December 4 , China Petroleum and Chemical Industry Federation issued before October petroleum and chemical industry report showed the economy : 1 to 10 months , the industry ‘s main revenue growth of 9.0% , profit growth of 10.4% , 19.5 Fixed asset investment growth % of total exports increased by 3.8 %, mainly the total apparent consumption of chemical products increased by approximately 4.3%. Current chemical market still weak effective demand , fertilizers, inorganic bases such as industry overcapacity problem is still serious, the situation for the better efficiency of the sector still faces challenges , there are still downside risks to economic growth .
Report that the economy has maintained steady growth in the petrochemical industry . As of late October , the oil and chemical industry enterprises above designated size 28298 , total industrial added value increased by 9.4 percent, unchanged from January to September . Among them, the chemical industrial added value increased 12.2% ; oil and gas industry grew by 2.7% ; refining industry grew by 6.0% . 1 to 10 months , the industry ‘s main business income of 10.77 trillion yuan , an increase of 9.0% , the growth rate was flat with 1 to September , accounting for 13.0 percent of the nation’s industrial main income. The overall effectiveness of the petrochemical industry to continue to maintain a good situation. Industry profit growth has slowed, the amount of loss continues to decline , the loss steady narrowing. According to Bureau of Statistics, from January to October , the oil and chemical industry realized a total profit of 685.72 billion yuan , an increase of 10.4% , higher than the 1 to September fell two points West , accounting for 14.8 percent of the nation’s total industrial profits over the same period . In terms of industries , from 1 to 10 months, the total profit oil and gas industry, 328.91 billion yuan , down 5.4 percent year on year ; total profit of 29.67 billion yuan refining industry , compared with a loss of 19.57 billion yuan ; chemical industry total profit of 307.66 billion yuan , an increase of 10.9% ; special equipment manufacturing industry total profit of 19.48 billion yuan , an increase of 25.2%.
Energy production is generally stable , the main chemical products increased acceleration. 1 to 10 months, the national oil and gas production ( oil equivalent ) grew by 4.0% from January to September were flat ; principal amount of chemicals increase of about 5.7 percent over the previous September to speed up 0.4 percentage points.
Investment growth accelerated. 1 to 10 months, the oil and chemical industry investment in fixed assets 1.66 trillion yuan , an increase of 19.5% , an increase of 1.1 percentage points compared to September 1 , lower than the national average increase of investment in fixed assets by 0.6 percentage points , accounting for the investment in fixed assets 4.7% of the total ( dismay farmers ) of .
Fluctuations in export rebound . 1-10 months, the total import and export industry 533.37 billion U.S. dollars , an increase of 1.4%. Which imports 385.08 billion U.S. dollars , an increase of 0.5% , accounting for 24.1% of total imports ; exports 148.29 billion U.S. dollars , an increase of 3.8% , compared with 1 to 0.4 percentage points in September , accounting for 8.2 % of total exports ; cumulative deficit of 236.79 billion U.S. dollars, up 1.5 percent narrowing .
Oil demand growth slowed , mainly chemicals demand accelerated. Data show that from January to October , China’s total apparent consumption of oil and natural gas as 532 million tons ( oil equivalent ) , 7 -year increase of 5.0 % over January to September fell 1.1 percentage points ; major increase in the total apparent consumption of chemicals approximately 4.3% , compared with 1 to September was 0.6 percentage points.
