Did Shaanxi's Petrochemical Industry Profit Or Lose in The First Half Of The Year?

Jul 27, 2021

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According to the Shaanxi Provincial Department of Industry and Information Technology, the total industrial output value of the petroleum and chemical industry in the province in the first half of the year increased by 35.4% year-on-year, and the profit in the first five months was 22.59 billion yuan, an increase of 982.3% year-on-year. On the basis of double-digit growth in output value and doubling of profits in the first quarter, the first half of the year continued to advance by leaps and bounds, and various economic indicators increased significantly.


Statistics show that from January to June, the output of the main products of the petrochemical industry in Shaanxi, except for the slight decline in refined methanol and caustic soda, the rest maintained growth in varying degrees. Among them, natural gas production was 15.442 billion cubic meters, an increase of 13%; calcium carbide was 1.639 million tons, an increase of 15.4%; synthetic ammonia was 878,100 tons, an increase of 21.2%; primary form plastics was 3.485,800 tons, an increase of 18%; rubber tires were 2.597 million, an increase 59.7%; 173 thousand tons of chemical drugs, an increase of 15.6%.


In terms of added value by industry, the coal mining and washing industry increased by 10.5% year-on-year; the oil and natural gas mining industry increased by 5.6%; the petroleum processing, coking and nuclear fuel processing industries increased by 16.4%; the chemical raw materials and chemical products manufacturing industry increased by 11.8% ; The rubber and plastic products industry grew by 7.4%.


Driven by multiple factors such as the rebound of international oil prices and the continued recovery of the domestic chemical market, Shaanxi's petrochemical industry achieved a profit of 22.59 billion yuan in the first five months. Among them, the oil and natural gas extraction industry was 8.37 billion yuan; the petroleum processing and coking industry was 6.07 billion yuan, a year-on-year increase of 451.8%; the chemical raw materials and chemical products manufacturing industry was 7.86 billion yuan, a year-on-year increase of 858.5%.


Most chemical companies in Shaanxi have overfulfilled the production and operation tasks in the first half of the year and handed in "hard core" answers. For example, the revenue of Shaanxi Coal Group exceeded 200 billion yuan, reaching 20.327 billion yuan, and its profit exceeded 10 billion yuan, reaching 10.427 billion yuan; Shaanxi Dongxinyuan Chemical Company's sales revenue and profit in the first half of the year respectively completed the annual target tasks. 86.21% and 121%; Shaanxi Jiao Company achieved a profit of 1.107 billion yuan, an increase of 1.1 billion yuan year-on-year, setting a new historical record; Pujie Energy Chemical Company's methanol, polyethylene, and polypropylene output all set historical records; Xinghua Group Company's soda ash The output of ammonium chloride hit a record high; Yan'an Energy and Chemical Company achieved a year-on-year increase of 54% in sales revenue; Shenmu Coal Chemical Company's various operating indicators also exceeded expectations.

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