NBS: China's Industrial Coal Output Drops 0.5% YoY to 430 Million Tons in November

Stock News
12/15

China's industrial coal production remained stable in November, while crude oil output accelerated and natural gas maintained steady growth, according to data from the National Bureau of Statistics (NBS).

**Coal, Crude Oil, and Natural Gas Production** - **Coal**: Output from large-scale industrial enterprises totaled 430 million tons in November, down 0.5% year-on-year (YoY), with daily production averaging 14.23 million tons. Cumulative output from January to November reached 4.4 billion tons, up 1.4% YoY. - **Crude Oil**: Production rose 2.2% YoY to 17.63 million tons in November, accelerating by 0.9 percentage points from October. Daily output averaged 588,000 tons. Cumulative output for the first 11 months grew 1.7% YoY to 198.25 million tons. - **Oil Processing**: Refinery throughput increased 3.9% YoY to 60.83 million tons in November, averaging 2.028 million tons per day. Cumulative processing volume for January–November rose 4.0% YoY to 675.07 million tons. - **Natural Gas**: Output climbed 5.7% YoY to 21.9 billion cubic meters in November, with daily production at 730 million cubic meters. Total output for the 11-month period grew 6.3% YoY to 238.9 billion cubic meters.

**Electricity Production** Large-scale industrial power generation rose 2.7% YoY to 779.2 billion kilowatt-hours (kWh) in November, averaging 25.97 billion kWh daily. Cumulative output for January–November increased 2.4% YoY to 8.8567 trillion kWh.

By energy source: - **Thermal Power**: Fell 4.2% YoY in November, reversing October’s 7.3% growth. - **Hydropower**: Expanded 17.1% YoY, though growth slowed by 11.1 percentage points from October. - **Nuclear Power**: Rose 4.7% YoY, accelerating by 0.5 percentage points. - **Wind Power**: Jumped 22.0% YoY, rebounding from an 11.9% decline in October. - **Solar Power**: Surged 23.4% YoY, with growth speeding up by 17.5 percentage points.

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