Slowdown in China's economic growth affects the power industry

In spite of the worst heat wave in 140 years, China has not experienced a peak power shortage associated with the increase in summer electricity use. This indication shows that the economic slowdown in China has affected the power industry.

As electricity demand rises, China often experiences peak power supply during the summer. Last year, the National Energy Administration warned that the power shortage during summer peak season will reach about 18 million kilowatts, but this is less than the 40 million kilowatts gap in 2011.

How to Make Money Experts Free Guidance Bank Gold and Silver TD Banking Guide Bank Gold and Silver Analog Trading Software Sets Gold Desktop Quote Quote Tool Although China Electricity Council in 2011 predicted that China will face a power shortage of up to 70 million kilowatts this year, China The economic slowdown has led to a slowdown in electricity demand. According to the National Energy Administration, domestic electricity consumption in the first half of the year increased by only 5.1% year-on-year, which was lower than the 5.5% increase in 2012 and 11.7% in 2011.

The data shows that the price of coal in China is at a low point for many years. This is another sign of weak electricity demand. Last month, the State Grid Corporation of China stated that although the grid load reached a record high in July, the company has the ability to maintain the overall stability of the grid operation.

On August 23, the Ministry of Commerce held a regular press conference. Shen Danyang, spokesman of the Ministry of Commerce stated that from January to July this year, nearly 90% of China’s non-financial direct investment flows to business services, mining, wholesale and retail The industry, construction industry and manufacturing industry are among the top five categories, of which the US$14.7 billion has flowed into the mining industry, an increase of 130% over the same period of last year.

The data show that from January to July, domestic investors in China have made direct investments in 3,275 foreign companies in 156 countries and regions, accumulatively achieving non-financial direct investment of 50.6 billion U.S. dollars, an increase of 20% year-on-year. Among them, the investment in the United States, Australia, the European Union, ASEAN, and Russia achieved high growth rates of 278%, 78%, 74%, 33%, and 21%, respectively. The Ministry of Commerce pointed out that from January to July, nearly 90% of China’s investment flows to the five categories of business services, mining, wholesale and retail, construction, and manufacturing, and that only investment in business services and manufacturing has declined. The growth of investment in other industries is relatively strong.

Among them, investment in the construction industry, scientific research and technology services, and mining industry grew exponentially, with US$3.2 billion flowing into the construction industry, an increase of 532% year-on-year; and scientific research and technology services industry of US$800 million, an increase of 147% year-on-year; The mining industry was 14.7 billion U.S. dollars, a year-on-year increase of 130%.

Since the beginning of this year, due to the economic downturn and the lack of energy demand, the coal industry in Anhui is still facing a grim situation.

Due to lack of demand, coal inventories in Anhui are showing an extraordinary growth trend. At the end of June, the province’s raw coal inventories totaled 5.035 million tons, a net increase of 2.449 million tons from the end of last year, an increase of 1.7 times year-on-year; and coal washing stocks amounted to 2.425 million tons, a net increase of 2.273 million tons, an increase of 40.9%. While stocks are growing, coal prices continue to fall. On July 19, the national coal price index was 159.5 points, a decrease of 11.3 points from the beginning of the year. The latest data from the Bohai Bohai Thermal Power Coal Co. shows that the comprehensive average price of 5,500 kcal thermal coal for coal has closed at 583 yuan/ton, the lowest in the past five years; the price of coking coal has been continuously lowered since April, and the current price per ton has fallen by 220 yuan from the beginning of the year. Around, a decrease of 350 to 400 yuan over the same period last year.

Data from Anhui Statistics Bureau shows that the operating pressure of Anhui coal companies is continuously increasing. In the first half of the year, the main business cost of coal enterprises above the scale of Anhui increased by 33.8% year-on-year, an increase of 14.1% over the total industrial enterprises above designated size; accounts receivable increased by 28.6%, a high of 16.6%; losses of loss-making enterprises increased by 2.2 times At the same time, profit and loss offset the net profit of 4.36 billion yuan in the same period of last year to a net loss of 1.13 billion yuan.

In the first half of the year, the comprehensive energy consumption of industrial enterprises above the designated size in Anhui Province increased by 3% year-on-year to an increase of 3% over the same period of the previous year. The rate of increase was the same as that of the whole country, which was 2 percentage points higher than that of the central region. It was 2 and 2.6 percentage points lower than the first quarter and the same period of the previous year respectively. , a new low for recent years. In the first half of the year, the total electricity consumption in Anhui Province was 69.34 billion kWh, an increase of 8.3%, an increase of 1.4 percentage points from the same period of last year, which was the lowest in the same period in the past four years.