Production of raw coal, crude oil and natural gas of industries above designated size maintained a steady growth, electric power production significantly accelerated in November

SHANGHAI, Dec 16 (SMM)—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.