[focus today]
Recently, the comprehensive work plan for energy conservation and emission reduction in the 14th five year plan issued by the State Council proposed that by 2025, the energy consumption per unit of China’s GDP will be 13.5% lower than that in 2020, the total energy consumption will be reasonably controlled, and the total emissions of chemical oxygen demand, ammonia nitrogen, nitrogen oxides and volatile organic compounds will be 8%, 8%, 10% and 10% lower than that in 2020 respectively. Energy conservation and emission reduction policies and mechanisms have been improved, the energy efficiency of key industries and the emission control level of major pollutants have basically reached the international advanced level, and remarkable achievements have been made in the green transformation of economic and social development.
National Energy Administration: in 2021, the newly installed capacity of wind power photovoltaic power generation in China will exceed 100 million KW
the incremental installed capacity of household photovoltaic in Shandong is the “double first” in China
China Petroleum & Chemical Corporation(600028) the cumulative gas production of Yuanba gas field exceeds 20 billion m3
crude oil: international oil prices fell on the 21st due to profit taking by investors and overall pressure on market sentiment. As of the closing of the day, the price of light crude oil futures for March 2022 delivery on the New York Mercantile Exchange fell by US $0.41 to US $85.14 a barrel, a decrease of 0.48%. London Brent crude oil futures for delivery in March 2022 fell US $0.49, or 0.55%, to US $87.89 a barrel
Chart: international crude oil futures price trend (unit: USD / barrel)
refined oil: China’s wholesale prices of gasoline and diesel showed that on January 24, China’s wholesale prices of gasoline and diesel “rose and fell”. The average wholesale price of national 92# gasoline was 8346 yuan / ton, up 15 yuan / ton from the 21st; The average wholesale price of diesel (including low freezing point) was 7606 yuan / ton, down 7 yuan / ton from the 21st. In terms of the overall market situation of the day, the international oil price fell significantly on the 21st, and China’s refined oil market fluctuated in a narrow range. With the advent of the Spring Festival holiday, the demand for gasoline and diesel varies, and China’s main units rise and fall
Chart: change rate of package crude oil price in this cycle
coal: coal supply is tightened and the downstream inventory is sufficient. In terms of producing areas, the number of coal mines in Yulin has increased, the coal supply in the region has tightened, and the coal supply in Inner Mongolia Eerduosi Resources Co.Ltd(600295) region has tightened slightly. In terms of ports, there are few inquiries in the market. The replenishment of downstream warehouses is basically over before the Spring Festival. The quotation of traders is still rising, but the actual transaction is difficult. On January 25, the coal inventory of Qinhuangdao port was 4.1 million tons, an increase of 10000 tons over the previous day
Chart: Qinhuangdao Port coal inventory (unit: 10000 tons)
[highlights perspective]
National Energy Administration: in 2021, the installed capacity of wind power photovoltaic power generation in China will exceed 100 million KW. According to the data released by the National Energy Administration on the 25th, the newly installed capacity of wind power and photovoltaic power generation in China reached 101 million kW in 2021, including 47.57 million kw of wind power and 52.97 million kw of photovoltaic power. Among them, in 2021, offshore wind power suddenly rose, with an additional installed capacity of 16.9 million KW, 1.8 times the total installed capacity previously. At present, the cumulative installed capacity has reached 26.38 million KW, ranking first in the world.
the incremental scale of household photovoltaic installed capacity in Shandong is “double first” in China. recently, State Grid Shandong electric power company announced the latest data of household photovoltaic installed capacity in the province in 2021. In 2021, Shandong’s household photovoltaic installed capacity increased by 7.63 million kW in the whole year, and the total installed capacity reached 15.93 million KW, with a year-on-year increase of 91.9%. The installed capacity increment and scale were “double first” in China.
Sinopec Yuanba gas field has produced more than 20 billion cubic meters of gas. according to the news from the China Petroleum & Chemical Corporation(600028) information office, as of January 26, Yuanba gas field, the world’s first sulfur-containing reef atmospheric field with a buried depth of more than 7000 meters, has produced 20 billion cubic meters of natural gas since it was put into operation in December 2014. The high-efficiency green development technology formed by the innovation of the gas field has reached the international advanced level as a whole and some have reached the international leading level.
[intelligence overview]
Recently, it was learned from Tianjin Customs that in 2021, Tianjin customs supervised the import of LNG up to 11.68 million tons.
According to the statistics of Longzhong information, the total oil supply of China’s bonded ships in 2021 was 20.66 million tons, a year-on-year increase of 22.5%. Singapore, the world’s largest ship refueling market, delivered 49.988 million tons of oil in 2021, a year-on-year increase of about 0.3%.
In 2021, the total electricity consumption of Sichuan Province was 327481 million kwh, with a year-on-year increase of 14.30%, and the growth rate increased by 5.6 percentage points over the same period of last year. In 2021, Sichuan will fully absorb the scenery, and the utilization rate of hydropower will reach 96.6%, rising for three consecutive years, the best level since the 13th five year plan.
On the 24th, the real-time LNG import arrival data released by China’s natural gas information terminal (E-Gas system) showed that in the week from January 17 to January 23, China imported 18 LNG ships through coastal LNG terminals, with an import volume of about 1.08 million tons, a decrease of 34.54% compared with the previous value.
On January 24, the National Energy Group officially released the “mixed ammonia combustion technology for coal-fired boilers”. This achievement has successfully passed the technical review organized by China Electrical Engineering Society, Petrochina Company Limited(601857) and the Chemical Industry Federation, and achieved the pilot test certificate of 35% ammonia mixed combustion ratio of 40 MW coal-fired boiler for the first time in the world.
