【Caixin Net】
Indonesia bans coal exports for one month
Guosheng Securities issued a report on January 2, and on December 31, 2021, the Ministry of Energy and Mineral Resources of Indonesia issued a notice that due to the expected shortage of coal supply from domestic power plants from January to February, the Indonesian government decided to ban coal exports in January to ease domestic coal Power crisis caused by shortage of supply.
Indonesia is the world‘s largest coal exporter. Generally speaking, Indonesia’s coal exports in January are about 38-40 million tons. Guosheng Securities judges that if Indonesian coal exports are banned, it will affect China’s imports of approximately 16 million tons per month, accounting for 5.3% of the effective domestic supply, and it will be difficult to make up for it through other countries. In the short term, it is difficult for other countries to make up for this gap. If Indonesia’s export ban continues for a long time, it may cause China’s thermal coal market to return to the balance of supply and demand, or even slightly tight.
Lithium price hits a record high in 2021
China Non-Ferrous Metals News reported on January 2 that in new energy metals, from the beginning of 2021, the growth rates of lithium hydroxide and lithium concentrate rose by 290%, 367% to 191,000 yuan/ton and 1,950 US dollars/ton, respectively, and their prices both hit historical records. new highs. Domestic cobalt prices rose by 58.4%. The price of rare earth metals also rose sharply from the beginning of the year; among them, neodymium praseodymium oxide rose to nearly 850,000 yuan/ton, an increase of over 100%.
Among the basic metals, Shanghai Tin has the largest price increase in 2021, with the largest price increase of 95%. The largest increase of Shanghai copper was 35.53%; the largest increase of Shanghai aluminum was 60.5%; the price of Shanghai nickel rose from 123,500 yuan/ton at the beginning of the year to 16,1600 yuan/ton, with the largest increase of 30.85%.
RCEP takes effect XCMG wins “China’s first export order”
The official website of Xugong Group reported on January 2 that on January 1, the “Regional Comprehensive Economic Partnership Agreement” (RCEP) formally came into effect. Xuzhou Construction Machinery Group Import and Export Co., Ltd. passed the Nanjing Customs audit and became the first batch of approved exporters in China after the implementation of RCEP, and immediately issued the country’s first declaration of origin under RCEP for a concrete mixer that will be exported to Thailand. The biggest highlight of RCEP is the implementation of “approved exporters” facilitation measures, that is, exporters who have been approved by the customs and filed can issue certificates of origin for their goods and enjoy preferential tariff treatment. XCMG is a pioneer in the export of China’s construction machinery industry, with a total annual export value of more than tens of billions of yuan.
Weilai will deliver more than 90,000 new cars in 2021, doubled year-on-year
Weilai’s official WeChat account reported on January 2 that in December 2021, Weilai delivered 10,500 new cars, a year-on-year increase of 49.7%. A total of 25,000 units were delivered in the fourth quarter, a year-on-year increase of 44.3%, achieving seven consecutive quarters of positive growth. In 2021, NIO will deliver 91,400 new cars, a year-on-year increase of 109.1%, doubling for two consecutive years. A total of 167,100 NIO vehicles have been delivered.
Organization: The scale of global LNG trade in 2022 is about 400 million tons, an increase of 6.6% year-on-year
Bloomberg New Energy Finance released the 2022 forecast report on its official Weibo on January 2: In the oil market, because supply growth is faster than demand growth, oil prices will face downward pressure in 2022. The global LNG trade scale may reach 400 million tons in 2022, an increase of 6.6% over 2021. China and the emerging markets of South Asia and Southeast Asia will contribute the main increase in demand in 2022. The balance of supply and demand in the European natural gas market may remain tight throughout 2022.
Railway Spring Festival Transport in 2022 is expected to send passengers an increase of 28.5% year-on-year
China Railway official microblog reported on January 2 that the railway Spring Festival transport in 2022 will start on January 17 and end on February 25, a total of 40 days. During the period, the national railways are expected to send 280 million passengers, a year-on-year increase of 28.5%. The railway department will increase the supply of goods, loading and unloading forces and the organization of machinery and tools during the Spring Festival holiday, improve operational efficiency, and strive to ensure that the average daily loading of railways across the country is more than 170,000 vehicles, and strive to ensure that the country’s 363 direct power plants can store coal for more than 15 days .
