China Commodities & Energy Wrap for the Week of 10/21/2010

October 21 – Almost all of the 300,000 tons of rapeseed oil for government auction have been sold at high prices. The government has to auction more to check the rising prices, analysts say. China consumes over 4 million tons of rapeseed oil a year.
Source: http://finance.qq.com/a/20101021/001888.htm

October 20 – The State Council has called off a plan to raise retail fuel prices on inflation concerns, according to people with knowledge of the matter. It was the first markup proposal by the National Development and Reform Commission since April.
Source: http://cn.reuters.com/article/chinaNews/idCNCHINA-3193920101020

October 19 – China's natural gas supply will grow 20% in 2010, according to Liu Tienan, deputy director of the National Development and Reform Commission.
Source: http://www.yicai.com/news/2010/10/573565.html

October 19 – China is likely to cut its rare earth export quota by up to 30% next year, according to an unnamed official with the commerce ministry.
Source: http://news.ifeng.com/gundong/detail_2010_10/19/2828799_0.shtml

October 18 – Rubber price hit a record ¥31,580/ton at the Shanghai Futures Exchange.
Source: http://finance.qq.com/a/20101019/001660.htm

October 16 – The State Council issued a circular firming its resolve to shut down small coal mines and consolidate the industry.
Source: http://finance.qq.com/a/20101021/004783.htm

October 15 – Yingli Green Energy Holdings Co (NYSE: YGE) started building a 600MW monocrystal silicon assembly line in Baoding, Hebei province and a 100MW polysilicon assembly line in Haikou, Hainan province. The two projects expected to begin working in mid 2011 will lift Yingli's total capacity to 1.7 GW.
Source: http://solarbe.com/news/content/2010/10/14004.html