According to data from the China Petroleum and Chemical Industry Association, in May, the output value of China's petroleum and chemical industries grew steadily, realizing a current industrial output value of 443.42 billion yuan, a year-on-year increase of 19.5%, of which crude oil and natural gas extraction industry realized a current value of 69.78 billion yuan, up The decrease of 0.9% was mainly due to the fact that the oil price was lower than that of the same period of last year; the oil refining industry achieved a production value of 127.77 billion yuan, a year-on-year increase of 14.4%; the chemical industry output value grew rapidly, achieving a production value of 238.57 billion yuan, a year-on-year increase of 29.6%. In the chemical industry, the output value of the synthetic materials and specialty chemicals industry grew fastest, which was 36.8% and 36.1% higher than the same period of last year. Fertilizers and pesticides industry, due to stable prices, a relatively small increase in output value, an increase of 24% and 23.4%, respectively, for the lowest growth in the chemical sub-sector.
In May, the domestic petroleum and chemical markets experienced strong demand and sales were active. The current sales value achieved a total sales value of 437.57 billion yuan, a year-on-year increase of 20.5%; the industry-wide product sales rate reached 98.7%, an increase of 0.8 percentage points year-on-year. Among them, the production and sales ratio of crude oil and natural gas extraction was 98.6%, which was a 0.4% increase year-on-year; the production and sales ratio of the oil refining industry was 99.8%, an increase of 1 percentage point year-on-year; the production and sales ratio of the chemical industry was 98.1%, an increase of 0.7 percentage points year-on-year. The sales situation of agrochemicals was still good, with the production and sales ratio of chemical fertilizers 98.8%, which was a year-on-year increase of 1 percentage point; the production and sales rate of pesticides was 95.4%, an increase of 0.6% year-on-year. The production and sales ratio of coatings, inks and similar products and basic chemical raw materials decreased slightly year-on-year.
In May, the domestic petroleum and chemical markets experienced strong demand and sales were active. The current sales value achieved a total sales value of 437.57 billion yuan, a year-on-year increase of 20.5%; the industry-wide product sales rate reached 98.7%, an increase of 0.8 percentage points year-on-year. Among them, the production and sales ratio of crude oil and natural gas extraction was 98.6%, which was a 0.4% increase year-on-year; the production and sales ratio of the oil refining industry was 99.8%, an increase of 1 percentage point year-on-year; the production and sales ratio of the chemical industry was 98.1%, an increase of 0.7 percentage points year-on-year. The sales situation of agrochemicals was still good, with the production and sales ratio of chemical fertilizers 98.8%, which was a year-on-year increase of 1 percentage point; the production and sales rate of pesticides was 95.4%, an increase of 0.6% year-on-year. The production and sales ratio of coatings, inks and similar products and basic chemical raw materials decreased slightly year-on-year.
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