Oil and chemical industry boom index released

wallpapers Industry 2020-12-09

On August 4, China Petroleum and Chemical Industry Federation officially released the prosperity index of China's petroleum and chemical industry in Harbin, Heilongjiang Province.

The overall economic operation of China's petroleum and chemical industry and the economic operation of its sub industries can be described as a whole with specific index values.

Zhu Li P, deputy director of information and marketing department of the Federation of petrochemicals, said that the prosperity index of China's petroleum and chemical industry is composed of China's chemical industry prosperity index and China's oil and gas industry prosperity index.

At the same time, the concept of sub index is introduced to synthesize the main index by using sub index index index.

At present, the prosperity index of China's chemical industry covers chemical mining industry, raw materials of basic chemical manufacturing industry, fertilizer manufacturing industry, pesticide manufacturing industry, paint and other similar products, synthetic materials and special chemicals manufacturing industry, and sub indexes include Crude oil processing capacity, chemical industry output, chemical industry main business income, international crude oil price, chemical industry price, chemical industry trade volume, chemical industry fixed assets investment, etc.

The prosperity index of China's oil and gas industry covers crude oil, natural gas, gasoline, diesel, kerosene, fuel oil and naphtha.

The sub index includes output (processing), inventory (mining and processing), real estate investment, price index (mining and processing), production (production), main business income, investment in fixed assets (processing), total social consumption and investment in fixed assets (exploitation).

The prosperity index of China's petroleum and chemical industry is based on the data of 2004 (100).

Zhu said that there are many data used to describe the economic operation of the country, but there is no data describing the economic operation of the petrochemical industry and its sub industries.

In such an environment, the Federation of petrochemical industry hopes to establish an industry index to achieve the purpose of overall description of the operation of the industry.

Take the first half of this year as an example, the main business income of the industry was 6.

35 trillion yuan, a year-on-year decrease of 5.7%. the total import and export volume was 265.

3 billion US dollars, a year-on-year decrease of 21.7%. the investment in fixed assets was 979 billion yuan, a year-on-year increase of 2.6%. the total profit was 313.

21 billion yuan, a year-on-year decrease of 25%.

As of June, there were 29436 Enterprises above Designated Size in the industry, an increase of 302 over the end of last year.

Through comparison, we can find that in the overall operation of the industry, the data increases and decreases, and there are good and bad.

Then what is the overall operation situation? The Federation of petrochemical industry hopes that the prosperity index can be like GDP, CPI and PPI, and can directly reflect the overall operation of the industry through a single data.

The latest oil and chemical industry prosperity index shows that in June this year, the prosperity index of the chemical industry was 88.

1, and that of the oil and gas industry was 75.

4, both at the lowest level since 2004.

But in the first half of the year, there was little change in the six-month index, and the overall operation of the industry was in a low and stable state.

The reporter learned that the index was formed after three years of research by the Federation of petrochemicals, which has integrated the industry economic operation data since 2001.

The cycle method of growth rate is used to study the prosperity index.

The index will be published monthly.

(source: China Chemical Industry News).


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