According to the industry analysis report recently released by the National Development and Reform Commission of China, the petrochemical industry started well in the first two months of this year, continuing the good trend since last year, the industrial output value and the output of major products continued to grow, foreign trade continued to rise, and the market operation was generally stable. Adjustments are gradually advanced.
In the January-February period, the petrochemical industry achieved a production value of RMB 131.9 billion, a year-on-year increase of 33.9%, which is the same as last year's growth rate. Among them, the chemical industry was 847.9 billion yuan, an increase of 35.5% year-on-year, an increase of 2.9 percentage points from last year's growth rate. In the first two months of last year, the average growth rate of the petrochemical industry's industrial added value was about 13.8%, 0.2% higher than the growth rate of last year.
In January-February, the output of major petrochemical products maintained a steady growth momentum, with a processing volume of 72.4 million tons of crude oil, 43.49 million tons of refined oil, and 2.6 million tons of ethylene, up 10.9%, 11.6%, and 35.8% year-on-year respectively. Compared with last year, the growth rate of crude oil processing and refined oil output fell by 2.5 and 1.6 percentage points respectively, and the growth rate of ethylene production increased by 4.1 percentage points.
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