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According to data from the China Petroleum and Chemical Industry Association, in the first half of the year, the total output value of China's petrochemical industry (current price) was 3.07 trillion yuan, an increase of 30.2% year-on-year, an increase of 9 percentage points year-on-year; the sales value (current price) was 3.02 trillion yuan, up The growth rate was 30.6%, and the product sales rate was 98.4%, an increase of 0.26 percentage points year-on-year. The main business income was 3.1 trillion yuan, a year-on-year increase of 30%, and the increase rate was 8.5 percentage points higher than the same period of last year.
As the price of crude oil in the international market continues to soar, the prices of China's petroleum and chemical products in the first half of the year showed upward trend. In June, among the 163 kinds of petroleum and chemical products that were tracked by the China Petroleum and Chemical Industry Association, the prices of the 163 types of petroleum and chemical products rose 131% year-on-year, accounting for 80.3%. There were 28 kinds of oil products, which accounted for 17.2%, and there were 4 types of flat products. 2.5%.
The import and export trade of China's petroleum and chemical industries continued to maintain a relatively rapid growth, and the trade deficit in chemical products declined. In the first half of this year, China's petroleum and chemical industry import trade totaled 150.61 billion U.S. dollars, an increase of 50% year-on-year; total export trade volume was 64.03 billion U.S. dollars, an increase of 36.4% year-on-year. Among them, the import and export trade deficit of crude oil reached US$63.65 billion, an increase of 85.5% year-on-year, accounting for 73.5% of the total trade deficit, an increase of 9.4 percentage points from the same period of last year. The trade deficit of chemical products was US$11.07 billion, a year-on-year decrease of 16.6%, and the proportion of total trade deficit dropped from 24.8% in the same period of last year to 12.8%.
However, due to high oil prices, the oil and chemical industry continued to maintain double-digit growth for five consecutive years and turned into a near-decline. In the first half of the year, total industry profits totaled 279 billion yuan, a year-on-year increase of only 2.5%, a year-on-year increase of 24.9 percentage points.
Decrease in efficiency of petrochemical industry
According to Xinhua News Agency, in the first half of this year, China's oil and chemical industry continued to maintain rapid growth in production, but the economic growth momentum weakened.