Industry trend: the Shanghai Composite Index rose 0.80%, the gem index rose 2.93%, and the environmental protection and Public Utilities Index rose 1.21%. Among the environmental protection sectors, the environmental monitoring sector rose 8.00%, and the energy conservation and clean energy utilization sector rose 4.49%; Among the public sector, thermal power sector fell 2.49%, and clean energy power generation sector fell 4.14%.
Key points of this week:
1) public utilities perspective:
Zhejiang province implements the “scenery doubling” project: Recently, Zhejiang Province issued the “implementation opinions of the CPC Zhejiang Provincial Committee and people’s Government on fully and accurately implementing the new development concept and doing a good job in carbon peak carbon neutralization”, pointing out that we should actively develop low-carbon energy, implement the “scenery doubling” project, promote the development mode of “photovoltaic + agriculture, fisheries and forestry” and promote the photovoltaic construction of the whole county, Build several million kilowatt offshore wind power bases, etc. The target is that by 2030, the proportion of non fossil energy consumption will reach about 30%, and the total installed capacity of wind power generation will reach more than 54 million KW. According to the statistics of Fengmang energy, by the end of 2020, the total installed capacity of wind and photovoltaic power in Zhejiang Province was 16.96 million KW. It is expected that the new scale of wind power and photovoltaic power in Zhejiang Province will reach 37.04 million kW in the next decade.
Inner Mongolia issued the 14th five year plan for energy conservation and improved the electricity price policy for high energy consuming industries: Recently, the general office of the people’s Government of Inner Mongolia Autonomous Region issued a notice on the 14th five year plan for energy conservation of the autonomous region, which proposed to strictly implement the punitive electricity price for energy consumption exceeding the quota and the differential electricity price policy for production capacity of elimination, restriction and encouragement, and adjust and expand the step electricity price Implement the scope of differential electricity price and raise the price increase standard. At the same time, we will improve the electricity price policy and power market trading policy for high energy consuming industries, completely cancel the preferential policies for electricity prices in high energy consuming industries, and there will be no restrictions on the rise of market trading electricity prices of high energy consuming enterprises such as steel and electrolytic aluminum.
Twelve departments jointly issued documents to improve the electricity price system: Recently, the national development and Reform Commission, the Ministry of industry and information technology and other 12 departments jointly issued the notice on printing and Distributing Several Policies to promote the steady growth of industrial economy, which pointed out the need to integrate differential electricity price policies such as differential electricity price, step electricity price and punitive electricity price, and establish a unified step electricity price system for high energy consuming industries, There will be no price increase for the power consumption of stock enterprises with energy efficiency reaching the benchmark level and enterprises under construction and planned to be built with energy efficiency reaching the benchmark level. Step tariff will be implemented for enterprises that fail to meet the standard. The price increase will be specially used to support the technological transformation of energy conservation, pollution reduction and carbon reduction of enterprises.
The public sector mainly recommends nuclear power + new energy two wheel drive. Both business sectors have room for both volume and price to rise [ China National Nuclear Power Co.Ltd(601985) ], and projects under construction are high. Offshore wind power projects under construction account for a large proportion in 2021, and the target [ China Three Gorges Renewables (Group) Co.Ltd(600905) ] [ Huaneng Power International Inc(600011) ] has both short-term performance growth and certainty.
2) viewpoint of environmental protection:
The third national soil survey was carried out to promote soil remediation: soil pollution has a great impact on the water environment, residential environment and Shenzhen Agricultural Products Group Co.Ltd(000061) quality, and the treatment of soil environment has attracted much attention. Recently, the State Council issued the notice on carrying out the third national soil survey. The third national soil survey will be carried out from 2022 to 2025. A comprehensive survey will be carried out in four aspects: soil site conditions, soil properties, soil types and utilization status. This census will comprehensively find out the current situation of China’s soil resources, and the results will build a soil survey sample and database, which will help to improve the protection and utilization level of China’s overall soil resources and optimize the layout of agricultural production. Attention has been paid to soil remediation, and it is suggested to pay attention to the subject matter of environmental remediation [ Beijing Geoenviron Engineering & Technology Inc(603588) ] [ Yonker Environmental Protection Co.Ltd(300187) ] [ Bceg Environmental Remediation Co.Ltd(300958) ].
Release of action plan for comprehensive treatment of key sea areas: Recently, the Ministry of ecological environment, the national development and Reform Commission, the Ministry of natural resources and other departments jointly issued the action plan for comprehensive treatment of key sea areas. The Bohai Sea area is dominated by “1 + 12” coastal cities (LED by Tianjin IV), and the waters near the Changjiang Estuary Hangzhou Bay are dominated by “1 + 6” coastal cities (led by Shanghai) The adjacent waters of the Pearl River estuary are mainly managed by six coastal cities (led by Shenzhen). It is required that by 2025, the proportion of excellent water quality in the three key waters will increase by 2 percentage points compared with that in 2020, the sections of major rivers entering the sea will basically eliminate the inferior class V, and the coastal wetlands and coastlines will be effectively protected.
The environmental protection sector focuses on recommending the main business of waste incineration power generation, entering the [ Wangneng Environment Co.Ltd(002034) ] of new energy lithium battery recycling, opening up performance growth space, and actively transforming and distributing the target of resource utilization of distiller’s grains [ Road Environment Technology Co.Ltd(688156) ] Based on the disposal of high water content waste.
Market information tracking:
1) carbon market tracking: this week, the total turnover of the national carbon market carbon emission quota (CEA) was 2151 tons, with a total turnover of 121800 yuan. The weekly trading volume of the listing agreement is 2151 tons, the weekly turnover is 121800 yuan, the highest transaction price is 58.80 yuan / ton, and the lowest transaction price is 50.54 yuan / ton. The closing price on Friday is 56.88 yuan / ton, up 1.30% from last Friday. There is no block deal this week. As of this week, the cumulative trading volume of the national carbon market carbon emission quota (CEA) was 186.7 million tons, with a cumulative turnover of 8.076 billion yuan.
2) natural gas price tracking: China’s LNG price has risen sharply. According to the data released by Zhuo Chuang information, the weekly average transaction price of national LNG ex factory this week was 5895.22 yuan / ton, up 39.07% month on week; Among them, the weekly average ex factory price of the terminal was 6234.56 yuan / ton, up 22.55% from last week; The average weekly transaction price of the factory was 6027.08 yuan / ton, up 30.78% from last week.
3) coal market price tracking: this week’s coal price continued its downward trend last week. According to the data released by the coal resources network, the cci5500 comprehensive price index this week was 795 yuan / ton, down 1 yuan / ton from last week. From the point of origin, Yulin 5800 kcal index was 925 yuan / ton, down 23 yuan / ton from last week; Inner Mongolia Eerduosi Resources Co.Ltd(600295) 5500 kcal index was 766 yuan, down 10 yuan / ton from last week; Datong 5500 kcal index was 920 yuan, down 5 yuan / ton on a weekly basis. With the dual effects of increased supply and policy restrictions, the pit mouth coal price continued its previous downward trend.
Portfolio
\u3000\u3000[ China National Nuclear Power Co.Ltd(601985) ]+[ China Three Gorges Renewables (Group) Co.Ltd(600905) ]+[ Huaneng Power International Inc(600011) ]+[ Road Environment Technology Co.Ltd(688156) ]+[ Wangneng Environment Co.Ltd(002034) ]
Risk tip: the policy promotion is less than expected, the project operation progress is less than expected, the power coal price rises, the water supply of hydropower is less than expected, and the electricity price is at risk of reduction.