Southwest oil and gas field will produce 35.41 billion cubic meters of gas in 2021, accounting for more than half of PetroChina
PetroChina Southwest Oil and Gas Field Company’s official microblog reported on January 2 that the company produced 35.41 billion cubic meters of natural gas in 2021, a year-on-year increase of 3.6 billion cubic meters from 2020, an increase of 11.3%. The annual increase accounted for more than half of PetroChina. Among them, conventional gas was 22.91 billion cubic meters, accounting for 64% of the total output; shale gas reached 11.17 billion cubic meters, an increase of 10% year-on-year; the annual production of tight gas was 1.32 billion cubic meters, an increase of 31% year-on-year.
Sinopec Southwest Petroleum Bureau produces more than 8 billion cubic meters of gas for the first time
Sinopec Southwest Petroleum Bureau official website reported on January 2 that the cumulative production of natural gas by Southwest Petroleum Bureau in 2021 exceeded 8 billion cubic meters for the first time, a year-on-year increase of 19.2%, a record high. This year, the company continued to increase its oil and gas exploration and development efforts, and made important breakthroughs in exploration in southern and western Sichuan, with a cumulative increase of 195 billion cubic meters of new geological reserves; focusing on large-scale production, a total of 98 new wells have been put into production and a new production capacity of 1.756 billion cubic meters. The newly added gas volume was 946 million cubic meters.
70% of the scheduled tasks for the reform of state-owned enterprises in 2021 have been completed
The State-owned Assets Supervision and Administration Commission of the State-owned Assets Supervision and Administration Commission reported on January 2 that in 2021, 70% of the scheduled tasks for the reform of state-owned enterprises will be completed. In 2021, the reform of the market-oriented business mechanism of enterprises will break the ice and break the situation on a larger scale and at a deeper level. Strategic reorganization, professional integration, and strategic emerging industry layout will promote the optimization and improvement of the state-owned capital structure.
At present, central SOEs and 98.2% of their subsidiaries have completed their board of directors, more than 70% of group companies have established a board authorization system, and 89.9% of eligible second- and third-tier subsidiaries have achieved a majority of external directors. The tenure system and contract management system for managers of mixed-ownership enterprises have been fully established, and the contract ratio at the sub-enterprise level reached 83.6%, an increase of 54.3 percentage points from the beginning of the year.
Suez Canal’s revenue and navigation volume in 2021 hit record highs
CCTV News reported on January 3 that on January 2, 2022 local time, the Suez Canal Authority issued a statement stating that the navigation statistics of the Suez Canal in 2021 set a new record in its history: annual revenue reached 6.3 billion U.S. dollars, year-on-year An increase of 12.8%; the total net tonnage exceeded 1.27 billion tons, an increase of 8.5% from the 1.17 billion tons in 2020. Annual revenue and total net tonnage both hit record highs.
The “14th Five-Year Plan” comprehensive transportation system construction plan for the new western land-sea corridor is issued
According to the official WeChat message of the Ministry of Transport on January 2, the Ministry of Transport and other departments have jointly issued the “14th Five-Year Plan” Comprehensive Transportation System Construction Plan for the Western Land-Sea New Corridor. Among them, it requires that by 2025, promote the basic formation of a comprehensive transportation system for the new western land-sea corridors that connect north-south, land-sea linkages, openness and sharing, strong radiation, and coordination. “Land-sea connectivity, strong ports, smooth hubs, smooth connections, and sufficient capabilities.” Significant progress has been made. By 2035, a comprehensive transportation system for the new western land-sea corridor will be formed in an all-round way, with north-south connections, land-sea linkages, openness and sharing, strong radiation, and coordination.
Kenya’s largest water conservancy project under construction successfully intercepted
Xinhua News Agency reported on January 1, local time that the first phase of the Swak Multi-purpose Water Conservancy Development Project in Kenya, undertaken by Energy China Gezhouba Group-the Swak Dam Project, was successfully closed on December 31, 2021. The dam The main part of the project has officially entered a new stage of comprehensive construction. This project is the largest comprehensive water conservancy project under construction in Kenya, which integrates dam, water supply, irrigation and power generation. After completion, it will bring huge economic benefits to water supply, power supply, and agricultural irrigation in southeastern Kenya. The project was undertaken by China Energy Construction Gezhouba Group and started on March 27, 2018, and is scheduled to be completed by the end of 2022.
(Compiled by Caixin Luo Guoping)
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