Russia and Saudi Arabia intend to reach an exit agreement, the two countries will jointly stabilize the global oil and gas market

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Russia’s Energy Minister Alexander Novak said in a speech on Friday (December 22) that Russia and the Organization of the Petroleum Exporting Countries (OPEC) will smoothly and smoothly withdraw from the production reduction agreement and may implement another type of limited production Measures to ensure that the oil market will not be re-oversupplied after the production cut-off expires.

Novak said: “Everyone in the market wants to see a return to equilibrium.”

OPEC and Russia and other non-OPEC oil producing countries have extended the production cut agreement to the end of 2018, but investors are worried that crude oil output will be bounded after the cut-off agreement expires. Therefore, it is the focus of attention whether an order of exit agreement can be reached.

On the other hand, since the beginning of this year, Russia and Saudi Arabia have significantly enhanced the bilateral relations between the two countries and King Salman of Saudi Arabia has also conducted a large-scale political and commercial visit to Moscow. Crude oil has always been the focus of business between the two countries, as crude oil exports are an important source of revenue for both countries.

On Thursday, King Salman of Saudi Arabia and Russian President Putin held a conference call during which both parties agreed to continue to strengthen cooperation to jointly stabilize the global oil and gas market.

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The Ministry of Environmental Protection restricts the import of solid wastes used as raw materials

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BEIJING, December 19, in a statement released in Monday, China’s Ministry of Environmental Protection announced stricter restrictions on waste imports, a move that would limit the import of copper scrap.

 

In a notice issued on December 15, “Restrictions on the administration of environmental protection of solid wastes used as raw materials for imports”, it said that only Chinese end-users (enterprises engaged in processing and utilization) would be allowed to import waste copper.
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The announcement confirms that China, which was reported in October by the Shanghai Nonferrous Metals Network, may limit the import of copper scrap from next year.

 

The notice said that copper scrap users need to have their own processing plants and equipment, and before the import of pollution emissions permits.

 

End users should not violate environmental regulations within two years, or will not import.

 

Analysts said the announcement would also apply to imports of other wastes that could be used as raw materials, and would slash the number of scrap copper imports next year.

 

China is the world’s largest importer of scrap metal.

 

The following is the original of the Ministry of Environmental Protection:

 

Announcement on the release of the regulations on the management of environmental protection of solid wastes which can be used as raw materials for import

 

Soil of the National ring Regulation [2017]6

 

In order to implement the implementation plan for the reform of the import management system of solid waste, which prohibits the importation of foreign rubbish into the country (Kwok (2017)70), further strengthens the import management of solid wastes which can be used as raw materials for import, and according to the law of the People’s Republic of China on the management of solid waste My department has revised and completed the regulations on the environmental protection of solid wastes which are restricted to imported materials for use as raw material and is now published and shall be implemented from the date of promulgation.

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The regulations for the management of environmental protection of solid wastes which restrict imports to be used as raw materials (the Ministry of Environmental Protection announces the 70th 2015) is abolished at the same time.

 

Ministry of Environmental Protection

 

December 14, 2017

China’s aluminium production in November was down for five months to the lowest after 2015

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China’s original aluminium production fell for the fifth consecutive month in November, according to data published by the National Bureau of Statistics in Thursday, prompting production to fall to its lowest level since February 2015 in the smelter’s winter restrictions.

 

China is the world’s largest producer of aluminium, with data showing 2.35 million tonnes of raw aluminium in November, down 7.8% from 2.55 million tonnes in October, down 16.8% from a year earlier.

 

In order to carry out the plan of Air pollution prevention and control, and to strengthen the control of air pollution in Beijing, Tianjin, Hebei and surrounding areas, this March, the Ministry of Environmental Protection and the “four provinces” jointly formulated and issued the “Beijing-Tianjin-Hebei and surrounding areas of the 2017 air Pollution control work programme. In the “work plan”, it is clear that the implementation of industrial enterprises heating season wrong peak production, of which all over the heating season electrolytic aluminum plant more than 30%, Alumina Enterprises Limited production of about 30%. The scope of implementation covers 28 cities.
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However, analysts noted that China’s Acer Bridge group, the world’s largest aluminium smelter, managed to avoid a sharp reduction in production, although it is located in Binzhou, Shandong Province, one of the 28 cities. The group had shut down 2.68 million tonnes of illegal capacity earlier this year. This may explain the relatively small monthly decline in overall production.

 

Jackie Wang, a cru aluminum analyst in Beijing, said: “There is a limited impact on winter production, especially in Shandong, which did not meet previous expectations.” “She expects December output to be flat with November data,” she said.

 

China’s original aluminium production in January-November totaled 29.54 million tonnes, up 1.7% from a year earlier, and is expected to record annual highs for the year. China’s aluminum production in 2016 was 31.9 million tonnes.

 

China’s November total output of 10 non-ferrous metals was 4.32 million tonnes, the lowest level since April 2016, the Bureau of Statistics reported. Production fell 3.1% from 4.46 million tonnes in October, down 6.9% from a year earlier.

 

In January-November, 10 non-ferrous Metals produced a total of 49.34 million tonnes, up 2.5% from a year earlier, and are still expected to record highs for the year.

 

2016 China Nonferrous Metals production of 52.8 million tons.

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