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Macroeconomic and Energy Power Development Prospects (III)


Forecast of Chinese electric power development situation in 2022

In 2022, electricity consumption will still maintain a relatively fast growth, but the growth rate will be significantly lower than that in 2021. In 2021, China will consume 8.3 trillion KWH of electricity, a year-on-year increase of 10.3 percent and a two-year average increase of 7.1 percent. Influenced by the base factor of last year, the growth rate of power consumption in the four quarters showed a trend of "high before and low after". The average growth rate in the four quarters in the past two years was 7.0%, 8.2%, 7.1% and 6.8% respectively, maintaining a steady and fast growth on the whole.

Looking ahead to 2022, it is estimated that the growth rate of the whole society's electricity consumption may reach more than 5% in 2022, considering such factors as stability, the supporting role of economic policies, the driving role of bad weather in heating and cooling, and the supporting role of electric energy replacement in various fields. The contribution of the tertiary industry and residential life to the growth of electricity consumption will be more balanced, and the growth of the tertiary industry and residential electricity consumption will be significantly higher than in 2021.

In terms of power supply, the newly installed capacity in 2022 is expected to exceed 200 million kW, and the newly installed capacity of new energy will hit a record high. In 2021, China's installed power generating capacity saw rapid growth, with new energy accounting for more than a quarter of the total installed capacity. Looking ahead to 2022, the newly installed hydropower and thermal power will decrease slightly compared to 2021. Driven by the "double carbon" goal, the whole county distributed photovoltaic, the construction of large wind power and photovoltaic bases in desert, Gobi and desert areas continues to advance, and the new energy still maintains rapid growth, with the new scale expected to exceed 100 million kW. It is expected that by the end of 2022, the installed capacity of new energy will account for nearly 30% of the total installed power generation capacity.

Keywords: Jiuhuayang Mechanical Equipment

News


The operation of the steel industry

Steel output maintained growth. In October, the output of pig iron, crude steel and steel was 76.17 million tons, 92.2 million tons and 11.48 million tons, respectively, up 9.4 percent, 12.7 percent and 14.2 percent year-on-year. From January to October, the output of pig iron, crude steel and steel stood at 740 million tons, 870 million tons and 1.08 million tons, respectively, up 4.3 percent, 5.5 percent and 6.5 percent year-on-year.


What are the classifications of the steel industry

The main raw materials of iron and steel production include iron ore, manganese ore, chromium ore, limestone, refractory clay, dolomite, siderite and other minerals of raw ore and finished ore, artificial block ore, iron alloy, coal washing, coke, gas and coal chemical products, refractory products, carbon products, etc.


Trends in the steel industry

Output reached a record high level. From January to June 2013, China produced 390 million tons of crude steel, up 7.4% year on year and 5.6 percentage points higher than the same period last year. In the first six months, the average daily crude steel output was 2.154 million tons, equivalent to the annual crude steel output of 786 million tons. Among them, February reached a record high of 2.208 million tons, March to June although there was a decline, but still maintained at a high level of more than 2.1 million tons. From January to June, the crude steel output of Hebei and Jiangsu increased by 6.8% and 13.2% year on year, respectively. The new output of the two provinces accounted for 42.4% of the total increase of 26.94 million tons in China, and Shanxi, Liaoning, Henan and Yunnan provinces also increased by more than 1 million tons. From January to June, crude steel output of large and medium-sized steel enterprises increased by 5.5% year on year, 2 percentage points lower than the national average, but still accounted for 60% of the increase.


Steel industry development analysis

From January to September 2013, large and medium-sized steel enterprises achieved cumulative sales revenue decreased by 6.49% compared with the same period last year, according to a steel industry operation report released by the China Iron and Steel Association on Wednesday. The loss of loss-making enterprises reached 26.726 billion yuan, an increase of 41.5 times year-on-year, or 45%. Losses in the steel industry continue to intensify.


Status quo of iron and steel industry

The iron and steel industry is an industrial industry mainly engaged in ferrous mineral mining, ferrous metal smelting and processing and other industrial production activities, including the mineral mining industry of ferrous iron, chromium, manganese, iron, steel, steel processing industry, iron alloy smelting, steel wire and products industry and other subdivisions, is one of the important raw material industries of the country. In addition, since steel production also involves non-metallic mineral extraction and products and other industrial categories, such as coking, refractories, carbon products, etc., these industrial categories are usually included in the steel industry.