In May, the production of raw coal, crude oil and natural gas above designated size was basically stable, the growth rate of crude oil processing volume slowed down, and power production continued to accelerate. First, the production of raw coal is stable, coal imports are at a low level, and prices are rising. In May, raw coal production increased by 3.5% year-on-year, down 0.6 percentage points from the previous month. From January to May, the output of raw coal was 1.40 billion tons, a year-on-year increase of 4.0%.

In May, coal imports increased by 0.6% year-on-year, and imports were 22.33 million tons, which was basically the same as last month. From January to May, imports of 120 million tons of coal, an increase of 8.2%.

Coal prices have rebounded. As of June 4, Qinhuangdao 5500 kcal coal closing price was 589 yuan per ton, up 2 yuan from late April; 5,000 kcal per ton 547 yuan, up 18 yuan; 4,500 kcal per ton 471 yuan, up 22 yuan.
2. The decline in crude oil production narrowed, and the growth rate of imports fell back in May. Crude oil production was 15.97 million tons, down 1.6% year-on-year. The decline was 0.7 percentage points lower than the previous month. The average daily output was 515,000 tons, down 0.2 million tons from the previous month. It has been stable at a daily average production level of about 515,000 tons for five consecutive months.

From January to May, crude oil production was 78.23 million tons, down 2.0% year-on-year, and the decline was 0.1 percentage points lower than that in January-April.

The growth rate of crude oil imports fell. In May, the import volume was 39.05 million tons, a year-on-year increase of 5.0%, and the growth rate dropped by 9.8 percentage points from the previous month. From January to May, the import of crude oil was 190 million tons, an increase of 8.0% year-on-year. The growth rate of crude oil imports fell. In May, the import volume was 39.05 million tons, a year-on-year increase of 5.0%, and the growth rate dropped by 9.8 percentage points from the previous month. From January to May, the import of crude oil was 190 million tons, an increase of 8.0% year-on-year. The growth rate of crude oil imports fell. In May, the import volume was 39.05 million tons, a year-on-year increase of 5.0%, and the growth rate dropped by 9.8 percentage points from the previous month. From January to May, the import of crude oil was 190 million tons, an increase of 8.0% year-on-year. \

The growth rate of crude oil imports fell. In May, the import volume was 39.05 million tons, a year-on-year increase of 5.0%, and the growth rate dropped by 9.8 percentage points from the previous month. From January to May, the import of crude oil was 190 million tons, an increase of 8.0% year-on-year.

In May, crude oil prices fluctuated upwards, once over $80. As of May 31, the price was $76.45 per barrel, up $0.53 per barrel from the end of April.

Third, the growth rate of crude oil processing has slowed down

As some petrochemical enterprises entered the inspection period, the growth rate of crude oil processing volume slowed down. In May, crude oil processing volume was 50.66 million tons, up 8.2% year-on-year, down 3.3 percentage points from the previous month. The average daily processing was 1.634 million tons, a decrease of 19,000 tons from the previous month.

From January to May, the crude oil processing volume was 249.78 million tons, an increase of 8.9% year-on-year. The growth rate dropped by 0.2 percentage points from the first four months. Among the main refined oil products, the production of gasoline, kerosene and diesel increased by 6.4%, 14.3% and 2% respectively.

Fourth, natural gas production is stable, and imports maintain rapid growth.

In May, natural gas production was 12.62 billion cubic meters, up 5.9% year-on-year. The growth rate was 0.4 percentage points lower than that of the previous month; the average daily production was 410 million cubic meters.

From January to May, natural gas production was 65.24 billion cubic meters, up 4.3% year-on-year, and the growth rate was 0.3 percentage points faster than that in January-April.

In May, natural gas imports were 7.41 million tons, a year-on-year increase of 36.7%, maintaining rapid growth. From January to May, imported natural gas reached 34.8 million tons, up 36.4% year-on-year; the ratio of natural gas imports to domestic production expanded from 0.64:1 at the end of last year to 0.74:1.

V. Speeding up power production

In May, the national average temperature was 0.8°C higher than normal. The average temperature in Guangdong, Hunan, Jiangxi, Zhejiang and other places was the highest in the same period since 1961, and extreme high temperature occurred in many places. Affected by the increase in industrial electricity demand and high temperature, in May, the power generation was 544.33 billion kWh, an increase of 9.8% year-on-year. The growth rate was 2.9 percentage points higher than that of the previous month; the average daily power generation was 17.56 billion kWh, an increase of 530 million from the previous month. Kilowatt hours. From January to May, the power generation increased by 8.5% year-on-year, and the growth rate was 0.8 percentage points faster than that of January-April.

The growth rate of thermal power is accelerating. In May, thermal power increased by 10.3% year-on-year, 3.0 percentage points faster than last month, and the growth rate was the highest since August 2017.

Hydropower growth has turned from negative to positive. In May, the national average precipitation was 69.7 mm, 17.3% more than the same period of last year. Due to the increase in incoming water, hydropower rebounded sharply, from a decrease of 2.6% in the previous month to a growth of 6.9%.

New energy power generation has varied. In May, nuclear power increased by 15.1% year-on-year, and the growth rate accelerated by 8.6 percentage points compared with the previous month. Wind power was inferior to last month due to wind conditions, and the growth rate dropped significantly, up 6.7% year-on-year, down 15.9 percentage points; solar power generation was reduced by sunshine hours. Impact, the growth rate slowed down, up 14.8% year-on-year, down 11.6 percentage points.

1. Explanation of indicators

Raw coal: refers to the raw coal produced by the coal mine that has passed the acceptance and meets the quality standards. That is, vermiculite (including pyrite and other impurities) of a predetermined particle size is selected from the coal, and the raw coal having an absolute ash content of 40% or less is absolutely dried. Although the absolute dry ash is above 40%, the inferior coal that has been approved for mining by the relevant departments and has consumer demand should also be included in the raw coal output. The raw coal is divided into anthracite, bituminous coal and lignite. In bituminous coal, it is divided into coking bituminous coal and general bituminous coal. Raw coal does not include stone coal, peat (peat) and coal gangue that is produced along with the raw coal production process.

Daily average product output: Calculated by dividing the total output of industrial enterprises above designated size by the calendar month of the month.

Due to the annual changes in the scope of industrial enterprises above designated size, in order to ensure that the data for this year is comparable with that of the previous year, the number of simultaneous use of various indicators such as the calculation of product output growth rate is consistent with the statistical scope of the current period, and published in the previous year. There is a difference in the caliber of the data.

2. Statistical range

The statistics of the output data in the report are all above-scale industries, and the statistical scope is industrial enterprises with annual main business income of more than 20 million yuan.

3. Survey method

The import data comes from the General Administration of Customs; the temperature data comes from the China Meteorological Administration; the coal price data comes from the China Coal Market Network; the crude oil price data comes from the US Energy Information Administration (EIA).

4. Natural gas unit conversion relationship: 1 ton is approximately equal to 1380 cubic meters.
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