China's energy industry operates smoothly in May

Coal: The coal deposits of the power plant grew, and the coal deposits in the port climbed. Due to the increase in the supply of hydropower in the south and the declining demand for thermal power, the coal storage capacity of the power plant increased. As of the end of May, the country's total power plant reserves 49.57 million tons, an increase of 5.16 million tons from the end of last month, an average of 16 days. On May 31, Qinhuangdao port coal inventories climbed to 6.122 million tons, an increase of 1.47 million tons from May 3, ending the six-week downtrend. Coal prices have grown steadily. On May 31, Qinhuangdao 5500 kcal Shanxi high-grade coal price was 755 yuan/ton, up 30 yuan/ton from the end of last month.
Electricity: In May, the output of industrial enterprises above designated size was 340.5 billion kWh, an increase of 18.9% year-on-year, of which thermal power increased by 21.6%; hydropower increased by 5.7%. From January to May, the national power generation was 16276 billion kWh, an increase of 21.4% over the same period last year.
Oil: Oil supply is sufficient. In May, crude oil production increased by 7% year-on-year, import volume increased by 4.4%, crude oil processing volume increased by 14.8%, of which gasoline production increased by 2.6% and diesel production increased by 11.6%. From January to May, crude oil production was 81.6 million tons, an increase of 4.9% year-on-year, with imports of 96.69 million tons, a year-on-year increase of 29.3%; crude oil processing volume was 170.47 million tons, a year-on-year increase of 18.9%.
International oil prices fell. In May, the average monthly spot price of Brent crude oil was 84.9 US dollars/barrel, down by 11.3 US dollars/barrel from last month. The London Brent crude oil futures price closed at a new high of US$89.9/barrel on May 3 and rebounded in the last week of the month. On May 31, it closed at US$75.4/barrel. (Except for the relevant statistical data, the import and export data are Customs statistics, and the rest are National Bureau of Statistics data or data calculated by the National Bureau of Statistics.)

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