Chinanews client, Beijing, September 26 (Reporter Xie Yiguan) Before the "October" holiday, some listed companies started "holidays", but stockholders and even employees of one company were anxious. What happened?
More than 20 listed companies announced production restrictions and suspensions
On the evening of September 24, Jinpu Titanium issued an announcement stating that its subsidiaries Nanjing Titanium White Chemical Co., Ltd. and Xuzhou Titanium White Chemical Co., Ltd. have recently received a request from higher-level government departments for “dual control of energy efficiency”, suggesting that enterprises implement “temporary restrictions”. Measures such as production” and “temporary suspension of production”.
The screenshot is from the announcement of Jinpu Titanium Industry.
On the evening of the same day, Limin also issued an announcement on the temporary suspension of production of its wholly-owned subsidiary due to limited electricity.
Not only the two companies mentioned above, but according to incomplete statistics from reporters from Chinanews.com, more than 20 listed companies have issued announcements of "temporary suspension of production" or "temporary restriction of production" within a few days.
In the announcement, "power supply is tight" and "coordinating with the requirements of the region's dual control of energy consumption" were intensively mentioned.
This phenomenon has also attracted the attention of investors.
On the investor interaction platform, listed companies are frequently asked "Does the'dual limit and dual control' policy affect the company?"
In this context, in the past three trading days, the stocks of most listed companies that have issued production restrictions and cessation of production have fallen one after another, while power stocks have risen sharply. On the 24th, many power stocks have their daily limit.
On the 24th, in the A-share market, many power stocks had their daily limit.
Why is production limited or discontinued?
Judging from the regions where the companies that have issued announcements about production restrictions and discontinuations, they are mainly concentrated in Jiangsu, Zhejiang, Yunnan, Guangxi and other places.
On August 12, the National Development and Reform Commission issued the "Barometer of Completion of Energy Consumption Dual Control Targets in Various Regions in the First Half of 2021", showing that in terms of energy consumption intensity reduction, the energy intensity of 9 provinces (regions) did not decrease but increased in the first half of the year. , Is the first-level early warning, which involves Jiangsu, and Zhejiang is the second-level warning; in terms of total energy consumption control, there are 8 provinces (regions) as the first-level warning, including Guangxi, Yunnan, Jiangsu and other places.
Since then, many provinces and cities have held a work deployment meeting to implement the "dual control of energy consumption" (dual control of energy consumption intensity and total amount), and many early warning regions have adopted substantive measures.
Data map: 10MW photovoltaic power plant.
Photo by Yang Yanmin
For example, from September 8 to September 30, Jiangsu Province carried out a special energy-saving monitoring action for enterprises with a comprehensive energy consumption of more than 50,000 tons in 2021; on September 11, Yunnan Province issued a notice requesting that green aluminum enterprises be ensured from September to December. The average output is not higher than the output in August; the average monthly output of industrial silicon enterprises and yellow phosphorus production lines from September to December is not higher than 10% of the output in August.
On September 16, the National Development and Reform Commission website released the "Plan for Improving the Dual Control System of Energy Consumption Intensity and Total Volume", proposing to resolutely manage and control high-energy-consuming and high-emission projects.
All provinces (autonomous regions and municipalities directly under the Central Government) shall establish lists of high energy-consuming and high-emission projects under construction, proposed construction, and inventory, and clarify their disposal opinions.
On the same day, the Ministry of Ecology and Environment released the "Tackling Plan for Comprehensive Treatment of Air Pollution in the Autumn and Winter of 2021-2022 in Key Regions (Draft for Comment)" to resolutely curb the blind development of "two highs" projects; Building materials, non-ferrous metals, coal power and other industries are the focus; strictly implement the requirements of "dual control" of energy consumption, and resolutely rectify the "two highs" projects that do not meet the requirements.
Local "dual energy consumption control
"
needs to avoid "
one size fits all
"
The implementation of "dual energy consumption control" in multiple places and industries, in the industry's view, is conducive to reducing power consumption and alleviating the tension in coal consumption.
Affected by the tight supply of coal, coal prices continued to rise.
Especially since August, coal spot prices have continued to rise, and futures prices have repeatedly hit new highs.
Data map: Coal railway transportation.
Photo by Lu Yufei
With the intensive implementation of the "dual control of energy consumption" policy, companies have received production restriction notices in turn, "which may bring certain pressure on downstream production capacity and commodity prices." Lin Boqiang, dean of the China Energy Policy Research Institute at Xiamen University, told Sino-Singapore Net reporter.
"Recently, in order to curb the excessive growth of energy consumption in high-energy-consuming industries, some local governments have organized and carried out measures such as energy budget management, orderly power consumption and staggered production of high-energy-consuming enterprises according to the progress of "dual energy consumption control". Regarding the original rectification measures that neglected energy conservation and emission reduction work, we must pay attention to methods and methods to avoid "one size fits all" simplification." The head of Zhejiang Energy Bureau said in an interview with the media on the 23rd.
Liu Shijin, vice chairman of the China Development Research Foundation, believes that preventing carbon reduction from being abused has become another excuse for improper administrative intervention, which seriously affects the normal operation of production and life.
To achieve the "dual carbon" goal, the key is to replace traditional technologies with green technologies. It is to reduce carbon emissions, not to reduce production capacity, and to artificially disrupt the normal order of supply and demand.
(over)