Mining investment increased by 25.7% in the first four months compared with the same period last year-Shanghai Metals Market

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Mining investment increased by 25.7% in the first four months compared with the same period last year

Translation 01:23:52PM May 20, 2019 Source:China Mining News

SMM News: the latest data released by the National Bureau of Statistics show that from January to April, the added value of industries above scale increased by 6.2 per cent compared with the same period last year. Among them, the added value of the mining industry increased by 2.4 percent over the same period last year, an increase of 0.2 percentage points over the period from January to March.

The data show that the production and supply of major mineral products: from January to April, the output of raw coal was 1.11 billion tons, an increase of 0.6 per cent over the same period last year. The growth rate of raw coal production slowed down and coal imports rebounded. From January to April, 99.93 million tons of coal were imported, an increase of 1.7 per cent over the same period last year. On May 10, the comprehensive trading price of 5500 kcal coal in Qinhuangdao was 591 yuan per ton, 5000 kcal was 517 yuan per ton, and 4500 kcal was 461 yuan per ton, which was basically the same as at the beginning of April. From January to April, crude oil production was 63.06 million tons, an increase of 0.6 per cent over the same period last year. Crude oil production has fallen and crude oil imports have increased. Crude oil imports increased by 8.9% from January to April compared with the same period last year. The price of crude oil fluctuated higher. On April 30, Brent crude spot FOB price was $72.19 a barrel, up $4.3 a barrel from March 29. From January to April, natural gas production was 58.1 billion cubic meters, an increase of 9 per cent over the same period last year. Natural gas production slowed slightly and imports maintained rapid growth. From January to April, natural gas imports increased by 16.4% over the same period last year. In addition, from January to April, the output of ten non-ferrous metals was 18.64 million tons, an increase of 5.2 percent over the same period last year.

The data show that from January to April, the national fixed assets investment (excluding farmers) was 15.5747 trillion yuan, an increase of 6.1 percent over the same period last year, and the growth rate was 0.2 percentage points lower than that from January to March. Of this total, private fixed asset investment was 9.3103 trillion yuan, an increase of 5.5 percent over the same period last year, and the growth rate was 0.9 percentage points lower than that from January to March. From January to April, industrial investment increased by 3.1% over the same period last year, down 1.3 percentage points from January to March. Among them, investment in the mining industry increased by 25.7 percent over the same period last year, an increase of 10.9 percentage points over the period from January to March. Infrastructure investment (excluding electricity, heat, gas and water production and supply) rose 4.4 percent year on year, unchanged from January to March and 0.6 percentage points faster than for the whole of last year. In infrastructure investment, investment in ecological protection and environmental management increased by 37.6 percent.

Mining investment increased by 25.7% in the first four months compared with the same period last year

Translation 01:23:52PM May 20, 2019 Source:China Mining News

SMM News: the latest data released by the National Bureau of Statistics show that from January to April, the added value of industries above scale increased by 6.2 per cent compared with the same period last year. Among them, the added value of the mining industry increased by 2.4 percent over the same period last year, an increase of 0.2 percentage points over the period from January to March.

The data show that the production and supply of major mineral products: from January to April, the output of raw coal was 1.11 billion tons, an increase of 0.6 per cent over the same period last year. The growth rate of raw coal production slowed down and coal imports rebounded. From January to April, 99.93 million tons of coal were imported, an increase of 1.7 per cent over the same period last year. On May 10, the comprehensive trading price of 5500 kcal coal in Qinhuangdao was 591 yuan per ton, 5000 kcal was 517 yuan per ton, and 4500 kcal was 461 yuan per ton, which was basically the same as at the beginning of April. From January to April, crude oil production was 63.06 million tons, an increase of 0.6 per cent over the same period last year. Crude oil production has fallen and crude oil imports have increased. Crude oil imports increased by 8.9% from January to April compared with the same period last year. The price of crude oil fluctuated higher. On April 30, Brent crude spot FOB price was $72.19 a barrel, up $4.3 a barrel from March 29. From January to April, natural gas production was 58.1 billion cubic meters, an increase of 9 per cent over the same period last year. Natural gas production slowed slightly and imports maintained rapid growth. From January to April, natural gas imports increased by 16.4% over the same period last year. In addition, from January to April, the output of ten non-ferrous metals was 18.64 million tons, an increase of 5.2 percent over the same period last year.

The data show that from January to April, the national fixed assets investment (excluding farmers) was 15.5747 trillion yuan, an increase of 6.1 percent over the same period last year, and the growth rate was 0.2 percentage points lower than that from January to March. Of this total, private fixed asset investment was 9.3103 trillion yuan, an increase of 5.5 percent over the same period last year, and the growth rate was 0.9 percentage points lower than that from January to March. From January to April, industrial investment increased by 3.1% over the same period last year, down 1.3 percentage points from January to March. Among them, investment in the mining industry increased by 25.7 percent over the same period last year, an increase of 10.9 percentage points over the period from January to March. Infrastructure investment (excluding electricity, heat, gas and water production and supply) rose 4.4 percent year on year, unchanged from January to March and 0.6 percentage points faster than for the whole of last year. In infrastructure investment, investment in ecological protection and environmental management increased by 37.6 percent.