Benefit differentiation of China's petrochemical i

The China Petrochemical Federation recently released the report on the economic operation of the petroleum and chemical industry in the first three quarters. The report shows that the economic operation of the petrochemical industry in the current period is generally stable and stable. The overall production of oil, gas and major chemicals in China remained normal, the market supply and demand were basically stable, the price continued to rise during the tensile test of ribbed steel samples, and the benefits stabilized and improved. However, the cost of the industry has rebounded rapidly recently, the decline of fixed asset investment is still large, the import and export pressure of the chemical market continues to increase, and the downward pressure is still large

in the first three quarters, the cumulative added value of the national petrochemical industry increased by 8%, down 0.7 percentage points from the first half of the year. Among them, the added value of the chemical industry increased by 9%, 0.3 percentage points lower than that in the first half of the year; The oil and gas exploitation industry decreased by 3.3%, and the decline was expanded by 1.3 percentage points; The oil refining industry increased by 8.1%, slowing down by 1.3 percentage points. In the same period, the main business income of the whole industry was 9.54 trillion yuan, a year-on-year decrease of 0.5%, 0.6 percentage points lower than that in the first half of the year

in terms of production, the production of energy and major chemicals slowed down. In the first three quarters, the total national oil and gas output was 247 million tons of oil equivalent, a year-on-year decrease of 2.5%, an increase of 1.7 percentage points over the first half of the year; The total amount of major chemicals increased by about 2.5%, and the growth rate decreased by 1.6 percentage points

investment continued to decline, especially in oil and gas exploitation. In the first three quarters, the actual investment in oil and gas exploitation industry was 153.7 billion yuan, a year-on-year decrease of 32%, an increase of 14 percentage points over the first half of the year; The investment in chemical manufacturing industry was 1061.1 billion yuan, a decrease of 4.2%, narrowing by 0.3 percentage points

while the overall benefits of the industry are getting better, it shows a trend of obvious differentiation. In the first three quarters, the total profit of the whole industry was 437.49 billion yuan, a year-on-year decrease of 3.1%, 4.1 percentage points lower than that in the first half of the year. By industry, the net profit loss of the oil and gas exploitation industry reached 43.58 billion yuan in metallurgy, textile, automobile, colleges and universities and other fields, an increase of 2.32 billion yuan over the first half of the year; The total profit of the oil refining industry was 120.31 billion yuan, breaking the 100 billion yuan mark for the first time in history, with a year-on-year increase of 202.6%; The total profit of chemical industry was 347.31 billion yuan, an increase of 13.9%. In addition, the total profit of special equipment manufacturing industry was 13.45 billion yuan, a year-on-year decrease of 19.6%. In the chemical industry, the profit growth rate of synthetic materials, basic chemical raw materials and coating (pigment) manufacturing industry was high, reaching 38.6%, 36.3% and 13.4% respectively; The profit growth rate of specialty chemicals and rubber products industry was 11.9% and 8.9%. The profit of fertilizer manufacturing industry continued to decline sharply, with a decline of 52.9%, of which the net loss of nitrogen fertilizer industry was 8.48 billion yuan

the report predicts that in the fourth quarter, the economic operation of the petrochemical industry will continue the trend of "overall stability, stability and improvement", but the trend will continue to divide, the downward pressure is still great, and the task of stabilizing growth is still arduous. It is estimated that the added value of the whole industry will increase by 8.2%, the main revenue will increase by 1%, and the total profit is basically the same as that of the previous year, of which the total profit of the chemical industry will increase by about 10%