July 18 – China consumed 121.74 million tons of refined oil in 1H 2012, up 2.9% from 1H 2011, according to the National Development and Reform Commission. Gasoline consumption was up 6.7% year on year to 37.62 million tons and diesel consumption was up 0.8% year on year to 75.12 million tons during the period.
July 18 – China produced 53.9 billion m3 of natural gas and imported 19.8 billion m3 of natural gas in 1H 2012, up 6.7% and 44.6% respectively from 1H 2011, according to the National Development and Reform Commission. Natural gas consumption was up 15.9% year on year to 72.1 billion m3 during the period.
July 18 – China, the world's largest potash consumer, will likely pay a higher price for imports of the fertilizer after grain prices soared following a severe drought in the US, Bloomberg reported, citing Plymouth, Minnesota-based Mosaic Co (NYSE: MOS). Corn futures have jumped 52% in Chicago in the past month and soybeans have climbed 21%. The worst US drought in a generation is expected to influence talks currently in progress between Chinese and North American potash suppliers about a six-month supply accord.
July 17 – China produced 518,000 tons of copper concentrate in June, up 11.6% year on year and equaling the record first set in August 2011, according to the National Bureau of Statistics. In 1H 2012, copper concentrate output grew 10.3% to 2.92 million tons.
July 15 – China's coal reserves increased 60 billion tons, iron ore reserves increased 1.8 billion tons and bauxite reserves increased 20 million tons in 1H 2012, the Ministry of Land and Resources said.
July 13 – China's cotton imports surged 296.6% year on year to 476,000 tons in June, according to customs figures. The price of cotton imports averaged $2,379/ton in June, down 24.8% from a year earlier.
$1 = ¥6.31