The petroleum and chemical industry rebounded significantly in August

[China Epoxy Network (China Epoxy Industry Online)October 10, 2009: The latest analysis report of the China Petroleum and Chemical Industry Association shows that the domestic macro economy is driven by , The economic recovery of the petroleum and chemical industries accelerated significantly in August.
Product output increased in an all-round way, and the decline in output value further narrowed; market demand for some major bulk products continued to rise, with prices stable; investment in the chemical industry maintained rapid growth.
However, some industries have low capacity utilization, the petrochemical market continues to be sluggish, exports are blocked, and some industries with overcapacity continue to have problems such as excessive investment growth.
According to experts from China Epoxy Resin Industry Association ( the main feature is that the industry’s upward trend is becoming increasingly obvious.
In August, the national petroleum and chemical industry achieved a total output value of 579.
38 billion yuan (current price, the same below), a year-on-year decrease of 6.
2%, a decrease of 2.
4 percentage points from the previous month, and a month-on-month increase of 1.
4%.
Among them, the output value of the chemical industry was 341.
68 billion yuan, a year-on-year increase of 7.
4%, the highest growth rate this year; the output value of the oil and natural gas extraction industry was 66.
07 billion yuan, a year-on-year decrease of 37.
4%; the output value of the oil refining industry was 158.
44 billion yuan, a year-on-year decrease of 12.
1%.
In general, the industry economy as a whole is further developing in a positive direction, and it is expected that the pace of recovery in the latter part of the third quarter may further accelerate.
In August, the industry-wide investment growth rate continued to slow down, while the chemical industry investment still maintained a strong growth momentum, but the momentum was weakening.
From January to August, the national petroleum and chemical industry's fixed asset investment was 594.
877 billion yuan, an increase of 12.
3% year-on-year, which was 1.
2 percentage points slower than the year-on-year growth rate from January to July.

The production and demand of petrochemical products have rebounded.
On the one hand, the output of major petrochemical products has shown a recovery growth.

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