China Energy Research Institute's Energy Policy Research Center released the "Energy Economic Situation Analysis and Outlook (2010-2011)" on the 25th. The report judged that due to multiple factors such as the international coal price increase transmission and the ineffective effect of the coal industry's national limit order, the coal supply and demand situation in 2011 was tight and loose before the market, and the market price was bullish. The actual execution price of key coal contracts in 2011 will increase by RMB 30/t on the basis of last year. If the electricity price cannot be effectively channelled at the time, thermal power companies may face further losses.
The coal market price bullish report focused on the issue of coal prices. It believes that the coal supply and demand situation this year is tight and loose before the market and the market price is bullish. One reason is that the national energy-saving emission reduction efforts may be loosened, which will lead to an increase in coal demand. Second, the rise in international coal prices will also push up domestic coal prices. With the gradual recovery of the world economy, energy demand is also gradually recovering. In particular, the continued strong demand for coal in emerging markets in Asia will promote the gradual increase in international coal prices.
According to the data, the Japanese coal power supply was insufficient in January, and the coal price purchased recently for January delivery exceeded 120 US dollars/ton. In February, coal prices were as high as $127/ton. In addition, the quantitative easing of monetary policy in the United States will lead to a depreciation of the US dollar, which will lead to an increase in the import price of coal denominated in US dollars, which will further reduce the import demand for coal and push up domestic prices. As soon as the Australian resource tax, which will begin to increase revenue in July 2012, will form the final plan, this increase in coal prices, which is aimed at cost transfer, may come earlier.
The report predicts that it may start to produce effects in the second half of 2011. The international coal price may exceed the expected increase in 2011-2012, but under the background that China's imports remain high, the rise in international coal prices can be easily transmitted to the domestic market.
On the supply side, the further advancement of coal enterprise restructuring and the elimination of backward production capacity will further slow the increase in coal production capacity. Judging from the current situation, the coal supply and demand situation in the first quarter will be tight. The tight supply of coal in the first quarter was due to two quarters. In the first quarter, it was the beginning of the “12th Five-Year Planâ€. Coal for industrial use will increase, but water and wind energy have failed to keep pace, and the tense situation in coal transportation has also increased. Can't get relief. In addition, in the first quarter of the year, “dry seasonâ€, with less rain in the south, and insufficient hydropower, were the unfavorable factors that caused the shortage of coal.
The loss of thermal power or expansion due to the large upward pressure on the price of coal, power companies may increase losses. The report believes that although the National Development and Reform Commission has explicitly requested that the price of key coal contracts in 2011 be maintained at the level of the previous year, it must not disguise the price in any form. However, under the condition that the coal industry has gradually become market-oriented, the effect of the national limit order in the coal industry is not obvious.
For example, in June and August 2008, the National Development and Reform Commission once limited the sale price of coal for two consecutive times until the lifting of the coal price limit order in January 2009. From the effect point of view, these two price limits did not restrain the rise in coal prices. Because the current market price is relatively high, selling to the market is more profitable than selling to contract power companies. Therefore, coal companies often reduce the supply of key contract coal by production and safety reasons, so that power generation companies can only purchase high-priced market coal. In addition, under the price restrictions, the quality of coal that coal companies supply to power companies cannot be guaranteed.
The report judged that the actual execution price of key coal-fired coal contracts in 2011 will be raised by RMB 30/tonne on the basis of 2010. If the electricity price cannot be effectively channeled at the time, the loss of thermal power companies may further expand.
Social consumption increased 9.5% year-on-year
As for the overall energy situation, the report judged that the energy supply and demand situation in 2011 was generally stable, and tight supply and demand may still exist in some regions and at certain times. In addition, in the first year of the Twelfth Five-Year Plan, the further increase in energy demand will drive the general rise in energy prices. It is estimated that the total electricity consumption in the whole society will reach 4.6 trillion kWh in 2011, a year-on-year increase of 9.5%, the elasticity of electricity demand will fall back to about 1; coal consumption will exceed 3.5 billion tons, crude oil consumption will be about 460 million tons, and natural gas consumption will continue to be maintained. With rapid growth, total consumption is expected to reach 120-130 billion cubic meters.
