Source: National Bureau of Statistics of China
In November, the production of raw coal, crude oil and natural gas of industries above designated size maintained a steady growth, and electric power production was significantly accelerated.
I. Raw Coal, Crude Oil and Natural Gas Production and Relevant Information
The production of raw coal was slightly accelerated. In November, 350 million tons of raw coal were produced, with a year-on-year increase of 1.5 percent, 0.1 percentage point faster than that of the previous month; the daily output was 11.58 million tons, with an increase of 0.72 million tons on a month-on-month basis. From January to November, 3.48 billion tons of raw coal was produced, with a year-on-year increase of 0.4 percent.
The decline in coal imports narrowed. In November, the import of coal was 11.67 million tons, a decrease of 2.06 million tons on a month-on-month basis, a year-on-year decrease of 43.8 percent, and a decrease rate of 2.5 percentage points narrower. From January to November, the import of coal was 260 million tons, a year-on-year decrease of 10.8 percent.
Port coal comprehensive trading price rose. On November 27, the comprehensive trading prices of 5500, 5000 and 4500 kcal steam coal in Qinhuangdao Port were 586, 533 and 474 yuan per ton, respectively, which were 11, 10 and 10 yuan higher than those on October 30.
The growth rate of crude oil production fell slightly. In November, 15.96 million tons of crude oil were produced, with a year-on-year increase of 1.2 percent, and the growth rate was 0.2 percentage point lower than that of the previous month; the daily output was 532 thousand tons, with an increase of 3000 tons on a month-on-month basis. Processing crude oil was 58.35 million tons, an increase of 3.2 percent, 0.6 percentage point faster than the previous month. From January to November, 180 million tons of crude oil were produced, with a year-on-year increase of 1.6 percent; and 610 million tons of crude oil were processed, an increase of 3.1 percent.
The decline of crude oil import narrowed and the international crude oil price rose. Imported crude oil was 45.36 million tons, an increase of 2.8 million tons on a month-on-month basis, a year-on-year decrease of 0.8 percent, and a decrease rate of 5.6 percentage points lower compared with the previous month; from January to November, the import of crude oil was 500 million tons, with a year-on-year increase of 9.5 percent. On November 30, the spot FOB price of Brent crude oil was 46.84 USD per barrel, up 28.9 percent from 36.33 USD per barrel on October 30.
Natural gas continued to grow rapidly. In November, the production of natural gas was 16.9 billion cubic meters, an increase of 11.8 percent year-on-year, 0.1 percentage point lower than that of the previous month; the daily output of natural gas was 560 million cubic meters, an increase of 30 million cubic meters on a month on month basis. From January to November, 170.2 billion cubic meters of natural gas were produced, with a year-on-year increase of 9.3 percent.
The import of natural gas changed from increase to decrease. In November, 9.18 million tons of natural gas were imported, a year-on-year decrease of 3.0 percent, which was an increase of 16.1 percent in last month. From January to November, 90.44 million tons of natural gas were imported, up 3.9 percent year on year.
II. Electric Power Production
Electric power production has been significantly accelerated. In November, the power generation was 641.9 billion kwh, an increase of 6.8 percent year-on-year, 2.2 percentage points faster than that of the previous month; the average daily power generation was 21.4 billion kwh, with a month on month increase of 1.74 billion kwh. From January to November, power generation reached 6,682.4 billion kwh, up 2.0 percent year on year.
In terms of varieties, in November, the growth rate of thermal power changed from negative to positive, the growth rate of hydropower, wind power and solar power decreased, and the decline rate of nuclear power slightly expanded. Among them, thermal power increased by 6.6 percent year-on-year, which was a decrease of 1.5 percent in last month; hydropower increased by 11.3 percent, decreased by 14.1 percentage points compared with the previous month; wind power increased by 5.9 percent, decreased by 8.8 percentage points; solar power increased by 5.3 percent, decreased by 2.8 percentage points; nuclear power decreased by 0.8 percent, with a decrease rate of 0.5 percentage point higher.
1. Explanatory Notes
Average daily product output: It is calculated by dividing the total output of Industrial Enterprises above the designated size announced in that month by the calendar days of that month.
2. Statistical Coverage
The statistical caliber of the output data in the report is above the designated size of industry, and the statistical scope is industrial enterprises with annual main business income of more than 20 million yuan.
Because the scope of Industrial Enterprises above the designated size changes every year, in order to ensure that this year’s data is comparable with the previous year’s, the same period used to calculate the growth rate of various indicators such as product output is consistent with the statistical scope of enterprises in this period, and there is a caliber difference between the data released last year.
3. Data Source
Import data comes from the General Administration of Customs, of which January and February data are express data; coal price data comes from China Coal Market Network; crude oil price data comes from the United States Energy Information Agency (EIA).
4. Conversion relationship of natural gas units: 1 ton is equal to 1380 cubic meters.