国际能源+工业周报(9/16-9/22)：全社会用电量同增8.9%，美国对华加征50%关税

Investment Rating - The report suggests that Chinese companies are expected to benefit significantly from the energy transition in Europe and the United States, recommending a focus on leading battery manufacturers with overseas layouts and sufficient technological reserves, as well as high-value submarine cable companies and top-tier power equipment manufacturers [2]. Core Insights - In China, the LNG import price and market price continued to decline, with the LNG import price at $12.91 per million British thermal units, down 3.51% week-on-week, and the market price at $5,077 per million British thermal units, down 3.24% [4][6]. - Total electricity consumption in August reached 964.9 billion kilowatt-hours, a year-on-year increase of 8.9%, with cumulative consumption from January to August at 6,561.9 billion kilowatt-hours, up 7.9% year-on-year [4][9]. - In the energy storage lithium battery sector, CATL launched commercial vehicle batteries for overseas markets [4]. - In the photovoltaic sector, 16.46 GW of new installations were added in August, representing a year-on-year increase of 2.88%, with a total of 139.99 GW added from January to August, up 14.0% year-on-year [20][22]. - Wind power installations from January to August reached 33.61 GW, a nearly 16.22% increase year-on-year, while grid investment totaled 333 billion yuan, up 23.1% year-on-year [4][9]. - The report highlights the ongoing developments in ESG initiatives, including the announcement of climate funding goals by the COP29 presidency [4]. Summary by Sections 1. Natural Gas Market Update - The LNG import price and market price in China have decreased, with the market price remaining under pressure due to weak downstream demand [4][6][7]. - Policies in various provinces aim to enhance natural gas supply and pricing mechanisms, promoting non-fossil energy sources [8][19]. 2. Electricity Market Update - Industrial electricity generation in August was 907.4 billion kilowatt-hours, a year-on-year increase of 5.8%, with various energy sources showing different growth rates [9][11]. - Policies are being implemented to facilitate green electricity trading and enhance the role of renewable energy in the power market [13][30]. 3. Energy Storage Lithium Battery Market Update - The average price of 2-hour energy storage systems increased by 16.4% month-on-month, with significant project scales being reported [15]. - Lithium material prices, particularly lithium carbonate, have shown fluctuations, with battery-grade lithium carbonate priced at 75,100 yuan per ton, up 3.59% week-on-week [18][19]. 4. Photovoltaic Market Update - The report indicates a robust growth in photovoltaic installations, with significant increases in both new installations and cumulative capacity [20][22]. - Prices in the photovoltaic supply chain are under pressure, with various components showing price stability or slight declines [22][25]. 5. Wind Power Market Update - The wind turbine procurement market is active, with multiple projects initiating procurement for a total of 1,017.5 MW [31].