electricity demand good situation will stimulate or wire and cable demand growth
in september 14th, released by the state energy bureau in august the whole society electricity data display, the month of china's total electricity consumption 510300000000 kwh, an increase of 13.7%, growth in 4 consecutive months of recovery, and hit a two-year high. the whole society with improved electrical data, may be a good news for the wire and cable industry.
data shows, january to august, the whole society electricity consumption totaled 3500300000000 kwh, year-on-year growth of 6.8%. sub industries, the first, second, third industry power consumption was 69200000000 kwh, 2565400000000 kwh, 416100000000 kwh, an increase of respectively 6.3%, 10.7%, -0.5%. the life of urban and rural residents consumption 449600000000 kwh, up 7.5%.
at present, chinese wire and cable industry is facing the embarrassment of low operating rate. according to a research team to chinese two wire and cable production base -- jiangsu wuxi and anhui enterprises show tracking survey: wuxi area is research of medium and small enterprises in august 41, the average operating rate was 56.52% (see chart 1); anhui province by investigation of medium and small enterprises in all 34, in august the total average operating rate was 66.09% (see table 2). excess capacity, pile up in excess of requirement is hindering the normal business of cable enterprise. pull the wire and cable demand growth for the elimination of excess capacity, enhance the cable industry operating rate of great help.
electricity consumption rose of cable demand growth has a pulling effect. recovery in consumption helps to speed up the construction of power, as in august 24th, the south chinese academician, academy of engineering specialist committee chairman li liying held in guangzhou the "super high voltage cable wires and energy-saving new technology exchange" that "special high-voltage power grid china in recent years development speed very quickly, which is a very important the reason is china demand." uhv power construction in large part because electricity demand growth, and electric power construction of cable demand quantity is often very large.
in august the total electricity consumption grew up to a two-year high of 13.7%, and the growth rate rose for 4 consecutive months, the good situation that may stimulate the growth of wire and cable demand in china.