中国能源：国际AI工业+能源周报：美国主要地区电力平均现货价格环比下降2.86%，大选结果可能提高进口关税

Core Insights - In China, the average price of LNG at the port decreased by 7.21% to $12.87 per million British thermal units, while the market price fell by 4.44% to 4,564 yuan per million British thermal units [10][11] - From January to September, the total electricity traded across national power trading centers reached 45,934.7 billion kilowatt-hours, marking a year-on-year increase of 9.2% [10] - By the end of September 2024, newly installed energy storage capacity reached 58.52 million kilowatts/128 million kilowatt-hours [10] - In September, newly installed photovoltaic capacity was 20.89 GW, a year-on-year increase of 32.38% [10] - Wind power installations from January to September 2024 reached 39.12 GW, a year-on-year increase of nearly 16.8% [10] - Total investment in the power grid is expected to approach 600 billion yuan for the year, marking a record high [10] China Energy Market and Industry Updates Natural Gas Market Updates - The average price of LNG in China has decreased, with a significant increase in production following the end of gas restrictions [10][12] - The domestic market is experiencing a surplus in supply, leading to downward pressure on prices [12] Electricity Market Updates - Industrial electricity generation increased by 6.0% year-on-year in September, with significant growth in thermal and wind power generation [13] - The total industrial electricity generation from January to September was 70,560 billion kilowatt-hours, reflecting a year-on-year growth of 5.4% [13] Energy Storage Lithium Battery Market Updates - The average price for a 2-hour energy storage system increased by 3.8% in October, with significant project bidding activity reported [18] - The total energy storage capacity in October was 4.62 GW/13.61 GWh, with notable performance in Gansu and Xinjiang [18] Photovoltaic Market Updates - From January to September, newly installed photovoltaic capacity reached 160.88 GW, a year-on-year increase of 24.8% [23] - The average price of polysilicon remains under pressure, with mainstream prices around 40 yuan per kilogram [24] Investment Recommendations - Chinese companies are expected to benefit significantly from the energy transition in Europe and the US, particularly in offshore wind power development [4] - The report suggests focusing on leading battery manufacturers with overseas expansion advantages and sufficient technological reserves [4] - Companies involved in high-value subsea cables, tower manufacturing, and primary and secondary power equipment are also recommended for investment [4]