The National Bureau of Statistics stated that in April, raw coal production of industries above designated scale remained at a relatively high level, while the growth rates of crude oil and electricity production accelerated, and natural gas production maintained steady growth.Raw coal production remained at a relatively high level. In April, raw coal output of industries above designated scale reached 390 million tonnes, down 1% YoY, compared with flat YoY growth in March. Average daily output was 12.85 million tonnes. In the first four months, raw coal output totalled 1.58 billion tonnes, down 0.1% YoY.Related News M Stanley: Shanxi Coal Mine Accident Triggers Safety Inspections in Multiple Regions, May Support Thermal Coal Price Rise in Short TermCrude oil production growth accelerated. In April, crude oil output of industries above designated scale amounted to 17.94 million tonnes, up 1.2% YoY, with the growth rate accelerating by 1 ppt from March. Average daily output was 598,000 tonnes. In the first four months, crude oil output totalled 72.74 million tonnes, up 1.3% YoY.The decline in crude oil processing widened. In April, crude oil processing volume of industries above designated scale was 54.65 million tonnes, down 5.8% YoY, with the decline widening by 3.6 ppts from March. Average daily processing volume was 1.822 million tonnes. In the first four months, crude oil processing volume totalled 239 million tonnes, down 0.5% YoY.Natural gas production maintained steady growth. In April, natural gas output of industries above designated scale reached 21.9 billion cubic meters, up 1.9% YoY, with the growth rate slowing by 1.1 ppts from March. Average daily output was 730 million cubic meters. In the first four months, natural gas output totalled 90 billion cubic meters, up 2.7% YoY.Related News BOCI: Shanxi Coal Mine Accident Has Relatively Mild Impact on Thermal Coal PricesThe growth rate of electricity generation accelerated. In April, electricity generation of industries above designated scale amounted to 744 billion kilowatt-hours, up 2.6% YoY, with the growth rate accelerating by 1.2 ppts from March. Average daily generation was 24.8 billion kilowatt-hours. In the first four months, electricity generation rose 3.3% YoY.By type, in April, the growth rates of thermal power and solar power generation slowed, hydropower growth accelerated, while the declines in nuclear power and wind power narrowed. Specifically, thermal power generation rose 3.1% YoY, with the growth rate slowing by 1.1 ppts from March; hydropower generation increased 12.2% YoY, accelerating by 1.4 ppts; nuclear power generation fell 8.7% YoY, with the decline narrowing by 3.1 ppts; wind power generation declined 5% YoY, with the decline narrowing by 12.3 ppts; and solar power generation increased 7.1% YoY, with the growth rate slowing by 2.9 ppts. (jl/u)
AASTOCKS Financial News