The coal market price bullish report focused on the issue of coal prices. It believes that the coal supply and demand situation this year is tight and loose before the market and the market price is bullish. One reason is that the national energy-saving emission reduction efforts may be loosened, which will lead to an increase in coal demand. Second, the rise in international coal prices will also push up domestic coal prices. With the gradual recovery of the world economy, energy demand is also gradually recovering. In particular, the continued strong demand for coal in emerging markets in Asia will promote the gradual increase in international coal prices.
According to the data, the Japanese coal power supply was insufficient in January, and the coal price purchased recently for January delivery exceeded 120 US dollars/ton. In February, coal prices were as high as $127/ton. In addition, the quantitative easing of monetary policy in the United States will lead to a depreciation of the US dollar, which will lead to an increase in the import price of coal denominated in US dollars, which will further reduce the import demand for coal and push up domestic prices. As soon as the Australian resource tax, which will begin to increase revenue in July 2012, will form the final plan, this increase in coal prices, which is aimed at cost transfer, may come earlier.
The report predicts that it may start to produce effects in the second half of 2011. The international coal price may exceed the expected increase in 2011-2012, but under the background that China's imports remain high, the rise in international coal prices can be easily transmitted to the domestic market.
On the supply side, the further advancement of coal enterprise restructuring and the elimination of backward production capacity will further slow the increase in coal production capacity. Judging from the current situation, the coal supply and demand situation in the first quarter will be tight. The tight supply of coal in the first quarter was due to two quarters. In the first quarter, it was the beginning of the “12th Five-Year Planâ€. Coal for industrial use will increase, but water and wind energy have failed to keep pace, and the tense situation in coal transportation has also increased. Can't get relief. In addition, in the first quarter of the year, “dry seasonâ€, with less rain in the south, and insufficient hydropower, were the unfavorable factors that caused the shortage of coal.
The loss of thermal power or expansion due to the large upward pressure on the price of coal, power companies may increase losses. The report believes that although the National Development and Reform Commission has explicitly requested that the price of key coal contracts in 2011 be maintained at the level of the previous year, it must not disguise the price in any form. However, under the condition that the coal industry has gradually become market-oriented, the effect of the national limit order in the coal industry is not obvious.
For example, in June and August 2008, the National Development and Reform Commission once limited the sale price of coal for two consecutive times until the lifting of the coal price limit order in January 2009. From the effect point of view, these two price limits did not restrain the rise in coal prices. Because the current market price is relatively high, selling to the market is more profitable than selling to contract power companies. Therefore, coal companies often reduce the supply of key contract coal by production and safety reasons, so that power generation companies can only purchase high-priced market coal. In addition, under the price restrictions, the quality of coal that coal companies supply to power companies cannot be guaranteed.
The report judged that the actual execution price of key coal-fired coal contracts in 2011 will be raised by RMB 30/tonne on the basis of 2010. If the electricity price cannot be effectively channeled at the time, the loss of thermal power companies may further expand.
Social consumption increased 9.5% year-on-year
As for the overall energy situation, the report judged that the energy supply and demand situation in 2011 was generally stable, and tight supply and demand may still exist in some regions and at certain times. In addition, in the first year of the Twelfth Five-Year Plan, the further increase in energy demand will drive the general rise in energy prices. It is estimated that the total electricity consumption in the whole society will reach 4.6 trillion kWh in 2011, a year-on-year increase of 9.5%, the elasticity of electricity demand will fall back to about 1; coal consumption will exceed 3.5 billion tons, crude oil consumption will be about 460 million tons, and natural gas consumption will continue to be maintained. With rapid growth, total consumption is expected to reach 120-130 billion cubic meters.
Christmas Mini Light String is waterproof and durable. Can be used in any season and many applications such as wedding, party, garden etc. We have different wire model and Replacement Bulb type to choose.
Decorative string lights are not just for holidays anymore . Instantly transform indoor and outdoor spaces with a wide selection of covers and finishes that match current trends and personal tastes and expressions.
Celebrate any season ,event or inspired whim with a charming new set of outdoor string lights!
Mini Light String,Mini String Lights,Mini Led Christmas Lights,Led Mini String Lights
DONGGUAN JIANXING LIGHTING ELECTRIC APPLIANCES CO., LTD , https://www.szrslightstring.com