(It is expected that the industrial added value will increase by 10% to 15% in 2007)
The analysis report just completed by the China Petroleum and Chemical Industry Association shows that from January to November 2006, the total profit of the industry was 403.2 billion yuan, a year-on-year increase of 19.9%, and 32.41 billion yuan higher than the 37.79 billion yuan in 2005. This means that the economic efficiency of the oil and chemical industry has maintained double-digit growth for the eighth consecutive year.
From January to November 2006, China's petrochemical industry achieved a current industrial output value of 3,867.8 billion yuan, a year-on-year increase of 27.6%; an industrial added value of 1,090.98 billion yuan, an increase of 22.1% year-on-year; and a total profit of 403.2 billion yuan, a year-on-year increase of 19.9%. From January to November, the total profits of the oil and gas exploration industry reached 350.85 billion yuan, a year-on-year increase of 26.4%. The total realized profit of the chemical industry industry was 96.84 billion yuan, a year-on-year increase of 18.9%.
With the successive production of new capacity in recent years, the output of most petroleum and chemical products continued to grow rapidly in 2006. According to the latest statistical data, there are 61 kinds of 65 kinds of bulk products that have been tracked and the output has increased by 93.8% compared with the previous year, and 44 of them have increased by more than 10%, accounting for 67.7%. The output of crude oil in 2006 was 183.676 million tons, an increase of 1.7% over the previous year; natural gas production was 58.55 billion cubic meters, a year-on-year increase of 19.2%. The total fertilizer output (refine, the same below) was 53.048 million tons, an increase of 14.2% over the previous year. The output of pesticides was 1.296 million tons, a year-on-year increase of 20.2%.
From January to November of 2006, the oil and chemical industry achieved a sales value of 380.34 billion yuan, a year-on-year increase of 27.5%; the industry-wide product sales rate reached 98.4%, which was basically the same as the previous year. The average annual price of chemical products rose slightly more than that of the previous year. According to the statistics from the China Petroleum and Chemical Industry Association, the 136 kinds of products that were tracked by the average have an annual average price increase of 69 species, accounting for 50.7%, and a decrease of 66 species, accounting for 48.5%. Organic chemicals and synthetic resins are driven by cost, and prices have risen significantly.
Industry insiders expect that in 2007 the oil and chemical industry will maintain a 10% to 15% growth rate of industrial added value. Among them, the crude oil processing industry is likely to benefit from the fall in oil prices and the reform of the refined oil pricing mechanism.
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The analysis report just completed by the China Petroleum and Chemical Industry Association shows that from January to November 2006, the total profit of the industry was 403.2 billion yuan, a year-on-year increase of 19.9%, and 32.41 billion yuan higher than the 37.79 billion yuan in 2005. This means that the economic efficiency of the oil and chemical industry has maintained double-digit growth for the eighth consecutive year.
From January to November 2006, China's petrochemical industry achieved a current industrial output value of 3,867.8 billion yuan, a year-on-year increase of 27.6%; an industrial added value of 1,090.98 billion yuan, an increase of 22.1% year-on-year; and a total profit of 403.2 billion yuan, a year-on-year increase of 19.9%. From January to November, the total profits of the oil and gas exploration industry reached 350.85 billion yuan, a year-on-year increase of 26.4%. The total realized profit of the chemical industry industry was 96.84 billion yuan, a year-on-year increase of 18.9%.
With the successive production of new capacity in recent years, the output of most petroleum and chemical products continued to grow rapidly in 2006. According to the latest statistical data, there are 61 kinds of 65 kinds of bulk products that have been tracked and the output has increased by 93.8% compared with the previous year, and 44 of them have increased by more than 10%, accounting for 67.7%. The output of crude oil in 2006 was 183.676 million tons, an increase of 1.7% over the previous year; natural gas production was 58.55 billion cubic meters, a year-on-year increase of 19.2%. The total fertilizer output (refine, the same below) was 53.048 million tons, an increase of 14.2% over the previous year. The output of pesticides was 1.296 million tons, a year-on-year increase of 20.2%.
From January to November of 2006, the oil and chemical industry achieved a sales value of 380.34 billion yuan, a year-on-year increase of 27.5%; the industry-wide product sales rate reached 98.4%, which was basically the same as the previous year. The average annual price of chemical products rose slightly more than that of the previous year. According to the statistics from the China Petroleum and Chemical Industry Association, the 136 kinds of products that were tracked by the average have an annual average price increase of 69 species, accounting for 50.7%, and a decrease of 66 species, accounting for 48.5%. Organic chemicals and synthetic resins are driven by cost, and prices have risen significantly.
Industry insiders expect that in 2007 the oil and chemical industry will maintain a 10% to 15% growth rate of industrial added value. Among them, the crude oil processing industry is likely to benefit from the fall in oil prices and the reform of the refined oil pricing mechanism.
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