Thursday, July 25, 2013


中欧光伏价格承诺底线初步达成:0.57欧元/瓦 - xinhua/上海证券|A preliminary .57 euro/watt price floor on solar panels may avoid Chinese mfg getting hit with punitive tariffs next month //   昨天，记者从一位接近中欧光伏双反案件的知情人士处证实，中欧光伏价格承诺谈判已达成一个初步协议，价格承诺底线将在0.57欧元/瓦，这意味着中国光伏产品有可能避免47.6%的高额惩罚性关税。   就在数天前，国务院出台促进光伏行业发展“国六条”，为光伏业在国内市场发展打开了大门。另据行业权威人士透露，光伏发电补贴细则也将在未来两个月左右出炉。对国内光伏企业尤其是对欧盟出口比重较高的一线大厂来说，这无疑是双重利好。    上述知情人士透露，按照中欧双方此次达成的协议，中国出口欧盟的光伏组件承诺价格为0.57欧元/瓦，期限是两年。中国方面期望在2014年底前能彻底解决光伏反倾销的问题。

  • 光伏贸易谈判现转机中欧有望避免贸易战 - 厦门网| . . .or maybe 0.55 euros per watt; August 6th tariff start date, needs two week lead time; 47.6% tariff rate. Chines can sell for .38 euros per watt, Chinese solar sales to Europe 21Bn euros// 消息称，北京的谈判代表已与欧盟就一项协议的关键内容达成一致，仍然有可能避免欧盟计划下月对中国太阳能面板实施的惩罚性关税。这是欧盟和中国之间最大的贸易争端，已导致中国威胁对欧洲葡萄酒征收关税，并有可能引发贸易战，或给有意在中国扩大经营的欧洲企业制造障碍。欧盟执委会表示，中国正在以低于生产成本的价格向欧洲出口数百亿欧元的廉价太阳能面板。欧盟已对其征收低关税，双方若无法达成协议，8月6日关税将大幅上调。 经六周谈判，谈判代表接近就中国太阳能面板在欧盟28国的最低售价以及年度配额达成一致。消息人士称，关于中国光伏模组在欧洲市场的最低价格，双方立场接近每瓦0.55欧元。6月德国太阳能面板在国际现货市场上的平均价格为每瓦0.77欧元。根据欧盟执委会介绍，中国曾一度以每瓦0.38欧元的低价销售。设定0.55欧元的最低价格，将意味着中国光伏模组的价格不能再下降。自2010年1月以来，中国光伏模组的价格几乎逐月下降。 欧盟谈判代表已向中方表示，如果达成协议，欧盟在8月6日前需要有两周时间来实施，意味着7月23日是达成协议以避免47.6%关税生效的最后一天。 据悉，中国太阳能产业在欧洲销售额达到210亿欧元。 

13项能源政策年内亮相 -21世纪经济报道|New energy policies to come out to address modernizing coal processing (coal to gas, coal to oil, coal gradation), power generation mfg industry (like GE, what is this called?) , safe high efficiency nuclear development, natural gas industry foundation construction and management practices, shale gas production policy//根据能源局2013年产业政策制定计划，年内将出台（修订）13大能源产业政策，以弥补政策漏洞。这13产业政策既涉及国家宏观能源产略，又针对煤炭、电力、新能源等具体产业。...拟定并组织实施能源产业政策是新一轮机构改革赋予能源局的重要职责。按照国家能源管理的思路，新组建的能源局从微观审批向宏观战略、规划研究、政策制定转变。...近年来，国家陆续制定出台一系列能源产业政策，但仍有部分领域存在政策盲区。国家能源局按照能源发展需求迫切、制定条件基本成熟、各方面意见基本一致的原则，今年内计划出台（修订）13产业政策。具体包括：控制能源消费总量考核实施办法、现代煤炭深加工（煤制油、煤制气、煤炭分级分质利用等）发展若干意见、能源装备制造业健康发展若干意见、煤电基地建设若干意见、安全高效发展核电若干意见、煤炭产业政策（修订）、天然气基础设施规划建设和运营管理办法、页岩气产业政策。（21世纪经济报道）

