In May, the production of raw coal, crude oil and natural gas above designated size was basically stable, the growth rate of crude oil processing slowed down, and electricity production continued to accelerate.
First, raw coal production is stable, coal imports are at a low level, and price recovery is picking up.
In May, raw coal production increased by 3.5% year-on-year, and fell by 0.6% from the previous month. From January to May, raw coal production was 1.40 billion tons, an increase of 4.0% year-on-year.
In May, coal imports increased by 0.6% year-on-year, and imports reached 22.33 million tons, which was basically the same as last month. From January to May, 120 million tons of imported coal was up by 8.2% year-on-year.
The price of coal fell back to low. As of June 4, the closing price of Qinhuangdao 5500 kcal coal was 589 yuan per ton, up 2 yuan from the end of April; 5,000 kcal per ton of 547 yuan, up 18 yuan; 4500 kcal per Ton 471 yuan, up 22 yuan.
Second, the decline in crude oil production narrowed, and the growth rate of imports fell
In May, crude oil production stood at 15.97 million tons, a year-on-year decrease of 1.6%, and the rate of decline was 0.7 percentage points lower than the previous month. The average daily output was 515,000 tons, which was 0.2 million tons less than the previous month, and stabilized at about 515,000 tons for 5 consecutive months. Average daily production level.
From January to May, the output of crude oil was 78.23 million tons, a year-on-year decrease of 2.0%, a decrease of 0.1% from January to April.
The import growth rate of crude oil fell. In May, 39.05 million tons were imported, a year-on-year increase of 5.0%, and the growth rate was down 9.8 percentage points from the previous month. From January to May, crude oil imports were 190 million tons, an increase of 8.0% year-on-year.
In May, crude oil prices oscillated upward and once crossed 80 US dollars. As of May 31, the price was 76.45 US dollars/barrel, up 0.53 US dollars/barrel compared to the end of April.
Third, the growth of crude oil processing volume has slowed down
With some petrochemical enterprises entering the maintenance period, the growth of crude oil processing volume slowed down. In May, the processing volume of crude oil was 50.66 million tons, an increase of 8.2% year-on-year and 3.3% lower than the previous month. The average daily processing capacity was 1.634 million tons, compared with the previous month. Reduced 19,000 tons.
From January to May, crude oil processing volume was 240.78 million tons, an increase of 8.9% over the same period of last year. The growth rate was 0.2% lower than that in the first four months. Among the major refined oil products, gasoline, kerosene and diesel production increased by 6.4%, 14.3% and 2.0 respectively. %.
Fourth, the production of natural gas is stable, and imports maintain rapid growth
In May, natural gas production was 12.62 billion cubic meters, a year-on-year increase of 5.9%, and the growth rate was 0.4% lower than the previous month. The average daily production was 410 million cubic meters.
From January to May, natural gas production reached 65.24 billion cubic meters, a year-on-year increase of 4.3%, and the growth rate was 0.3 percentage points higher than that in the first four months.
In May, imports of natural gas reached 7.41 million tons, a year-on-year increase of 36.7%, maintaining rapid growth. From January to May, imported natural gas reached 34.8 million tons, an increase of 36.4% year-on-year; the ratio of natural gas imports to domestic production increased from 0.64:1 at the end of last year. 0.74:1.
V. Acceleration of electricity production
In May, the national average temperature was 0.8°C above normal, and the average temperatures in Guangdong, Hunan, Jiangxi, and Zhejiang were the highest since 1961, and extreme high-temperature weather occurred in many places. Affected by the significant increase in industrial electricity demand and high temperature, In May, the power generation amounted to 544.33 billion kWh, an increase of 9.8% year-on-year, and the growth rate was 2.9 percentage points higher than the previous month. The average daily power generation was 17.56 billion kWh, an increase of 530 million kWh from the previous month. From January to May, the power generation was commensurate The growth rate was 8.5%. The growth rate was 0.8% faster than that in the January-April period.
The growth rate of thermal power accelerated. In May, thermal power generation increased by 10.3% year-on-year, 3.0 percentage points higher than the previous month, and the growth rate was the highest since August 2017.
The growth of hydropower from negative to positive. In May, the national average precipitation was 69.7 millimeters, 17.3% more than the same period of last year. Due to the increase of inflow of water, hydropower increased sharply, from the 2.6% year-on-year decrease to the increase of 6.9%.
New energy power generation varied. In May, nuclear power increased by 15.1% year-on-year, and the growth rate was 8.6 percentage points higher than the previous month. Wind power was lower than last month due to bad wind conditions, and its growth rate dropped significantly, with a year-on-year increase of 6.7% and a fall of 15.9%. Solar power generation was affected by the decline in sunshine hours, and the growth rate slowed down, with a year-on-year increase of 14.8% and a fall of 11.6%.
Notes
1. Explanation of indicators
Raw coal: Refers to raw coal produced in coal mines that has passed inspection and acceptance of quality standards. That is: Raw coal with the specified particle size of vermiculite (including pyrite, etc.) and absolutely dry ash below 40% is selected from the raw coal. Absolute dry ash Although more than 40%, but approved by the relevant authorities for the exploitation of low-quality coal with consumer demand, should also be included in the raw coal production. Raw coal is divided into anthracite, bituminous coal, brown coal, bituminous coal is divided into coking bituminous coal and general bituminous coal Raw coal does not include stone coal, peat (peat), and coal gangue produced with the raw coal production process.
Average daily product output: Calculated by dividing the total output of industrial enterprises above the designated size announced in the current month by the calendar days of the month.
As the scope of industrial enterprises above designated size changes every year, in order to ensure that this year's data is comparable to the previous year, the same period of time used for calculating the year-on-year growth rate of various indicators of product output is consistent with the scope of enterprise statistics for the current period, and it was announced in the previous year. There is a difference in the data size.
2. Scope of statistics
The statistical data of the production statistics in the report are all industrial enterprises above designated size, and their statistical scope is industrial enterprises with an annual main business income of over 20 million yuan.
3. Survey method
The import data comes from the General Administration of Customs; the temperature data comes from the China Meteorological Administration; the coal price data comes from the Chinese coal market network; the crude oil price data comes from the US Energy Information Administration (EIA).
4. Natural gas unit conversion relationship: 1 ton is approximately equal to 1380 cubic meters.