[Epoch Times October 05, 2021](Epoch Times reporter Li Jing comprehensive report) China’s recent “power shortage” has continued, and the power gap in many provinces has continued to expand. On October 4, Zhejiang Province purchased coal from Kazakhstan for the first time in order to alleviate the shortage of electricity and coal in the province. Due to power rationing, Zhejiang’s textile industry is under-operating, and the prices of downstream products may rise.
According to the “Zhejiang Daily” report, this batch of 136,000 tons of Kazakhstan coal was purchased by Fuxing Fuel Company, a subsidiary of Zhejiang Energy Group, from the Liuheng Coal Transit Terminal. The MV CARO ship carrying this batch of coal was running at sea After 30 days, sailed 8,501 nautical miles (approximately 15,700 kilometers).
Regarding the reason for the purchase of coal by sea, state media explained that “Although Kazakhstan is adjacent to Xinjiang, China, the cost of transporting coal by land is high.”
Fuxing Fuel Company, which purchases coal, is the largest coal purchase and sale company in Zhejiang. The company also purchased two ships of US coal with a total of 130,000 tons in June and July. This is also the company’s first purchase of US thermal coal.
Recently, many provinces in China, including Zhejiang, have experienced a “power shortage”. The relevant person in charge of the Zhejiang Provincial Energy Bureau said that one of the reasons is the shortage of electricity in the province, the price increase of international commodities such as coal, and the urgent coal inventory of power plants in the province.
In November last year, the CCP began to restrict the entry of Australian coal. Rory Simington, an analyst at Wood Mackenzie Energy Research and Consulting, said that the price of Russian coal recently purchased by consumers in southern China is nearly 50% higher than the price of similar Australian coal; while the price of a type of Indonesian coal Exceeding Australian coal, its calorific value is nearly 20% lower than that of Australian coal.
Recently, due to large-scale power cuts in Zhejiang Province, the textile industry in Shaoxing, Zhejiang Province is under-operating, and the prices of downstream products may rise.
Keqiao District, an important town in the printing and dyeing and textile industry of Shaoxing, Zhejiang, is one of the first areas affected by the current round of power rationing. As of September 23, the average opening probability of printing and dyeing enterprises in Shaoxing was 32.37%, a year-on-year decrease of 44.43%. With the rise of upstream textile printing and dyeing fees, the prices of downstream apparel, curtains and other products will also rise across the board.
Beginning in early September, more than 20 provinces in China have successively imposed power rationing, spreading from northeast to Guangdong, and even Beijing and Shanghai have issued notices about power rationing. According to local notices, the power cut will last until the end of September or mid-October, and it may even continue until the end of the year.
Editor in charge: Li Qiong#
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