On the evening of April 8, the State Council executive meeting decided to cut the on-grid price of coal-fired power generation and the price of industrial and commercial electricity. The industry pointed out that this policy will benefit the industries with higher electricity costs, especially for electrolytic aluminum production with 40% of electricity costs. enterprise.
On April 8th, Premier Li Keqiang presided over the State Council executive meeting and decided to clean up and regulate the fees charged by enterprises, reduce the on-grid price of coal-fired power generation and the price of industrial and commercial electricity, and appropriately reduce the proportion of iron ore resource tax collection according to law. The burden of the enterprise supports the development of the real economy.
The meeting decided to lower the national coal-fired power generation on-grid price by an average of about 2 cents per kilowatt-hour according to the coal-fired price linkage mechanism; the commercial and industrial electricity prices will be the same, and the national industrial and commercial electricity prices will be reduced by about 1.8 per kilowatt-hour per year. Divide money and reduce the burden of electricity costs for enterprises.
Some brokerage analysts said that this policy will benefit electrolytic aluminum companies. It is reported that the production cost of electrolytic aluminum is composed of electricity cost of about 40%, and the average production of one ton of electrolytic aluminum is 13.8 million kWh. The reduction of the cost of 2 cents of electricity will directly reduce the electrolytic aluminum enterprise by 276 yuan/ton. Production costs.
It is reported that Chinalco, which became the new "loss king" last year due to huge losses of 16.3 billion yuan, said that insiders analyzed that one of the major reasons for its huge losses is the high cost of electricity.
On the other hand, the downward adjustment of coal-fired power generation on-grid tariffs will have a negative impact on thermal power companies. "The reduction in electricity prices will be converted to coal prices of 20 or 30 yuan, but coal prices have fallen by 80 this year." Zeng Hao, an analyst at Shanxi Energy Consulting Co., said that coal prices have fallen sharply. Allowed room for electricity price adjustment.
As of April 8, Qinhuangdao's new phase of the Bohai Sea thermal coal price index (the comprehensive average price of 5,500 kcal thermal coal in the Bohai Rim region) closed at 459 yuan / ton, down 10 yuan / ton from the previous week. Compared with the end of last year, the price of 525 yuan / ton dropped by 66 yuan / ton.
Keywords: electrolytic aluminum, aluminum alloy, aluminum, American Airlines Metal (Shanghai) Co., Ltd.