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Tense coal and oil situation easing

www.chinanews.cn 2005-08-08 13:32:04

Chinanews, Aug. 6 - According to CCTV news, since this year, China has
adopted adjustment measures, such as reducing or repealing export
rebates, and has effectively restrained production and export of high
energy consuming, high pollution and resource products, alleviating the
tense coal, power, oil and transportation situation.
The National Development and Reform Commission estimated that four
categories of products, including non-forged aluminum, steel billet and
rolled steel, ferroalloy and yellow phosphorus, consumed 49 billion
kilowatt hours of electricity in the segment of production in 2004,
accounting for 82% of the total power shortage last year. Based on export
volume of electrolytic aluminum and ferroalloy in 2004, transportation
turnover of material import and product export reached as high as 9
billion ton-kilometers, equivalent to more than 600 come-and-goes between
Taiyuan and Shanghai of a freight train carrying 5 kilotons of goods.
This April, China nullified or reduced export rebates for electrolytic
aluminum, ferroalloy, rolled steel and coal and levied export tariff on
non-forged aluminum, urea, yellow phosphorus and ferrosilicon.
In the first half of this year, China exported 43.72 million tons of
coal, decreasing 15.9% from last year's same period. Export volume of
chemical fertilizer reached 2.33 million tons, down 22% from a year
earlier; growth rate of steel billet export dropped from 1360% in March
to 9.6% in June.
At the end of June, coal inventories of China's major power plants were
able to support 10 days of power generation, while they could only
bolster one day at the tensest moment last year. Number of provinces that
have to undergo electricity cutoff has decreased from last year's 25 to
this year's 18.

          ��Coal demand & supply in balance in 1st half (2005-08-02)
          ��China's coal shortage easing (2005-07-22)
          ��Crude oil output increases 30m barrels (2005-08-07)
          ��China lacks 130 megaton crude oil this year (2005-08-04)

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