National Bureau of Statistics: Rapid Growth of Raw Coal Production in July and Increase of Coal Imports

category:Finance
 National Bureau of Statistics: Rapid Growth of Raw Coal Production in July and Increase of Coal Imports


In July, 32.89 million tons of coal were imported, an increase of 13.4% over the previous month, an increase of 57.9 million tons; in January-July, 187.36 million tons of coal were imported, an increase of 7.0%.

Coal prices fell slightly. On August 2, the comprehensive trading price of Qinhuangdao 5500 cards coal was 577 yuan per ton, 511 yuan per ton for 5000 cards and 454 yuan per ton for 4500 cards, down 3 yuan, 2 yuan and 3 yuan respectively from June 28.

2. Speeding up crude oil production and steadily increasing imports

In July, 16.29 million tons of crude oil were produced, an increase of 2.5% year on year, an increase of 1.5 percentage points faster than that of last month; the average daily output was 525,000 tons, a decrease of 12,000 tons. From January to July, 11.13 million tons of crude oil were produced, an increase of 1.0% over the same period last year.

In July, 41.04 million tons of crude oil were imported, up 13.9% year-on-year, an increase of 1.46 million tons over the previous month. From January to July, imported crude oil was 285.64 million tons, an increase of 9.5% over the same period last year.

International crude oil prices have tumbled. The spot FOB price of Brent crude oil on July 31 was $64.1 per barrel, down $3.5 from June 28.

3. The growth rate of crude oil processing has fallen and the daily average processing volume has decreased.

In July, 52.6 million tons of crude oil were processed, an increase of 4.0% over the same period last year, a decrease of 3.7 percentage points over the previous month, and an average of 1.697 million tons of crude oil were processed daily, a decrease of 93,000 tons over the previous month. From January to July, 369.73 million tons of crude oil were processed, an increase of 5.6% over the same period last year.

4. Natural gas production slowed down and imports accelerated

In July, the production of natural gas was 13.9 billion cubic meters, up 6.1% year-on-year, a drop of 7.0 percentage points from last month; the average daily output was 450 million cubic meters, a decrease of 0.1 billion cubic meters from last month. From January to July, 10.3 billion cubic meters of natural gas were produced, an increase of 9.7% over the same period last year.

In July, 7.89 million tons of natural gas were imported, an increase of 7.0% over the previous month, an increase of 370,000 tons; in January-July, 54.74 million tons of natural gas were imported, an increase of 10.8%.

5. Electricity production has slowed down and nuclear and solar power generation has accelerated

Note appended

Raw coal: refers to the raw coal produced by a coal mine that has been checked and accepted and meets the quality standards. That is to say, gangue with specified size (including pyrite and other impurities) is selected from coal and raw coal with absolute dry ash content below 40%. Although the absolute dry ash content is over 40%, the inferior coal which has been mined with the approval of the relevant departments and has consumption demand should also be included in the output of raw coal. Raw coal is divided into anthracite, bituminous coal and lignite. In bituminous coal, it is divided into coking bituminous coal and general bituminous coal. Raw coal does not include stone coal, peat (peat) and gangue mined with the production process of raw coal.

Average daily product output: It is calculated by dividing the total output of Industrial Enterprises above the scale announced in that month by the calendar days of that month.

The statistical caliber of the output data in the report is above the scale 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 scale changes every year, in order to ensure that this years data is comparable with the previous years, 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 published last year. 3. The import data of survey methods come from the General Administration of Customs, in which July data is the express data; coal price data comes from China Coal Market Network; crude oil price data comes from the U.S. Energy Information Agency (EIA). 4. Conversion relationship of natural gas units: 1 ton is equal to 1380 cubic meters. Source: Responsible Editor of the National Bureau of Statistics: Han Yukun_NBJ11142

The statistical caliber of the output data in the report is above the scale 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 scale changes every year, in order to ensure that this years data is comparable with the previous years, 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 published last year.

3. Investigation methods

Import data comes from the General Administration of Customs, of which July data is express data; coal price data comes from China Coal Market Network; crude oil price data comes from the United States Energy Information Agency (EIA).