Overcapacity Hinders China Economic Development-Shanghai Metals Market

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Overcapacity Hinders China Economic Development

SMM Insight 07:58:41PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SMM carefully selects key new energy market news for you:

Investors Should Not Be Overly Optimistic over 2013 Outlook
Global economy was sluggish in 2012, and China's economy also suffered slow growth for the first time in recent years. Against this backdrop, many enterprises face difficulties in operations and hope that situations can turn around in 2013. Market players expect a brighter economic outlook for 2013 but they should not be overly optimistic as many industries may meet bigger challenges.

Overcapacity Becomes the Biggest Challenge of Chinese Economy
Overcapacity has been hindering the development of Chinese industries in the past few years. High energy consuming aluminum and steel industries, new emerging photovoltaic solar energy and wind power industries, and industry of high-end silicon steel applied in shipbuilding and steel manufacturing are all considered as industries with overcapacity.

Hanergy Holding Group Completes Acquisition of Miasole
In the context of weak photovoltaic industry, Hanergy Holding Group January 9 announced to finish the acquisition of the US' Miasole.

Subsidies for Photovoltaic Industry May be Lowered
A member of the Chinese Renewable Energy Industries Association recent disclosed that subsidies for the photovoltaic industry may be set at around RMB 0.45-0.5/kwh, below the expected RMB 0.4-0.6/kwh. Meanwhile, the said Chinese government is encouraging local governments to introduce some preferential policies for photovoltaic industry.

A lot of news recently came out that many wind power projects have been approved. Continuously sluggish Chinese wind power industry seems to witness a turnaround. However, market insiders hold the view that concentrated approvals on these projects can be definitely favorable for the healthy development of this industry over the long run, but may also result in overcapacity in the short term. Hence, China's wind power industry is in a period of adjustments.
 

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139500.0
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142.5
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Overcapacity Hinders China Economic Development

SMM Insight 07:58:41PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SMM carefully selects key new energy market news for you:

Investors Should Not Be Overly Optimistic over 2013 Outlook
Global economy was sluggish in 2012, and China's economy also suffered slow growth for the first time in recent years. Against this backdrop, many enterprises face difficulties in operations and hope that situations can turn around in 2013. Market players expect a brighter economic outlook for 2013 but they should not be overly optimistic as many industries may meet bigger challenges.

Overcapacity Becomes the Biggest Challenge of Chinese Economy
Overcapacity has been hindering the development of Chinese industries in the past few years. High energy consuming aluminum and steel industries, new emerging photovoltaic solar energy and wind power industries, and industry of high-end silicon steel applied in shipbuilding and steel manufacturing are all considered as industries with overcapacity.

Hanergy Holding Group Completes Acquisition of Miasole
In the context of weak photovoltaic industry, Hanergy Holding Group January 9 announced to finish the acquisition of the US' Miasole.

Subsidies for Photovoltaic Industry May be Lowered
A member of the Chinese Renewable Energy Industries Association recent disclosed that subsidies for the photovoltaic industry may be set at around RMB 0.45-0.5/kwh, below the expected RMB 0.4-0.6/kwh. Meanwhile, the said Chinese government is encouraging local governments to introduce some preferential policies for photovoltaic industry.

A lot of news recently came out that many wind power projects have been approved. Continuously sluggish Chinese wind power industry seems to witness a turnaround. However, market insiders hold the view that concentrated approvals on these projects can be definitely favorable for the healthy development of this industry over the long run, but may also result in overcapacity in the short term. Hence, China's wind power industry is in a period of adjustments.