Energy Production in October 2024

In October, the production of coal, crude petroleum oil, natural gas, and electricity by industrial enterprises above the designated size showed steady growth.

I. Coal, Crude Petroleum Oil and Natural Gas Production and Relevant Information

Coal production grew steadily. In October, 410 million tons of coal were produced by industrial enterprises above the designated size, up by 4.6 percent year on year, a growth rate of 0.2 percentage point faster than that in September, with an average daily output of 13.284 million tons. The import of coal stood at 46.25 million tons, up by 28.5 percent year on year.

From January to October, 3.89 billion tons of coal were produced by industrial enterprises above the designated size, up by 1.2 percent year on year. The import of coal stood at 440 million tons, up by 13.5 percent year on year.

The growth rate of crude petroleum oil production accelerated. In October, 17.77 million tons of crude petroleum oil were produced by industrial enterprises above the designated size, up by 2.5 percent year on year, a growth rate of 1.4 percentage points faster than that in September, with an average daily output of 573,000 tons. The import of crude petroleum oil stood at 44.70 million tons, down by 8.7 percent year on year.

From January to October, 177.64 million tons of crude petroleum oil were produced by industrial enterprises above the designated size, up by 2.0 percent year on year. The import of crude petroleum oil stood at 457.07 million tons, down by 3.4 percent year on year.

The decline in crude petroleum oil processing narrowed. In October, 59.54 million tons of crude petroleum oil were processed by industrial enterprises above the designated size, down by 4.6 percent year on year, with the decline narrowing by 0.8 percentage point compared to September; with an average daily processing capacity of 1.921 million tons. From January to October, 590.59 million tons of crude petroleum oil were processed by industrial enterprises above the designated size, down by 2.0 percent year on year.

Natural gas production saw rapid growth. In October, 20.8 billion cubic meters of natural gas were produced by industrial enterprises above the designated size, up by 8.4 percent year on year, a growth rate of 1.6 percentage points faster than that in September, with an average daily output of 670 million cubic meters. The import of natural gas stood at 10.54 million tons, up by 20.7 percent year on year.

From January to October, 203.9 billion cubic meters of natural gas were produced by industrial enterprises above the designated size, up by 6.7 percent year on year. The import of natural gas stood at 109.53 million tons, up by 13.6 percent year on year.

II. Electricity Generation

The power generation of industrial enterprises above the designated size experienced steady growth. In October, 731.0 billion kilowatt-hours of electricity were generated by industrial enterprises above the designated size, up by 2.1 percent year on year; with an average daily electricity generation capacity of 23.58 billion kilowatt-hours. From January to October, 7.8027 trillion kilowatt-hours of electricity were generated by industrial enterprises above the designated size, up by 5.2 percent year on year.

From the perspective of energy sources, October saw a slowdown in the growth rates of thermal, nuclear, and solar power generation by industrial enterprises above the designated size. Meanwhile, the decline in hydropower generation widened, while the growth rate of wind power generation accelerated. Among them, the thermal power generated by industrial enterprises above the designated size increased by 1.8 percent year on year, with a growth rate of 7.1 percentage points slower than that in September; the hydropower generated by industrial enterprises above the designated size decreased by 14.9 percent, with a decline expanding by 0.3 percentage point compared to September; the nuclear-power generated by industrial enterprises above the designated size increased by 2.2 percent, with a growth rate of 0.6 percentage point slower than that in September; the wind power generated by industrial enterprises above the designated size increased by 34.0 percent, with a growth rate of 2.4 percentage points faster than that in September; the solar power generated by industrial enterprises above the designated size increased by 12.6 percent, with a growth rate of 0.1 percentage point slower than that in September.

Annotations:

1. Explanatory Notes

Average daily product output: It is calculated by dividing the total output of industrial enterprises above the designated size announced in that month by the calendar days of that month.

2. Statistical Coverage

The statistical caliber of the output data in the report is the industrial enterprises above the designated size, and the statistical scope is industrial enterprises with an annual main business revenue of 20 million yuan and above.

Because the scope of industrial enterprises above the designated size changes every year, to ensure that this year's data is comparable with the previous year's, the cumulative figures for the same period last year used to calculate year-on-year growth rates for product output and other indicators are consistent with the statistical scope of enterprises in the current period. And there may be a discrepancy in statistical standard and coverage between the data released this year and last year.

3. Data Source

Import data came from the General Administration of Customs of the People's Republic of China, of which October 2024 data is express data.

4. Conversion relationship of natural gas units: 1 ton is equal to 1,380 cubic meters.