 500强煤企生存实况：五家大鳄手持589亿白条 sina/第一财经日报|Shanxi's  5 big coal conglomerates increased revenue 33% in the first six months despite main business declining 10%-- benefited from diversification as non-coal business lines increase 49%. Overall first half of 2013 revenue for the group of 5 was 503.8Bn RMB//   尽管煤炭销售滑坡，但今年刚进入《财富》“世界500强”的山西省属五大煤炭集团依靠非煤业务保持了整体销售收入的增长。今年1~6月，该五大煤炭集团的煤炭主业收入已下滑超过10%，相比之下非煤业务却大幅增长了48.53%，总体销售收入达到5038亿元。
  • 电煤价格平缓下滑 火电行业由严重亏损转为盈利 - 人民网/中国广播网 | With the gradual decline in coal prices, thermal power producers have gone from severe losses to making profit//　中国电力企业联合会在今天发布《2013年上半年全国电力供需形式分析预测报告》中建议，尽管近来煤炭价格持续下滑，煤炭行业发展阶段性不景气，但应该继续严格执行，有效整治部分省市自行制定的“煤电互保”政策，减少行政干预。中电联报告中指出，随着电煤价格平缓下滑，火电行业从过去严重亏损转变为当期盈利。与此同时，影响盈利的不利因素也客观存在：一是受全社会用电需求增长下行影响，火电设备利用小时数下降，企业边际利润在下降；二是去年开始的全面脱硝等环保改造工作需要较大投资，而国家出台的补贴电价远不能抵消成本的增加；三是因往年煤电联动价格远没到位，火电企业历史欠账较多，五大发电集团负债率均在80%以上，远高于国资委预警线；四是各地煤价变化情况相异，甚至部分地区煤炭企业上调煤价（如龙煤集团要求煤价较去年底价格再上涨90元／吨，其他部分地区也有类似情况），火电企业实际享受到的到场煤价下降幅度差异较大。综合以上因素，建议国家近年内不宜下调电价，给火电企业一个休生养息的机会，以恢复火电行业的可持续发展能力。

汉能成功并购美国第二家薄膜光伏企业 - zhongxinwang/中国经济网| Hanneng buys US based mfg of flexible solar cells, US-based Global Solar Energy.7月25日，汉能控股集团(以下简称“汉能”)宣布成功并购美国Global Solar Energy公司(以下简称“GSE”)。这是汉能继2012年并购德国Solibro和美国MiaSolé公司之后，在一年内完成的第三次海外技术并购。此次对GSE的并购，使汉能成为全球首家实现柔性薄膜太阳能组件大规模量产的公司，同时也标志着汉能通过全球技术整合，占据了薄膜光伏技术的最前沿。

高温限电促水泥提价 中期整体产量超预期 -人民网/中国经济网|Cement mfgs hit by power limits due to high temps raised their prices//随着我国多地高温纪录不断被刷新，水泥等高耗能企业进入限额用电名单，进一步刺激行业淡季价格提升。公开数据显示，海螺水泥沿江熟料7月22日发往浙江、福建的价格上调20元/吨，出厂价240元/吨;23日发往江苏熟料上调10元/吨，出厂价235元/吨。这是继7月16日上调10元/吨之后，海螺水泥沿江熟料近期第二次调价，累计提价幅度20~30元/吨。据悉，浙江、江苏本地水泥企业已陆续跟进提价，目前华东市场供货紧张。

China to extend resource tax reforms to cover coal - Interfax |China – the world’s largest producer, buyer and user of coal – is advancing plans to tax its main energy source by value of output rather than volume, as part of long-mooted resource tax reforms that saw a similar system implemented for oil and gas less than two years ago. “China will push forward resource tax reform comprehensively… in the next step we plan to change tax collection for resources like coal to value-based, and increase the tax rate by an appropriate level,” said Lou Jiwei, head of China’s Ministry of Finance (MOF), at the fifth US-China Strategic and Economic Dialogue earlier this month.//A few days ago I pulled this in Chinese and my translation was more along the lines of "we will study (yanjiu) value-based taxes at a higher level." My point being the certainty here seems exaggerated. That was back on Thursday or Friday of last week.

