China's energy use shows further slump in September

Chinese September energy related economic statistics are showing slump.

China's crude oil import in September fell 2.2% from a year ago to 20 million tonnes or 4.9 million barrels per day, according to the General Administration of Customs. It was an another year-on-year decrease following August.

China was estimated increasing extra crude oil to fill the new strategic petroleum reserve facilities during the first half of this year. After completing the stockpile, crude oil imports for real demand show such sluggish figures.

Crude oil imports in the China in the first nine months rose 5.5% on year to 200 million tonnes, according to the customs data. However, the growth rate would be only 0.6%, if deduct the 80 millions barrel of strategic reserve amount from the total number.

On the other hand, State Electricity Regulatory Commission announced that China's electricity supply in September was 394.5 billion kilowatt-hour, rose only 2.2% from a year earlier.

The SERC's data showed the country's power supply increased 5.5% during first 6 months in this year to 2.37 trillion kWh, then rose 4.5% on year to 45.4 billion kWh in July and up 3.6% from a year ago to 44.5 billion kWh in August.

China's year-on-year growth of power supply was two digits last year. The growth of the electricity demand is apparently slowing down month by month.

Meanwhile, the sluggish tendency did not accelerate in September. It suggests the nationwide anti-Japan campaign did not affect entire Chinese industry significantly.

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