公用事业—电力天然气周报：电力央企掀起资产重组潮，9月国内天然气产量同比增长6.8%

Investment Rating - The investment rating for the utility sector is "Positive" [1] Core Insights - The report highlights a wave of asset restructuring among state-owned power enterprises, with domestic natural gas production in September increasing by 6.8% year-on-year [2][3] Market Performance - As of October 25, the utility sector rose by 0.8%, underperforming the broader market, while the power sector increased by 0.74% and the gas sector by 1.29% [6][7] - The report notes that the coal price at Qinhuangdao Port (Q5500) was 853 CNY/ton, a slight increase of 1 CNY/ton week-on-week [6][10] Power Industry Data Tracking - The average price of electricity in the Guangdong market decreased by 4.33% week-on-week to 338.38 CNY/MWh as of October 18 [18] - The report indicates that the daily coal consumption in inland provinces was 313.5 million tons, down 7.55% week-on-week, with available days increasing to 30.6 days [12][13] Natural Gas Industry Data Tracking - Domestic natural gas apparent consumption in September was 33.88 billion cubic meters, up 14.4% year-on-year, while production reached 19.33 billion cubic meters, a 7.7% increase [2][3] - The LNG ex-factory price index in Shanghai was 4,852 CNY/ton, down 5.07% year-on-year and 3.35% month-on-month [23] Key Industry News - The report mentions that the State Power Investment Corporation is accelerating the integration of green assets, with a focus on clean energy development [2] - In September, the natural gas production of large-scale industrial enterprises reached 19.3 billion cubic meters, marking a 6.8% year-on-year increase [2]