potential is still huge.

China’s traffic gas to car-based gas, the ship with little gas. 2015 natural gas car ownership of about 5 million, with more than 20 billion cubic meters of gas. As a result of the policy support for natural gas vehicles, China’s natural gas car ownership and gas consumption are living in the forefront of the world, but the past two years the slow pace of development of natural gas vehicles.

Again, the demand for natural gas power generation can be greatly improved in the short term. China’s natural gas power generation in 2015 was 28.4 billion cubic meters, up 12.2 percent over the previous year, and demand for gas production increased rapidly. As of the end of 2015, China’s gas and electricity installed capacity of 06 million watts, natural gas power generation accounts for 3% of the total electricity consumption, while the global average of 21.6%, the proportion of the United States 32%. In addition, China’s gas consumption accounted for the proportion of natural gas consumption is also low, only 14.7%, far below the world average of 30%, while the United States more than 30%, more than 40% of Russia, Japan and even reached about 60% The

Objectively, China’s clean development of electricity also requires the peaking of natural gas. At present, China’s power surge is mainly dependent on the coal, but the natural gas power plant is the ideal peak shunt power supply, power grid to enhance the efficiency of the system and the need for renewable energy consumption need to increase the proportion of natural gas power. “Electric power development” thirteen five “plan” proposed natural gas power generation construction goals, by 2020 to achieve gas and electricity installed capacity accounted for more than 5%, the scale of more than 110 million kilowatts. Another factor in the scale of natural gas power generation is the annual utilization of hours. 2015 China’s average utilization of gas units only 2498 hours, assuming that the average annual utilization of gas units in 2020 can be increased to more than 3000 hours, gas scale will be greatly improved. If the planned total demand of 36 billion cubic meters of natural gas to estimate, natural gas demand in natural gas consumption in the proportion may be close to 18%. Natural gas power generation demand will be the key and driving force for China’s future natural gas growth.

Finally, the demand for chemical natural gas is likely to shrink. China’s chemical gas consumption in 2015 was 28.2 billion cubic meters, down 6.5% year on year. In recent years, chemical gas growth is weak, the proportion of total natural gas consumption continued to decline. However, with the world’s major developed countries compared to the proportion of chemical gas is still high. Fertilizer, methanol and hydrogen are the main consumption of chemical gas. From the “Eleventh Five-Year” at the end of the rise in costs led to reduced demand for fertilizer and methanol gas. It is estimated that the share of chemical demand in natural gas consumption in 2020 is likely to fall to about 7%, which is close to the current 5% share of natural gas consumption in the world’s major natural gas consuming countries.

In the environmental management and energy structure adjustment under the dual pressure, at least from the consumption point of view, natural gas will be China’s short-term growth of the fastest varieties of energy. The above analysis shows that China’s natural gas demand growth is very large, however, due to the current natural gas and coal use there is a relatively large cost difference, short-term natural gas development can only rely on government policy for mandatory gas replacement coal. After 2020, short-term natural gas growth needs to be supported by the government, including accelerating the reform of the natural gas industry and the reform of the price mechanism. In addition to supporting the need to create demand, the government needs to support the protection of supply.

According to the Egyptian Daily News reported on July 26: Egyptian Chemical Products Export Association (CEC) data show that the first half of 2017 Egyptian chemical exports to 2.1 billion US dollars, an increase of 36%. Exports of plastic and rubber products were $ 669.9 million, up 18% from $ 2016 million ($ 516.4 million); fertilizer exports were $ 502 million, up 71% year-over-year; paper exports were $ 259.9 million, up 12% Exports of chemical products amounted to US $ 177 million, up 352 percent from the same period in 2016 (US $ 158 million); exports of inorganic chemicals were US $ 146.82 million, up 23 percent year on year; glass exports were US $ 71.91 million, compared with the same period in 2016 (73.09 million US dollar) by 23%.

Exports of chemical products in Egypt were about $ 1.045 billion in the first quarter of 2017, up 35% from $ 2075 million in the same period in 2016. Exports in the second quarter were $ 1.027 billion, an increase of 37% over the same period in 2016 ($ 748 million).

Turkey was the largest importer of chemical products in Egypt in the first half of 2017, with imports totaling US $ 466,251 million, accounting for 35% of Egyptian exports of chemical products, followed by Spain (US $ 14.9166 billion), 12%; France ($ 135.58 billion) Accounting for 11%; Italy ($ 1.293 billion), Saudi Arabia ($ 82.259 million).

