Energy production in December 2021
Except for coal and gas, the power generation of major energy products decreased year-on-year in December 2021. In 2021, the production of raw coal, crude oil and electricity accelerated over the previous year, and the growth rate of natural gas production slowed down.
1、 Raw coal, crude oil and natural gas production and related information
Raw coal production continued to accelerate, and imports changed from increase to decrease. With the continuous promotion of the policy of increasing production and ensuring supply, 380 million tons of raw coal were produced in December, an increase of 7.2% year-on-year. The growth rate was 2.6 percentage points higher than that of the previous month, an increase of 10.7% over the same period in 2019, an average increase of 5.2% in two years, and an average daily output of 12.41 million tons; 30.95 million tons of coal were imported, a year-on-year decrease of 20.8%.
In 2021, 4.07 billion tons of raw coal were produced, an increase of 4.7% over the previous year, an increase of 5.6% over 2019, and an average increase of 2.8% over the two years; 320 million tons of coal were imported, an increase of 6.6% over the previous year.
Coal prices fell. On December 31, the comprehensive transaction prices of 5500 kcal, 5000 kcal and 4500 kcal thermal coal in Qinhuangdao Port were 773 yuan, 692 yuan and 584 yuan per ton respectively, down 213 yuan, 199 yuan and 208 yuan respectively from November 26.
The growth rate of crude oil production fell slightly, and the processing volume changed from increase to decrease. In December, it produced 16.47 million tons of crude oil, an increase of 1.7% year-on-year, a slowdown of 1.0 percentage points over the previous month, an increase of 2.6% over the same period in 2019, an average increase of 1.3% over the two years, and an average daily output of 531000 tons; 58.73 million tons of crude oil were processed, a year-on-year decrease of 2.1%, an increase of 2.2% last month, a decrease of 0.1% over the same period in 2019, an average decrease of 0.1% in two years, and an average daily processing of 1.895 million tons.
In 2021, 198.98 million tons of crude oil were produced, an increase of 2.4% over the previous year, 4.0% over 2019, and an average increase of 2.0% over the two years; 703.55 million tons of crude oil were processed, an increase of 4.3% over the previous year, an increase of 7.4% over 2019, and an average increase of 3.6% over the two years.
Crude oil imports have changed from decline to increase, and international crude oil prices have risen. In December, 46.14 million tons of crude oil were imported, with a year-on-year increase of 19.9% and a decrease of 8.0% last month; In 2021, 512.98 million tons of crude oil were imported, a decrease of 5.4% over the previous year. On December 31, the spot FOB price of Brent crude oil was US $77.24/barrel, up 9.0% from US $70.86/barrel on November 30.
Natural gas production slowed. In December, the production of natural gas was 19.2 billion cubic meters, a year-on-year increase of 2.3%, a slowdown of 2.1 percentage points over the previous month, an increase of 16.4% over the same period in 2019, an average increase of 7.9% over the two years, and an average daily output of 620 million cubic meters.
In 2021, 205.3 billion cubic meters of natural gas will be produced, an increase of 8.2% over the previous year, an increase of 18.8% over 2019, and an average increase of 9.0% over the two years.
The growth rate of natural gas imports fell. In December, the imported natural gas was 11.65 million tons, with a year-on-year increase of 3.8%, and the growth rate was 14.0 percentage points lower than that of the previous month. In 2021, 121.36 million tons of natural gas were imported, an increase of 19.9% over the previous year.
2、 Power production
Electricity production fell year-on-year. In December, the power generation was 723.4 billion kwh, a year-on-year decrease of 2.1%, an increase of 0.2% last month, an increase of 6.8% over the same period in 2019, an average increase of 3.4% in two years, and an average daily power generation of 23.33 billion kwh. In 2021, 8112.2 billion kwh of power generation was generated, an increase of 8.1% over the previous year, an increase of 11.0% over 2019, and an average increase of 5.4% over the two years.
In terms of varieties, in December, the decline of thermal power and hydropower increased compared with the previous month, the growth rate of wind power and nuclear power accelerated, and the growth rate of solar power slowed down. Among them, thermal power decreased by 4.9% year-on-year, with a decrease of 2.4 percentage points over the previous month, with an average increase of 1.9% in two years; Hydropower decreased by 6.8%, and the decline expanded by 4.9 percentage points, with an average increase of 1.9% in the two years; Wind power increased by 30.1%, 2.4 percentage points faster than the previous month, with an average growth of 18.0% in the two years; Nuclear power increased by 5.7%, 1.6 percentage points faster than the previous month, with an average growth of 5.9% in the two years; Solar power generation increased by 18.8%, 3.9 percentage points slower than the previous month, with an average growth of 13.8% in the two years.
1. Index Interpretation
Average daily product output: it is calculated by dividing the total output of Industrial Enterprises above Designated Size published in the current month by the calendar days of the month.
2. Statistical scope
The statistical caliber of output data in the report is industries above Designated Size, and its statistical scope is industrial enterprises with annual main business income of 20 million yuan or more.
As the range of Industrial Enterprises above Designated Size changes every year, in order to ensure that the data of this year are comparable with that of the previous year, the number of the same period used to calculate the year-on-year growth rate of various indicators such as product output is consistent with the statistical range of enterprises in this period, and there is a caliber difference from the data published last year.
3. Data sources
The import data comes from the General Administration of customs, of which the data in December is the express data; Coal price data comes from China coal market network; Crude oil price data are from the US Energy Information Administration (EIA).
4. Unit conversion relationship of natural gas: 1 ton is about 1380 cubic meters.
5. The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number in the same period in 2019.
