Energy Finance News Review
On September 24th, State Council announced the <<Opinions on the Mixed-Ownership Economy To Be Developed by State owned Enterprise>> and, the <<Opinions>> for the first time defines the “Negative List” over the reformation on mixed-ownership reformation and encourages participation in the mixed-ownership reformation in state-owned enterprise by various kinds of capital.
The State Manufacturing Strong Country Construction Strategic Consulting Commission announced on the 29th in Beijing the <<<China Manufacturing 2025> Key Field Technological Roadmap (2015 Edition) >>, which, circles around the key demands over economical and social development and state security, selects ten advantages and strategic industries to achieve significant breakthrough, and they are new generation information and communication technology industry, high-class numerical control machine and robots, aviation and aerospace equipment, ocean engineering equipment and high technology ships, advanced orbital transportation equipment, energy-saving and new energies automobiles, electric power equipment, agricultural equipment, new material, bio-medicine and high performance medical apparatus, etc. try to reach international leading position or international advanced level by 2025.
On 28th, the data as announced by the Ministry of Finance shows that, from January to August of 2015, the pressure over the economical operations in state-owned enterprises or in the state-controlled enterprises countrywide was still pretty big. And on the one hand, the drop of the profits in state-owned enterprises got expanded. From January to August, the profits in state-owned enterprises fell (-6.6%) 4.3% more over the fall from January to July (-2.3%) , and on the other hand, the profits for local state-owned enterprises has fallen for the first time since this May. And the profits for local state-owned enterprises from January to August fell 1% compared with that of the same time period of last year (grew 3.6% from January to July compared with that of the same time period of last year). And thirdly the industries like steel, coal and ferrous continues to suffer from loss.
Energy Finance Data Analysis
Energy Index is a vane of China energy industry development condition, it includes Energy Composite Index, Oil & Gas Index, Power Index, Coal Index and New Energy Index.
|28- Sept||29- Sept||30- Sept||8- Oct||9- Oct|
|Energy Composite Index||1132.24||1105.55||1106.31||1140.97||1155.70|
|Oil & Gas Index||1060.55||1037.75||1035.41||1065.32||1078.40|
|New Energy Index||2279.04||2216.74||2242.25||2325.44||2374.47|
|28- Sept||29- Sept||30- Sept||8- Oct||9- Oct|
|Shanghai Composite Index||3100.76||3038.14||3052.78||3143.36||3183.15|
|Shenzhen Composite Index||10115.55||9949.92||9988.25||10394.73||10540.19|
|RMB Exchange Rate ($)||6.3729||6.366||6.3613||6.3505||6.3493|
Shanghai and Shenzhen Composite Index of A Week
Coal & Power
Coal & Power News Review
Wang Zhixuan, secretariat of China Power Enterprise Association expressed recently that, the growth of power consumption in whole society has slowed down significantly in recent years, and has been changing from high speed to medium speed and even low speed and, it is predicted the fall shall be down to around 2% in 2015, which shall be the lowest level since 1998 when the growth rate was 2.8%.
It is learned that quite a few new issues have occurred in the development of Chinese power industry, such as low growth rate for power demands compare with economical development rate, incongruous development between power sources and power grid, and very severe imbalance in partial region, etc. Therefore, he suggests to start from optimizing Chinese energy system, better the energy and power development planning for the “Thirteenth Five-Year Plan”, gradually better smart grid and effectively inhibiting blind construction of power sources and, besides, gradually build the new system over power energy-saving and emission reduction featured by lower carbon.
New change has taken placed in power structure too, and the power consumption in second industry has fallen continuously, from 75% in 2011 down to 73.6% in 2014, and fell 0.7% from January to August compared with that of the same time period of last year; the power consumption in third industry has been risen continuously, and the share has risen to 12.6% in 2014 from the 10.9% in 2011, for instance, it rose 7.5% from the January to August of this year compared with that of the same time period of last year.
In the meantime, the share for non-fossil energy power generation has risen continuously. As of the end of 2014, the share for non-fossil energy power generation reached 33.3%, and the power generations reached 25.6%, created record high. As of the end of July, 2015, the interconnected wind power generations reached 106.53 million KW, and the interconnected solar power generations exceeded 30 million KW, while coal-fired power generation has seen negative growth for 12 months continuously, however, the cleanliness of coal-fired power generations has been improved compare with that in the past.
