[focus today]
Recently, in view of the obvious inconsistency between the coal price released by some institutions and the actual level of the current market coal price, the national development and Reform Commission organized relevant local government departments, coal enterprises, ports and coal price information institutions to hold meetings to compare and verify the price sampling information one by one. After verification, it is confirmed that some price samples mainly have the following problems: first, the source of information is untrue. The sampling source enterprises of port coal prices released by some information institutions have not established accounts in the port, and some coal varieties with published prices have not been sold and traded in the port. Second, it did not sample according to the actual transaction price. Some information institutions only took the falsely high quotation of traders as the sampling basis, and did not verify and confirm the actual transaction situation and transaction price. Third, the price sampling information lags behind. Among the sampling sources of some information institutions, the high price of discontinued coal mines before shutdown is still used as the sampling source, and the sampling information is seriously delayed and untrue.
2021 development review and 2022 situation outlook online discussion held
Russia will sign a 100 million ton coal supply agreement with China
major oil field “oil companies” of PetroChina focus on core business
crude oil : as the tension between Russia and Ukraine has not directly affected Russia’s oil and gas exports, the price of crude oil futures in New York rose slightly on the 23rd, and the price of Brent crude oil futures closed flat. As of the close of the day, the price of light crude oil futures for April delivery on the New York Mercantile Exchange rose US $0.19 to US $92.10 a barrel, or 0.21%. London Brent crude oil futures for April delivery closed at US $96.84 a barrel, unchanged from the closing price of the previous trading day.
Chart: international crude oil futures price trend (unit: USD / barrel)
refined oil: China’s wholesale prices of gasoline and diesel showed that China’s wholesale prices of gasoline and diesel rose on February 23. The average wholesale price of national 92# gasoline was 9456 yuan / ton, up 23 yuan / ton from the previous day; The average wholesale price of diesel (including low pour point) was 7899 yuan / ton, up 21 yuan / ton from the previous day. In terms of the overall market situation of the day, the international oil price rose significantly on the 22nd, which formed a certain support. China’s gasoline and diesel market continued to rise, but the downstream demand was limited, and the market purchase and sales atmosphere was slightly flat.
Chart: change rate of package crude oil price in this cycle
coal: in terms of origin, Yulin coal sales are good, Inner Mongolia Eerduosi Resources Co.Ltd(600295) coal shipments are good, and the daily sales volume of coal roads is maintained at about 1.82 million tons. In terms of ports, the shipping profit recovered, the railway traffic volume increased, and the import and export operation volume of the main ports around the Bohai Sea was relatively balanced. On February 24, the coal inventory of Qinhuangdao port was 4.9 million tons, no increase or decrease compared with the previous day.
Chart: coal inventory of Qinhuangdao port (unit: 10000 tons)
[highlights perspective]
From 2022 to 2025, the average annual installed capacity of PV in China may exceed 83gw Recently, the online discussion on 2021 development review and 2022 situation outlook was held. Participants predicted that from 2022 to 2025, the average annual new installed capacity of global PV will reach 232-286gw and that of China will reach 83-99gw Driven by the huge reserves of photovoltaic power generation projects in China, the installed capacity of photovoltaic power generation may increase by 75-90gw in 2022.
Russia will sign a 100 million ton coal supply agreement with China. Sergei mokharnikov, director of the Department of foreign economic cooperation and fuel market development of the Russian Ministry of energy, announced that Russia and China are formulating an agreement on the supply of 100 million tons of coal. Due to the reduction of global coal supply, the prospect of Russian coal export is very good. In the past 5-6 years, the Asia Pacific market has always been Russia’s priority export destination. By 2030, Russia should have a place in this growing market.
Major oil field “oil companies” of PetroChina focus on core business. Recently, Petrochina Company Limited(601857) China’s exploration and production business 2022 working conference was held in Beijing. Clarify the reform direction of “refocusing the main business, flattening the organization, specialization of auxiliary business, marketization of operation mechanism and digitization of production management”, and make every effort to build a new “oil company” to help the high-quality development of oil and gas enterprises.
[intelligence overview]
German energy giant RWE and India’s Tata power recently announced a cooperation to focus on the development of offshore wind power projects in India.
South Africa has released a roadmap for a hydrogen society that outlines a series of key milestones for the four initial projects to be met. From pilot scale hydrogen production, heavy transportation and fixed power generation (2021-2024) to the end of this decade, several gigawatts of electrolytic capacity will be installed and operated, and hydrogen and ammonia will be used for turbines for utility scale power generation. By 2040, the electrolytic capacity will reach at least 15 million KW, and the whole door coupling of transportation, power and key industrial processes (steel, chemical industry, etc.) will be realized.
Recently, the people’s Government of Henan Province issued the “14th five year plan” for modern energy system and carbon peaking and carbon neutralization in Henan Province. By 2025, more than 50% of the province’s energy consumption increment will be met by non fossil energy, the energy security guarantee capacity will be greatly improved, the energy production and consumption structure will be continuously optimized, the energy system and mechanism will be more perfect, clean and low-carbon Significant progress has been made in the construction of a safe and efficient modern energy system, laying a solid foundation for the province’s carbon peak and high-quality development.
As of February 22, Changqing Oilfield has produced 3.7501 million tons of crude oil and 7.857 billion cubic meters of natural gas this year, realizing 10.0107 million tons of oil and gas equivalent. It exceeded 10 million tons three days ahead of last year, once again breaking the fastest record of realizing 10 million tons of oil and gas equivalent in Changqing Oilfield, demonstrating the “Changqing speed” in ensuring national energy security.
Trina Solar Co.Ltd(688599) signed a strategic cooperation agreement with the state power investment. The two sides will carry out business cooperation in the fields of new energy projects, county and key customer development, joint technological innovation, power purchase and sale and power services, international and finance, so as to jointly promote the development of new energy industry.
