According to CCTV Financial Report, since June, the electricity load of the four provincial power grids in Henan, Hebei, Gansu, and Ningxia, as well as the northwest power grid in the State Grid Corporation’s operating area has hit a record high.
It is expected that during the peak summer period this year, the country’s electricity supply and demand will be generally balanced. If extreme weather phenomena and natural disasters occur, some areas may experience periodic tight supply and demand during the peak period of electricity load, but this will not repeat the nationwide storm last year. The scope of power supply is tight.
As summer approaches, the issue of electricity consumption has once again become the focus of enterprises. We know that electricity costs account for a relatively high proportion of enterprise production costs. For some enterprises, electricity expenses can account for 30 to 40% of production costs. On average, electricity expenses in the basic chemical industry account for 14% of operating costs, ranking first among all major industries. Will there be a retaliatory increase in electricity bills this year? Will power outages happen again?
Recently, Zhejiang and Hunan have both released electricity price adjustment plans for high-energy-consuming enterprises, all of which involve price increases. Since the second half of last year, Inner Mongolia, Ningxia, Shanghai and other regions have already started to “increase electricity prices” one after another. The adjustment allows coal and electricity market transaction prices to float upward on the basis of benchmark electricity prices.
Level 6 power cuts are activated, with a maximum daily power outage of 9 hours
It is reported that South Africa’s national power company Eskom announced that it will implement a new round of level 6 power restrictions starting from July 4.
Since the beginning of 2022, the South African Electricity Group has reduced power generation by 2,276 gigawatt hours, which is close to the level for the whole of 2021, and the duration of power restrictions has exceeded 90% of the total duration of power restrictions in 2021. Due to unexpected impacts such as large-scale strikes and power generation unit failures, power outages for some residents and businesses even lasted as long as 9 hours a day!
South Africa’s electricity shortage has hit the topic list, and the topic of “power” has once again become the focus of hot discussions in the industry. As my country enters summer and the annual “power consumption peak” hits, industry insiders are paying attention to this year’s “scientific power consumption” plan.
As early as May, the State Council’s executive meeting made it clear that power cuts will never be allowed! As of press time, 28 provinces and cities have issued orderly electricity consumption policies to deal with power supply and demand issues.
Although the phenomenon of widespread power supply shortages across the country is repeated last year. However, please still pay attention to the electricity usage policy and make a good production plan.
Expansion everywhere, the consequences of overproduction are backlash!
Cash flow depletion may plunge companies into a quagmire of vicious low-price competition.
Since the beginning of this year, with the continuation of the Russo-Ukrainian war, the world economic structure has quietly changed. Foreign workers have continued to go on strike, and domestic workers have continued to take “holidays”. In the past few years, there has been expansion, and the consequences of overproduction are backfired on global enterprises. As a mid- to downstream enterprise, Textile and chemical fiber companies are the first to bear the brunt.
From an overall perspective, textile companies have been in trouble in recent years, and there are four direct reasons.
The first is that during the three years of the epidemic, all walks of life have suffered.
The second is that environmental protection requirements are getting higher and higher. The restrictions on the development of energy-intensive chemical companies have not been relaxed due to the arrival of the epidemic, and various environmental protection regulations are still on line as scheduled.
The third is that the “thunder” laid by the loan expansion in previous years has made it difficult for enterprises to survive after natural and man-made disasters such as the epidemic and the Russia-Ukraine war, and a large number of small and medium-sized enterprises have difficult to solve financing and loan problems.
The fourth is factory rent. All walks of life are depressed, but wages and rents have to be paid all the time, which has led to the cash flow of small and medium-sized enterprises drying up.
But the negative impact of vicious price competition is more terrifying than the wave of industry bankruptcies. Relevant experts said that if a company uses ultra-low prices to grab orders and customers, other companies will often be forced to join price wars for insurance policies, and will inevitably fall into the quagmire of vicious low-price competition.
In the complex market, any slight disturbance will cause a butterfly effect. As the epidemic intensifies and extreme weather continues to occur, downstream industries, manufacturing and other industries will experience low prices and plummeting sales, and the demand for raw materials will also decline. The market has been pushed into a colder winter, and the future of chemical fiber people is still disturbing…
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