Coal & Power Data Analysis
Bohai Thermal Coal Price Index (BSPI) (Unit: yuan / ton).
Published：Sept 30, 2015
Oil & Gas
Oil & Gas News Review
The officials from Iranian Ministry of Oil claimed on October 6th that Iran would start more than fifty new petroleum survey and exploration projects within a few years from now on and expect to sign multiplex big orders with world energy giants.
The New York future oil price rose for more than 3% at closing on October 8th, and the price exceeded 50 US Dollar per barrel, the critical impeding position in short moment during transaction and, this was the first time the oil price in U.S. touched this level since July.
Fatih Birol, Chief Secretary of International Energy Agency (IEA) expressed most recently that it is estimated the global oil investments in this year shall be 20% less than that for last year, and shall be the largest fall in history. In addition, the minister of Indonesian Ministry of Energy expressed recently that Indonesia would become a para-member at IEA together with China and Mexico during the upcoming conference in Paris in this November.
According to the news from Bloomberg, Saudi-American, the world largest oil export enterprise has retained Deutch Bank to provide consultancy to the marketing, wholesales, and refinery assets it may acquire in from China Petroleum Group and, the transaction may worth multi-billion US Dollars.
The Russian <<Independence Newspaper>> recently carried an article which claimed that the demand from Europe and China to Russian natural gas had fallen, while the demands inside Russia had barely increased. Given the over-capacity in exploration and transmission, developing new gas field and constructing new pipelines may mean to risk wasting funds for nothing.
Most recently, multiplex places including the local cities in Shandong province, Beijing, and Guangdong are preparing hearing for tiered gas price. In the meantime, according to the price adjustment plan or tiered gas price from various places, the interlocking mechanism between the natural gas price in upper-stream and downstream may be implemented.
Oil & Gas Data Analysis
|Commodity||Original price of the beginning of the week (Yuan)||Price at the end of the week (Yuan)||Change|
Major energy commodity price(10.5-10.9) (Unit: Yuan)
New Energy News Review
National Energy Administration (“NEA”)announced on September 28th <<The Notice On Adjusting and Increasing Construction Scale for Photovoltaic Power Stations in 2015 in Certain Regions>>, requiring to increase the countrywide photovoltaic construction scale by 5.3 million KW. The notice requires that, by principle, construction for all the projects should be commenced in 2015 and be built and interconnected for power generation before June 30th, 2016.
NEA formally issued on September 30th <<The Notice On Organizing Construction On the Pilot Project of Solar Power Generation>> and demanded each party to complete application over solar-thermal pilot project before the end of October. The <<Notice>> requires the pilot projects be mainly constructed with three technological routes including trough type heat conduction oil, tower water quality, and tower molten salt and, the minimum installed capacity to be applied shall be no less than 50 MW, and the total scale is estimated to be more than 1 GW.
James Watson, CEO of “Solar Power Europe” disclosed recently that the European Union is preparing constructing an advanced photovoltaic manufacturing facility with million KW. The plan proposed by European Union for the construction of the photovoltaic manufacturing facility may create 1200 jobs.
It is learned from Shanxi Provincial Power Company that, on September 25th, the maximum load of the photovoltaic power generation in Shanxi Grid reached 443 thousand KW and the daily power generations was 3.25 million KW, created record high.
It was proposed on the executive conference of State Council held on September 29th that, to support development of new energies automobile and to stimulate sales for small emission vehicles, each place shall not limit purchase of new energies automobiles, and that the limitation already exercised should be cancelled and, in the meantime, the vehicle procurement tax for procuring the passenger vehicles with or below 1.6 L shall be reduced by half.
The Administration Department of State Council announced on October 9 the guiding opinions over accelerating construction for the infrastructural power charging facilities for electric-driven automobiles. According to the requirements contained in the Opinions, by 2020, basically complete the power-charging infrastructural facility that is suitably advanced, paired with vehicle and charging poles, and with smart and highly efficiency to meet the power-charging demands to be posed by more than 5 million electric-driven automobiles; and complete building perfect standards and specification and market supervision system to form up a unified and opened-up power-charging service market with orderly competition.
New Energy Data Analysis
|Polysilicon(156mm x 156mm)||0.84||0.81||0.826||0.12%|
(156mm x 156mm)
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