State Grid Enhances Services for New Energy, Storage, and Efficiency to Support Zero-Carbon Goals

Sep 21 news: North ports: 46% Australian lumps at 40.3-40.8 yuan/mtu, flat WoW; South African semi-carbonate at 33.5-33.8 yuan/mtu, down WoW; Gabonese at 39.1-39.3 yuan/mtu, down WoW; South African high-iron at 28.8-29.3 yuan/mtu, flat WoW; South African medium-iron at 35.2-35.5 yuan/mtu, down WoW. South ports: 46% Australian lumps at 42.7-43.2 yuan/mtu, flat WoW; South African semi-carbonate at 36-36.5 yuan/mtu, down WoW; Gabonese at 40.3-40.8 yuan/mtu, flat WoW; South African high-iron at 29.3-29.8 yuan/mtu, down WoW; South African medium-iron at 37.1-37.6 yuan/mtu, up WoW. Inquiry activity in the manganese ore market remains sluggish, pre-holiday stockpiling and the traditional peak season have fallen short of expectations, and port spot prices in both north and south China are broadly declining.

[MIIT and eight other departments: By 2030, average energy consumption of battery electric passenger vehicles to reach around 11.5 kWh per 100 km] The MIIT and eight other departments issued the Intelligent Connected NEV Industry Development 15th Five-Year Plan. The plan proposes that by 2030, key technology levels will be effectively improved. Average fuel consumption of passenger vehicles will reach 3.3 liters per 100 km, and average energy consumption of battery electric passenger vehicles will reach around 11.5 kWh per 100 km. Highly automated driving will be achieved on highways, urban expressways, and some urban roads.

This week, the phosphorus chemical sector showed clear structural divergence. Yellow phosphorus had undergone sufficient price cuts and destocking earlier, and this week it stopped falling and recovered slightly, supported by supply-side price holding and cost support, but downstream stocking remained cautious and demand had not yet recovered in substance. The phosphoric acid market saw sluggish trading, with wet-process and thermal-process cost trends diverging; coupled with the release of new capacity, the overall market moved sideways. Listing prices for industrial-grade MAP remained stable while actual transaction prices quietly declined, with weakening raw material costs dragging down the market; traditional agricultural demand was stagnant, and the market was supported only by rigid demand from the new energy sector.