Growing pains felt as new gas pricing kicks -  Xinhua | HARBIN -- Public transport fell into disarray as over half of the city's 23 natural gas stations serving some 3,500 buses and 4,000 taxis running on gas closed their doors. It followed a price hike that gas stations were not allowed to pass on to customers. Gas stations in the city previously bought gas at around 3 yuan ($0.49) per metric meter and sold it at 3.7 yuan. Now their costs have risen to around 4.2 yuan per metric meter, according to local government documents acquired by Xinhua. "Retail prices in Harbin remain unchanged. For gas stations, the more they sell, the more they lose. It makes sense for them to stay closed for the moment," said Jia Dongjiang, a Harbin official in charge of fuel management. Similar scenes have been reported in other places, according to Wang Xiaokun, an analyst at SCI, a Chinese energy information provider. Despite chaos caused by the price hikes, analysts said it is necessary to keep expanding the use of natural gas, which the National Development and Reform Commission (NDRC) described as "an efficient, clean and low-carbon energy source".

China's coal-fired economy dying of thirst - Newcastle Herald | At first glance, Daliuta in northern China appears to have a river running through it. A closer look reveals the stretch of water in the centre is a pond, dammed at both ends. Beyond the barriers, the Wulanmulun's bed is dry.Daliuta in Shaanxi province sits on top of the world's biggest underground coal mine, which requires millions of liters of water a day for extracting, washing and processing the fuel.The town is the epicenter of a looming collision between China's increasingly scarce supplies of water and its plan to power economic growth with coal. “Water shortages will severely limit thermal power capacity additions,” said Charles Yonts, head of sustainable research at brokerage CLSA Asia-Pacific Markets in Hong Kong. “You can't reconcile targets for coal production in, say, Shanxi province and Inner Mongolia with their water targets.”Coal industries and power stations use as much as 17 per cent of China's water, and almost all of the collieries are in the vast energy basin in the north that is also one of the country's driest regions. By 2020 the government plans to boost coal-fired power by twice the total generating capacity of India.

Coal Imports by Source - Coalguru/Press Trust of India | According to customs trade statistics, China’s coal imports in June fell to an 8 month low of 22.3 MT (including lignite). This took total imports in the H1 2013 to 158.6 MT up 18.6 Mt YoY.A breakdown of H1 2013 imports into China by source shows annual increases for coal shipments from Australia (+ 12.2 MT to 38.4 MT), Indonesia (+6.7 MT to 64.4 MT) and Russia (+1.5 MT to 9.3 MT).Meanwhile, combined long haul imports from the US (4.8 MT) and Canada (6.0 MT) during the H1 2013 also grew 2.0 MT YoY while shipments from South Africa slipped by 1.2 MT to 5.8 MT and imports from Colombia in the January to June period were only 0.2 MT compared with 0.7 MT in the corresponding period in 2012.

Antidumping tariffs increase Chinese solar prices - renewableenergyfocus.com| The era of low-cost Chinese solar PVmodules in Europe has come to an end, as the European Union’s antidumping tariffs spur an increase in prices for Chinese solar modules, says a new report. After declining for 48 months since the first quarter of 2009, the average price of Chinese crystal polysilicon modules in Europe rose by 4% in June to €0.54, up from €0.52 in May, according to “PV Price Tracker – Modules” from information and analytics provider IHS.

What does America's shale gas revolution mean for China? - Journal of Energy Security | Recent development in the U.S. of technologies for extracting oil and natural gas from shale formations are changing the global energy landscape. Thanks to hydraulic fracturing or fracking U.S. oil imports have dropped to the lowest level in 20 years and the U.S. is well on its way to become a major player in the global market for liquefied natural gas (LNG). But this so called energy revolution has been received in China with perplexity and trepidation. Many Chinese officials believe that U.S. self-sufficiency in energy, should it come to pass, would weaken U.S. interest in the Persian Gulf, leading to a military withdrawal from the region. This could in turn compromise China’s energy security. Others see a U.S. energy transition as an American plot to de-industrialize China by luring industrial production from the mainland to the U.S., where natural gas prices are cheap.

Mega miners cut costs, sell assets to placate yield-hungry investors - Reuters | For years, miners had splurged on projects and acquisitions to meet soaring orders from China. They are now slashing costs, dumping assets and slowing new projects to appease investors after moderating Chinese demand triggered $33 billion in writedowns in the past year and sparked management sweep-outs.

EIA summary slides for the new Annual Energy Outook 2013