Economic operation of Jiangsu petrochemical industry in the first three quarters of 2021

(1) Industry operations continued to recover well, but downward pressure appeared

Entering 2021, with the normalization of effective prevention and control of the epidemic and the gradual construction of a dual-cycle economy, the petrochemical industry in Jiangsu Province will continue to recover well
.
Due to the low base in the previous year and the small fluctuations in production due to the "local New Year" during the Spring Festival this year, the industry has changed from the downward trend for two consecutive years and has shown a high-speed recovery growth
.
In the second half of the year, the growth rate slowed down due to factors such as Delta’s new crown virus epidemic and the double-limited and double-controlled energy consumption
.
As of the end of September, there were 2,799 enterprises above designated size in the petrochemical industry in the province, a decrease of 58 from the end of the previous year
.
In the first nine months, the main business income of the above-scale enterprises was 991.
020 billion yuan, a year-on-year increase of 33.
11%; the total profit was 109.
793 billion yuan, a year-on-year increase of 171.
27%; the operating income profit margin was 11.
08%, a year-on-year increase of 5.
53 points, which was 2011.
high since
.
The main business income of the petrochemical industry accounted for 9.
22% of the province's industry, an increase of 0.
57 percentage points year-on-year; while the total profit accounted for 16.
13% of the province's industry, an increase of 7.
94 percentage points year-on-year, contributing to the province's industrial profit growth The rate was 37.
17%, driving the industrial profits on the scale to increase by 14.
01 percentage points year-on-year
.

There were 2,377 enterprises above designated size in the chemical raw material and chemical product manufacturing industry, a decrease of 88 from the end of the previous year; the industrial added value increased by 10.
0% year-on-year, but the month of September fell by 5.
8% year-on-year; the operating income was 821.
181 billion yuan, a year-on-year increase of 34.
45%; The total profit achieved was 100.
037 billion yuan, a year-on-year increase of 154.
72%; the operating income profit margin was 12.
18%, a year-on-year increase of 5.
75 percentage points
.

Compared with the whole province's industry, the petrochemical industry's main economic performance indicators are superior: the total profit and the year-on-year growth rate of operating income are ahead by 133.
57 and 8.
30 percentage points respectively, and the profit margin of operating income is 4.
75 percentage points higher than that of the industry as a whole.
It is about 4.
79 percentage points lower than that of the industry as a whole
.

Fixed asset investment continued to decline
.
In the first nine months, the investment in fixed assets in the chemical raw material and product manufacturing industry decreased by 15.
7% year-on-year; however, the refining and processing, coking and nuclear fuel processing industries increased by 110.
5% year-on-year due to the smooth progress of the Lianyungang refining and chemical integration project
.
The situation of key parks is relatively good, but the growth rate has dropped compared with the previous period of this year
.
Changshu New Materials Industrial Park completed fixed asset investment of 2.
346 billion yuan, an increase of 8.
2% year-on-year; Taixing Economic Development Zone completed industrial investment of 6.
33 billion yuan in the first 10 months, an increase of about 10% year-on-year
.

Industry losses continued to shrink
.
By the end of September, the number of loss-making enterprises above designated size was 463, a decrease of 4 from the end of last month; the loss of loss-making enterprises was 4.
681 billion yuan, a year-on-year decrease of 54.
39%; the loss was 16.
54%, a decrease of 3.
65 percentage points from the same period of the previous year
.

(2) Industrial production showed a recovery growth

Affected by last year's base number and this year's double control and double restrictions, the industry's production has diverged, and the annual cumulative year-on-year growth rate of output has gradually declined, especially coal chemical and petrochemical processing, and some products have experienced negative growth
.

In terms of basic chemical raw materials, the output is mostly higher than that of the same period of the previous year, but synthetic ammonia and soda ash are relatively sluggish
.
In the first nine months, the production of sulfuric acid was 2,567,200 tons, a year-on-year increase of 37.
9%; the production of hydrochloric acid was 498,100 tons, a year-on-year increase of 3.
4%; the production of caustic soda and soda ash was 2,167,400 tons and 3,589,700 tons, respectively, a year-on-year increase of 14.
3% and 0.
9%
.
The production of synthetic ammonia was 2,106,400 tons, a year-on-year decrease of 0.
4%
.

In terms of agricultural materials, it is relatively sluggish
.
In the first nine months, due to the suspension of Shanxi Coal Hengsheng, the production of chemical fertilizers was 1.
3603 million tons, down 7.
1% year-on-year (among which urea output was 788,400 tons, down 10.
0% year-on-year); while the production of chemical pesticides was 424,500 tons, down 0.
6% year-on-year.

.

In terms of petroleum processing, it is stable and declining
.
In the first nine months, 29.
831 million tons of crude oil were processed, a year-on-year decrease of 1.
5%
.
The production of gasoline was 5.
852 million tons, a year-on-year increase of 6.
8%; kerosene was 2.
289 million tons, a year-on-year decrease of 0.
5%; fuel oil was 2.
897 million tons, a year-on-year increase of 28.
1%; naphtha was 2.
836 million tons, a year-on-year decrease of 4.
1%; A year-on-year decrease of 16.
7%; pure benzene was 598,700 tons, a year-on-year decrease of 5.
9%; ethylene was 1,717,700 tons, a year-on-year increase of 9.
4%
.

(3) Import and export rebounded

In the first nine months of 2021, the import and export of the petroleum and chemical industry in our province maintained rapid growth, but the export was stronger than the import
.

The province's petroleum and chemical industries accumulated a total import and export volume of US$66.
767 billion, a year-on-year increase of 30.
32%; the trade deficit was US$4.
908 billion, a year-on-year decrease of US$3.
508 billion
.
Among them, the chemical industry achieved a total import and export value of 57.
045 billion US dollars, a year-on-year increase of 30.
66%; a trade surplus of 109 million US dollars, rare in more than ten years
.

In terms of exports: the total exports of the whole industry in the first nine months were 28.
577 billion US dollars, a year-on-year increase of 44.
47%; among which, the exports in September were 3.
648 billion US dollars, a year-on-year increase of 51.
71%
.
The cumulative export of the chemical industry was 28.
577 billion US dollars, a year-on-year increase of 46.
16%; of which, the export in September was 3.
366 billion US dollars, a year-on-year increase of 55.
36%
.
Organic chemicals are still the largest export product category, accounting for 38.
82% of the industry's total exports; followed by rubber products, specialty chemicals, and synthetic resins, accounting for 9.
34%, 9.
32%, and 8.
85% of the industry's total exports, respectively
.

In terms of imports: in the first nine months, the industry's total imports were US$35.
837 billion, a year-on-year increase of 20.
16%; among them, imports in September were US$3.
977 billion, a year-on-year decrease of 21.
62%
.
The chemical industry's cumulative imports were US$28.
468 billion, a year-on-year increase of 18.
08%; of which, imports in September were US$3.
053 billion, a year-on-year increase of 10.
84%
.
Organic chemicals are the largest imported product category, accounting for 31.
21% of the industry's total imports; followed by synthetic resins, accounting for 14.
24% of the industry's total imports, and thirdly specialty chemicals, oil and natural gas, accounting for 30% of the industry's total imports 10.
90%, 10.
73%
.