Pesticide prices remain high in 2017, how will the industry trend in 2018

2017 is a turning point in the economic operation of the petroleum and chemical industries.
In the process of deepening supply-side structural reforms and vigorously promoting innovation-driven, transformation and upgrading, the industry's economic performance was excellent, and the growth of major economic indicators was better than expected
.
As an important branch of the chemical industry, the pesticide manufacturing industry has also shown a strong growth momentum this year.
The economic development of the industry is moving towards a stage of high-quality development! According to statistics from the National Bureau of Statistics, the industry-wide economic data shows that as of 2017 At the end of the year, there were 29,307 enterprises above designated size in the petroleum and chemical industries, with a cumulative main business income of 13.
78 trillion yuan, an increase of 15.
7% over the previous year; a total profit of 846.
20 billion yuan, a year-on-year increase of 51.
9%, accounting for the main income and profits of large-scale industries in the country.
11.
8% and 11.
3% of the total
.
The fixed asset investment was 2.
06 trillion yuan in the whole year, down 2.
8%, accounting for 8.
8% of the country’s total industrial investment; assets totaling 13.
03 trillion yuan, an increase of 5.
4%, accounting for 11.
6% of the country’s total industrial assets on a scale, and the asset-liability ratio was 54.
03%
.
In 2017, the total import and export trade of the whole industry was 583.
37 billion U.
S.
dollars, an increase of 22.
1%, accounting for 14.
2% of the total national import and export trade, of which exports were 192.
98 billion U.
S.
dollars, an increase of 12.
9%, accounting for 8.
5% of the national total export trade; the deficit was 197.
42 billion U.
S.
dollars, This was an increase of 45.
1% year-on-year
.
In 2017, the main operating income margin of the petroleum and chemical industry was 6.
14%, a year-on-year increase of 1.
47 points; the cost of main operating income per 100 yuan was RMB 83.
19, a year-on-year decrease of 0.
40 yuan
.
The inventory turnover days for finished products is 13.
5 days; the average payback period for accounts receivable is 25.
8 days
.
The industry suffered a loss of 12.
8%, a decrease of 0.
8 percentage point year-on-year
.
Among the economic data of the chemical industry, in 2017, there were 26,202 enterprises above designated size in the chemical industry, with a cumulative main operating income of 9.
1 trillion yuan, an increase of 13.
8% year-on-year; a total profit of 605.
07 billion yuan, an increase of 40.
2%; completed fixed asset investment of 1.
5 trillion yuan, a decrease 5.
2%; total assets of 8.
39 trillion yuan, an increase of 6.
6%; asset-liability ratio 54.
7%
.
The total import and export trade volume for the year was US$328.
94 billion, an increase of 12.
3% year-on-year, of which total exports were US$155.
20 billion, an increase of 9.
8%; the deficit was US$18.
55 billion, an increase of 79.
3% year-on-year
.
The total output of major chemical products nationwide increased by about 2.
7%, compared with a decline of 2.
2% last year
.
In 2017, the main operating income margin of the chemical industry was 6.
65%, a year-on-year increase of 1.
25 points; the main operating income cost per 100 yuan was RMB 85.
59, a year-on-year decrease of RMB 0.
58
.
The inventory turnover days for finished products is 14.
7 days; the average payback period for accounts receivable is 29.
6 days
.
The industry suffered a loss of 12.
4%, a decrease of 0.
5% year-on-year
.