As the most basic energy material, once the price of coal rises, it will have a great impact on many industries, mainly in several aspects.
First, the electricity price is tight. The biggest impact of rising coal is power supply, because a large part of China's coal consumption is used for power generation.
In China's electricity structure, more than 60% of electricity is supplied by coal.
Recently, the rapid rise in coal prices has led to a rapid rise in the cost of thermal power generation, and many power companies have seen the phenomenon that the online price and power generation cost are upside down.
Moreover, in the context of the rapid rise of coal prices, the coal stocks of many enterprises are rapidly declining, and the enthusiasm of enterprises for power generation is also decreasing. Many enterprises reduce power generation on the grounds of overhaul or upgrade of generator sets, so as to achieve the purpose of reducing losses.
Once the enthusiasm of coal-fired power generation is not high, or even the power generation is reduced, it will lead to insufficient power supply in society. Recently, the electricity consumption of the whole society is high, and there will be a big gap if enterprises can't keep up with power generation, which is also an important reason why more than 20 provinces in the country restricted electricity in the past.
Second, heating in the north may face a certain impact. Now that the north has begun to enter the cold weather, it is estimated that comprehensive heating will begin in a while. However, with the rapid rise of coal prices, the cost of heating will definitely rise.
Of course, even if the price of coal rises, all localities will give priority to ensuring the coal needed by residents for heating, so there is definitely no problem in heating. However, in the context of rising heating costs, it is unknown whether residents' heating costs will rise accordingly.
Third, the cost of coal downstream enterprises has risen. Besides being used for power generation and heating, coal is also the raw material of many industrial products, such as cement, steel, chemicals and building materials. After the coal price rises, the prices of these downstream industries will also rise, as can be seen from the recent trend of cement prices.
Since August, with the increase of coal price, the price of cement has been rising all the way. In recent months, the price of cement in many places has increased by more than 30%. At present, the wholesale price of cement in some places has even reached more than RMB 1,000 per ton 1 000, which is even higher than the annual price by more than 1 000%.
In this round of cement price increase, in addition to capacity limitation is the biggest reason, the rise of coal price also has a certain impact.
Because the prices of these raw materials cannot rise, the prices of corresponding construction or other downstream industries will also rise to varying degrees.
Fourth, the impact of power outage and shutdown on enterprises. Recently, due to the large power gap, many places have lost power. In this context, many local enterprises are in a state of shutdown and power failure, and some enterprises are even in a state of "two stops and five stops", which greatly affects the normal production and operation of enterprises.
For example, at present, some enterprises originally planned to deliver the goods within one month, because the power outage can only be postponed, some enterprises delayed for three months, and some even delayed delivery for six months.
Delayed delivery not only affects the cooperative relationship between enterprises and partners, but more importantly, delayed delivery leads to the failure of normal withdrawal of funds, which may weaken the solvency of enterprises and even lead to the risk of debt default.
It can be seen that the impact of rising coal prices is still relatively large, and this impact is a link, and all downstream industries are greatly affected by rising coal prices. If the coal price cannot be controlled in the short term, it may have a greater impact in the future.
Of course, in addition to the impact on industrial enterprises, the recent power outage in some parts of Northeast China will also have a certain impact on the daily life of residents.
However, the recent rise in coal prices has attracted great attention at the national level. The state has clearly taken various measures to control coal prices, increase coal supply and dredge the coal transportation system.
It is believed that under the supervision and control of the state, the coal supply should gradually increase, the corresponding coal price will tend to be stable or even decline, and then production and life will return to normal.