Sweden is experiencing the largest data leak in history, almost all citizens of personal information and many confidential information may all be exposed, Prime Minister Levin said it was a “disaster.”

According to media reports, the information also includes all the Swedish driver’s license, the Swedish elite troops personal information, the Swedish fighter pilot’s personal information, the Swedish pilots and air controllers personal information, the police registered the Swedish public information, Details of the use of vehicles by the Swedish government and the military, and details of the Swedish road and transport infrastructure.

The origin of the crisis dates back to 2015. At that time, the Swedish Transportation Authority outsourced the database and information communications services to IBM, and IBM outsourced some of its services to NCR, but the two companies allowed employees who had no security permission to access data when transferring data.

After the outbreak of the scandal, Levin said he knew the crisis in January this year, the current government is developing a new security bill, the bill will come into effect in January 2019. It is noteworthy that in January this year, the Swedish traffic management director Maria Aglun has been dismissed and accept the investigation of the relevant departments.

“I do not want the political chaos in Sweden, which is not what we need now, and I will take responsibility and will not be in a political crisis,” Levin refused to resign and said he would reshuffle the cabinet.

In the face of the Prime Minister’s explanation, the opposition party does not buy it. Moderate party leader AnnaKinbergBatra Wednesday accused Levin of Sweden into a “serious security crisis”, which requires the parliament to be responsible.

The Swedish Parliament is currently on vacation, but the opposition has proposed to convene a member of the Legislative Council to vote within ten days. “There are only two options, either a new round of elections or the resignation of the prime minister.” The party entered the parliament for the first time in 2010, but other parties in the congress unanimously refused to cooperate with it, “said Jimmie Akesson, leader of the Democratic Party of the Democratic Party of Sweden.

Swedish Northern Europe (SEB) in the report pointed out that Defense Secretary PeterHultqvist may be forced to leave, which means that the government crisis will continue in the short term.

After the data disclosure scandal broke out, the Swedish krona fell slightly against the dollar. Citigroup believes that Swedish political noise has erupted, although the political situation does not seem to deteriorate, “We think the Swedish krona upside is still limited.”

Swedish stock market also fell recently. As of press time, the Swedish OMX30 stock index fell 0.36 percent at 1574.49 points.

On Friday, the price of o-benzene market fell, as of the close, East China’s benzene market price to close at 6300 yuan / ton, compared with last weekend prices fell 200 yuan / ton, down 3.08%. The main downstream of the French phthalic anhydride production and marketing phenomenon is not busy, and the downward trend continues, the demand for o-benzene is not optimistic, coupled with the continuation of the status of high port stocks, the overall excess situation, the price of o-benzene has been lower.

Industrial naphthalene market review: This week the domestic industrial naphthalene market prices continue to improve prices, the main producing areas offer steady rise, but the terminal demand is still weak, the downstream users of the high quotes exist certain resistance; In addition, part of the naphthalene phthalide manufacturers Said the large number of pre-stocking, the current purchase of naphthalene sentiment is not high. The current manufacturers more than the implementation of pre-orders, Shandong, Hebei part of the order in the 3300-3400 yuan / ton; Shanxi part of the price negotiations in the 3100-3200 yuan / ton, high for the tender price, part of the tax price of 2900 yuan / ton nearby. Short-term point of view, although the industrial naphthalene market favorable factors increase, raw coal tar market prices soared; but after all, the current naphthalene terminal demand is weak, some naphthalene phthalic anhydride manufacturers procurement is not high current; plus plasticizer market price again Down. On the whole, Zhuochuang that short-term naphthalene city or stabilize the pressure, but pull some difficulty.

Vietnamese phthalic anhydride market prices closed at 6700 yuan / ton, compared with last weekend prices fell 200 yuan / ton, down 2.90%; North China naphthalene French phthalic anhydride market price closed at 6400 yuan / ton, compared with last weekend prices fell 200 yuan / ton, down 3.03%. Week, the main downstream plasticizer production and marketing situation is not prominent, and down trend, the demand for phthalic anhydride follow-up fatigue. With the decline in the expansion of the phthalic anhydride inquiry and the lack of procurement intentions, the industry mentality pressure, phthalic anhydride decline does not change, the actual discussion of the center of gravity has been loose

In July 2017, iron ore miners Gibson Hill Company announced the lifting of the Iron Hill (Iron Hill) mine acquisition agreement, the solution is a party in Hebei, China, a business.

