According to the analysis, this means that the power consumption of the world oil China will gradually reduce the consumption in the end that the petrochemical energy consumption ratio, including oil and coal. “Planning”, “13th Five-Year” period also adhere to conservation priority policy, efforts to promote the related fields of oil consumption reduction alternatives, focus on improving the automobile fuel economy standards, vigorously promote new energy vehicles, and vigorously promote the port and airport transportation using electricity instead of oil “,” gas instead of oil”. Representative is the development of new energy vehicles, the trend of the one hand means that the power consumption of the blowout (charging infrastructure construction), on the other hand that oil fuel lost a big consumer “position”.
| Thiourea |
In addition, in the “non fossil energy development plan” advocated by the solar and wind energy, hydropower, nuclear power development was included in the list, the planning of solar power by 2020 to reach more than 110 million kilowatts scale. Analysts said the new energy into electricity in the process almost to cannot do without a raw materials such as copper, every 100 megawatts of wind energy conversion power output to use 3.6 tons of copper.
Not only have the whole world in view, Chinese, irreversible energy revolution trend. Since the 2014 collapse of oil prices, global oil prices continued to slump, although the 2016 back to $50 / barrel, but its high of $120 / barrel glory has not mentioned in the same breath. The United States shale oil operation efficiency and technology level rising, the production cost decreased gradually. This is the heart of heavy oil bulls.
| Sulfamic acid |
Analysts believe that for a long time, after the two oil crisis, crude oil is affected by demand side become more and more obvious, the macroeconomic thermometer, and a copper with the economic cycle fluctuations, the correlation between the two in recent years continue to strengthen.
A brokerage for senior macroeconomic researcher Huang Xiaojun (a pseudonym) explained that the history of the relationship between the price of oil and copper have experienced two stages. The first stage is the last century in 70s, the first time after the outbreak of the oil crisis, large-scale oil market supply reduction, soaring oil prices, inflation, prices to rise. The second stage is the last century in 80s to the beginning of this century, supply factors (the Gulf War) influence oil prices lead to changes in the price of copper, with the rise is not obvious, and the demand factor prices become dominant, dominant and synchronous copper. Overall, the first phase of copper and oil prices is more direct relationship between lead and follow, and the second stage is also the correlation produced by economic factors. “Since then, the oil market supply side calmed down, change of copper and oil prices changes mainly depends on the demand rather than the supply side, while globalization has led to various regions of the world economic cycle trend is consistent, so this period of copper and oil prices change almost fit world economic ups and downs, and a strong consistency.”
| Magnesium Sulphate |
China Securities newspaper reporter contrast after 2004 Brent crude oil and LME copper historical trend found that before 2011, the two movements are very high similarity. But after 2011, oil prices relatively resilient while copper prices decline is relatively smooth, and since 2011 the Middle East geo political events continue on. In 2016, two have to force, but the price is relatively weak in many.