Sichuan caizhou viewpoint
Stabilize the price and ensure supply, and the coal price is expected to return to a reasonable range. Recently, the coal price fluctuated sharply. The national development and Reform Commission and the National Energy Administration jointly organized the Shanxi, Shaanxi and Inner Mongolia coal authorities, some port enterprises and coal price index institutions to hold a meeting to analyze the current coal market price, study and standardize the sampling and release of coal price index and stabilize the market coal price, and make arrangements for further ensuring the supply and price stability of coal. Recently, the state has held many meetings to emphasize the supervision of coal prices, which reflects the state’s determination to stabilize prices and ensure supply. With the implementation of the work, coal prices are expected to stabilize and fall, and the profits of the power industry are expected to be further repaired.
The prices of photovoltaic related raw materials and modules continue to rise, and the demand of photovoltaic industry is strong. According to Ifind data, as of February 23, 2022, the average spot price of polysilicon material (dense material) was 242 yuan / kg, up 5.22% from the beginning of January; The average spot price of polysilicon (diamond wire) was 2.28 yuan / piece, up 22.58% from the beginning of January. In 2021, China’s new installed capacity of photovoltaic power generation reached 54.88gw, including 29.28gw of distributed photovoltaic power generation, accounting for about 53% of the total new installed capacity of photovoltaic power generation. China Photovoltaic Industry Association said that the new installed capacity of photovoltaic in 2022 is about 75gw-90gw, which means that the new installed capacity of photovoltaic in 2022 is expected to grow by 39% to 67%. Under the requirements of the 14th five year plan for the installed capacity of new energy, the demand for photovoltaic will continue to release, the price of silicon material still has room to rise, and the upstream raw material industry of new energy is expected to benefit.
Market performance in one week
This week, the power industry index rose 1.62%, the Shanghai index fell 1.08%, and the Shanghai and Shenzhen 300 index fell 1.70%. Among the sub sectors, the thermal power index rose by 1.56%, the hydropower index fell by 1.02%, the photovoltaic power index rose by 5.46% and the wind power index rose by 4.80%.
Industry dynamics
The fifth session of the 13th people’s Congress of Hebei Province was held and issued the 2022 government work report: the report proposed to steadily and orderly promote carbon peaking and carbon neutralization. We will accelerate the adjustment of industrial, energy and transportation structures, curb the blind development of “two high” projects, and promote the transformation from “dual control” of energy consumption to “dual control” of total carbon emission and intensity. We will strengthen the clean and efficient use of coal, actively develop wind power, photovoltaic and hydrogen energy, and increase the installed capacity of renewable energy by 8 million kilowatts.
Company announcement
Tbea Co.Ltd(600089) ( Tbea Co.Ltd(600089) ): the holding company Tbea Co.Ltd(600089) Xinjiang new energy Co., Ltd., the people’s Government of Hongdong county and Shanxi Huaxiang Group Co.Ltd(603112) signed the investment framework agreement for 1GW photovoltaic power generation and supporting projects in Hongdong County, Linfen City, Shanxi Province, with a total investment of 4.3 billion yuan.
Risk tips: the epidemic situation fluctuates beyond expectations and the price of raw materials fluctuates sharply.