Gibson Hill said the reason for the relocation was that the company failed to comply with the basic terms of the acquisition agreement, that is, the purchase of the mine’s first year of iron ore planned production of 1 /

First, the signing of the agreement

The acquisition agreement was first signed in November last year. On December 23, 2016, the Mountgibson Iron Mine Company of Australia announced that it had entered into a company with Scit Trading Co., Ltd. (hereinafter referred to as “Scit Trade”), a subsidiary of Head & Shoulders International Enterprise Limited (“Chief International”) Iron ore purchase agreement. Under the agreement, the scit trade will purchase 25 percent of the available capacity for the first year of the iron hill in Gibson Hill.

Gibson Hill said the pricing reference to the Platts index, in accordance with the premium and impurity to do the corresponding increase and decrease, and scit trade in the 12-month contract agreement expires after 12 months.

The agreement is also the third sales agreement signed by Gibson Hill for the Tieshan project, which now sells 70% of its first annual production.

At that time, Gibson Hill hoped that the development of Tieshan mine would begin as soon as possible so that the sales of the Tieshan mine began in the first half of 2017 when the standard hematite stock was produced.

Gibson Hill Chief Executive Officer has said: “This agreement further emphasizes the good relationship between the mountain Gibson and Shougang, Shougang has been our company ‘s strong and reliable shareholders and customers.

Second, the background of Gibson Hill

The database shows that Gibson Mountain Iron and Steel 1996 in Western Australia Perth was formally established in 2001 listed on the Australian Exchange. China Shougang Group holds 14.20% of the shares of the company.

Shougang Holdings (Hong Kong) Limited holds 47.78% of the shares of Chief International, while Shougang Holdings is fully controlled by Shougang Group. Shougang is one of the largest state-owned steel producers in China and has become the second largest shareholder of Gibson Hill since 2009 through indirect shareholding.

The company has two iron ore projects in Western Australia and the Kimberley area of ​​Western Australia, and the company also has a hematite project in the Gibson Hill area of ​​southeastern Geraldton. The three projects are: Tallering Peak project in Western Australia, iron ore project in Kulan Island and three mines in Izannin Mountain.

The exploration resources of Istan Xinshan Iron Mine are 1.668 billion tons. The long-term reserves are over 5 billion tons, the average grade of ore is 39.4%, and the grade of iron ore after ore dressing can reach 68.5%. The iron mine was originally the first project of Chongqing Iron and Steel (Zinc Steel) and Asian steel cooperation. But this was called “the most cost-effective, the acquisition of the best quality resources,” but because of the $ 3 billion mining gap is difficult to solve, and ultimately can only choose to sell shares.

According to Gibson Hill official website, the company has a recoverable reserves of 52 million tons, the annual output of 3 million tons. 2011 total assets of 1.56 billion Australian dollars, the income of 670 million Australian dollars, the profit of 350 million Australian dollars.

Third, Tieshan mine profile

Tieshan Mine is located in the western Midwest, only three kilometers from its existing extension hill mine.

On December 9, 2016, Gibson Hill announced that the Western Australian Ministry of Environment had approved the Tieshan project and said the company expects to begin its work in the first half of 2017.

In the third quarter of 2016, Istan Tan Shan sales of only 71.1 million tons. As an alternative to Istan, the total cash cost of Tieshan is expected to be consistent with that of Izannin Hill.

Tieshan’s presumption and inferred iron ore resources for the 8.8 million tons level, grade 58.3%.

Based on the current development schedule, Gibson Hill expects the project to contribute between 400,000 and 500,000 tonnes of iron ore in 2016 and 2017 and is expected to be sold at the end of 2018, when all product sales are expected to 5.5 million tons – 600 million tons.

Fourth, the Chinese enterprises repeatedly lost letter

And this termination is not the first time Gibson Hill on the Chinese enterprises default, before Rizhao Iron and Steel had the enterprise to court!

August 2010, Gibson Hill Rizhao Steel on the grounds of breach of contract to the Japanese claim 114 million US dollars. In October 2011, the two companies announced a settlement and a long-term relationship.

A year later the situation reversed, the steel will Gibson Hill to the arbitration tribunal.

According to Rizhao Iron and Steel, Rizhao Iron and Steel and Gibson Hill in 2011 after the signing of iron ore import contracts signed, but Gibson Hill has not yet fulfilled one of the “garbage ore” contract, after the invalid is forced to bring arbitration, the subject amount of 700 Ten thousand U.S. dollars.

Finally, have to say that Chinese enterprises to do their own at the same time, we must establish their own signs in the international, can not be foreign enterprises pit cheat!