At the 2025 China Steel Market Outlook and”My Steel”Annual Meeting on December 7th,Zhu Junhong,Chairman of Shanghai Steel Union E-commerce Co.,Ltd.,gave relevant suggestions on the development of the steel industry. Zhu Junhong stated that 2024 will be a very difficult year for the steel industry.Zhu Junhong stated that currently,China’s ironmaking capacity has reached 1.014 billion tons,and

The first multi-layer heavy oil thermal recovery development project in China’s offshore areas,the Jinzhou 23-2 oilfield development project,has been put into operation,marking a new stage of large-scale development of heavy oil in China’s offshore areas. The Jinzhou 23-2 oilfield is located in the Liaodong Bay area of the Bohai Sea,with an average depth of about

The recent report released by the World Bank has sounded the alarm for the upcoming oil supply surplus,which may disrupt the global economic and trade landscape.In its latest Commodity Market Outlook report,the World Bank stated,”We are heading towards a historic oversupply in the oil market,a scale that has only occurred twice since the birth of

The production system of China’s new materials industry is basically complete,and the scale of the industry continues to grow,forming the world’s most comprehensive and largest materials industry system.China ranks first in the world in terms of production of over a hundred materials,including steel,non-ferrous metals,rare earth metals,cement,glass,chemical fibers,advanced energy storage materials,photovoltaic materials,organic silicon,polyurethane raw materials,superhard materials,and

According to China National Energy Corporation,on November 13th,the first million kilowatt offshore photovoltaic project in China,the first batch of photovoltaic power generation units of the Guohua Investment Shandong Kenli 1 million kilowatt offshore photovoltaic project,were successfully connected to the grid. This project is a three-dimensional,layered,and truly offshore photovoltaic project currently located in an open sea

The domestic refined oil price adjustment window will open at 24:00 on November 6th.The retail price of refined oil in this round is about to be lowered.The retail price of refined oil in 2024 has experienced nine upward adjustments,eight downward adjustments,and four stranded adjustments.The crude oil change rate remains negative during the cycle,and the retail

Germany is seeking to promote energy economic transformation and decarbonization of energy intensive industries by importing renewable hydrogen.According to a recent study,hydrogen can be transported in the form of iron,providing a new option for Germany’s energy strategy. Hydrogen is seen as the key to achieving a climate neutral energy economy,aimed at replacing fossil fuels such

On the 23rd,the National Development and Reform Commission announced that based on recent changes in international market oil prices and in accordance with the current mechanism for forming refined oil prices,domestic gasoline and diesel prices will increase by 90 yuan and 85 yuan per ton respectively from 24:00 on October 23,2024. During this round of

In recent years,the export volume of Guinea’s bauxite has grown rapidly,especially the proportion of exports to China in its total bauxite export volume continues to rise.Data shows that in 2023,China’s imports of bauxite from Guinea reached 99.13 million tons,exceeding the amount imported from Australia.Due to the disruptions caused by explosions and strikes at Guinea’s oil

Driven by the expectation of resuming production after the voluntary reduction of OPEC+production,international crude oil prices continued to decline from early July until mid September when they stopped falling and rebounded.In the first week of October,the geopolitical crisis in the Middle East escalated,and international crude oil prices rose sharply,but did not return to the high