公用事业行业—电力天然气周报：大唐新能源中标电算协同项目，地缘冲突持续下亚欧气价维持高位

Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The utility sector has shown resilience, with the sector index rising by 3.1% as of March 13, outperforming the broader market [4][12] - The electricity sector specifically saw a 3.42% increase, while the gas sector experienced a slight decline of 0.07% [16] - Key developments include the successful bid by Datang Group for a 2.6 million kW "computing and electricity synergy" project, indicating a shift towards integrating digital and green energy solutions [5] Summary by Sections Market Performance - As of March 13, the utility sector rose by 3.1%, outperforming the Shanghai Composite Index which increased by 0.2% [12] - The electricity sector's performance was particularly strong, with a 3.42% increase, while the gas sector saw a minor decline [16] Electricity Industry Data Tracking - The price of thermal coal at Qinhuangdao Port (Q5500) was 731 CNY/ton, down 14 CNY/ton week-on-week [21] - Coal inventory at Qinhuangdao Port increased to 6.6 million tons, up 930,000 tons week-on-week [27] - Daily coal consumption in inland provinces decreased to 3.113 million tons, down 544,000 tons/day week-on-week [29] Natural Gas Industry Data Tracking - Domestic LNG prices rose to 4,881 CNY/ton, a 12.31% increase week-on-week [55] - The European TTF spot price was 16.98 USD/MMBtu, up 25.2% year-on-year [58] - The EU's natural gas supply for week 9 of 2026 was 6.69 billion cubic meters, a 10.3% increase year-on-year [62] Industry News - Datang Group's project marks a significant step in the integration of computing power and electricity, aligning with national strategies for green energy [5] - Ongoing geopolitical tensions have raised concerns about the security of energy infrastructure, particularly in relation to Russian gas supplies [5] Investment Recommendations - The electricity sector is expected to see profit improvements and value reassessment, with a focus on leading coal power companies such as Guodian Power and Huaneng International [5] - Natural gas companies are also positioned to benefit from stable margins and increased sales volumes due to recovering domestic consumption [5]