On May 14th, it was learned from the National Electric Power Dispatching Center that in the first half of May, the average daily power consumption of the national average was reduced to 4.3%. Previously, electricity consumption in the middle and late April was down by 3.6%, 4.3% and 3.6% respectively. In terms of power generation, it fell by 3.9% year-on-year.
Northeast China, North China and Northwest China experienced a large year-on-year decline of 9.5%, 5.7% and 6.6% respectively; the East China and Central China regions experienced smaller declines, 0.8% and 1.2% respectively.
On a month-on-month basis, the power generation in the first half of May showed the lowest. According to data released by the dispatching center, the average daily power generation in early May was 9.097 billion kwh, which is the lowest since the power generation in late February reached the highest point this year. The average daily power generation in the first half of April was 9.124 billion kWh, 9.138 billion kWh and 9.214 billion kWh.
Sub-regional observation, in the high-energy-consuming areas, the electricity consumption in southern Hebei and Henan continued to maintain warmth, up 5.2% and 2.1% respectively, while other high-energy-consuming areas such as Liaoning, Shanxi, Inner Mongolia, Guizhou and Ningxia continued. A decline of more than 10%. In addition, the increase in electricity consumption in Yunnan has also dropped sharply from 10% in late April to 3.2%.
In the coastal provinces, the overall decline is equivalent to that in late April. It is worth noting that the electricity consumption in Sichuan has changed from 7.9% to 2.8%, and Chongqing has changed from 2.9% to 5.7%. In addition, Anhui and Jiangxi continued to maintain warmth and increased their growth. The decline in the Beijing-Tianjin-Tangshan region also shrank from 7.8% to 1.8%.
Analysts believe that from the data point of view, the decline in electricity consumption is still very large, but mainly due to the reduction of one day from the same period of last year, after deducting this factor, the decline should be narrowed. In May, with the increase in production of steel and electrolytic aluminum, the decline in electricity will narrow the chain and continue to the end of the year. The growth rate in Weinan remained stable, indicating that steel production continued to recover; the increase in Henan's growth rate was also higher, indicating that the resumed production of electrolytic aluminum continued; the rest of the high-energy-consuming regions were still not optimistic.
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