In the first 10 months, the benefits of the petrochemical industry maintained a good situation

In the first 10 months, the efficiency of the petrochemical industry remained good

According to a report released by the China Petrochemical Federation on December 4, the petrochemical industry has maintained steady economic growth. As of the end of October, the industrial added value of enterprises above designated size in the whole industry increased by 9.4% year-on-year, the same as from January to September. Among them, the added value of the chemical industry increased by 12.2%; Oil and gas extraction industry increased by 2.7%; The refining sector grew by 6.0%.

The overall efficiency of the petrochemical industry continued to maintain a good situation. The growth rate of industry profits has slowed down, the loss of loss-making enterprises has continued to decline, and the loss area has narrowed steadily. From January to October, the petrochemical industry achieved a total profit of 685.72 billion yuan, a year-on-year increase of 10.4%, down 2 percentage points from January to September, accounting for 14.8% of the total national industrial profit in the same period. By industry, from January to October, the total profit of the oil and gas extraction industry was 328.91 billion yuan, down 5.4% year-on-year; The total profit of the refining industry was 29.67 billion yuan, compared with a loss of 19.57 billion yuan in the same period last year; The total profit of the chemical industry was 307.66 billion yuan, an increase of 10.9%; The total profit of the special equipment manufacturing industry was 19.48 billion yuan, an increase of 25.2%.