From January to September of this year, the refining industry as a whole was operating stably, with industry output value and investment growing steadily; the amount of processed crude oil increased steadily, and the growth rate declined; as the fluctuation of crude oil prices fell, the industry losses eased.
I. Steady Growth in Industrial Investment From January to September, the refining industry achieved a production value of 2.27777 trillion yuan, a year-on-year increase of 30.4%; the accumulated investment was 97.4 billion yuan, an increase of 15.4% year-on-year, of which the completed investment in September was 14.8 billion yuan, a year-on-year increase of 22.3%. The growth rate is higher than the average of the previous 9 months. 836 construction projects, a year-on-year decrease of 6.4%; 508 new construction projects, a year-on-year decrease of 11.7%; 283 completed projects, a year-on-year decrease of 9.3%. Due to the decline in the number of construction projects and new projects, late-stage investment growth is weak.
Second, industry losses have eased In May, the refining industry changed from profit to loss. The amount of losses in June was a new high during the year. The losses in July and August eased. In the first eight months of this year, the refining industry suffered a total loss of 1.84 billion.
3. Decrease in the growth rate of crude oil processing From January to September, crude oil processing volume was 33.352 million tons, an increase of 6.0% year-on-year, and refined oil production was 19.84 million tons, an increase of 6.8% year-on-year; of these, the processing volume of crude oil in September was 36.09 million tons, a year-on-year increase of 1.5%. The output of refined oil was 21.01 million tons, a year-on-year increase of 4.5%. Due to the launch of Guangxi Petrochemical in the third quarter of last year, no new crude oil processing projects were put into operation this year, which caused the increase in crude oil processing in September to be lower than the average of the previous nine months. In general, the growth rate of crude oil processing and the growth of refined oil consumption in the third quarter were comparable, basically meeting the consumer demand in the oil product market, but diesel supply in some regions was tight.
I. Steady Growth in Industrial Investment From January to September, the refining industry achieved a production value of 2.27777 trillion yuan, a year-on-year increase of 30.4%; the accumulated investment was 97.4 billion yuan, an increase of 15.4% year-on-year, of which the completed investment in September was 14.8 billion yuan, a year-on-year increase of 22.3%. The growth rate is higher than the average of the previous 9 months. 836 construction projects, a year-on-year decrease of 6.4%; 508 new construction projects, a year-on-year decrease of 11.7%; 283 completed projects, a year-on-year decrease of 9.3%. Due to the decline in the number of construction projects and new projects, late-stage investment growth is weak.
Second, industry losses have eased In May, the refining industry changed from profit to loss. The amount of losses in June was a new high during the year. The losses in July and August eased. In the first eight months of this year, the refining industry suffered a total loss of 1.84 billion.
3. Decrease in the growth rate of crude oil processing From January to September, crude oil processing volume was 33.352 million tons, an increase of 6.0% year-on-year, and refined oil production was 19.84 million tons, an increase of 6.8% year-on-year; of these, the processing volume of crude oil in September was 36.09 million tons, a year-on-year increase of 1.5%. The output of refined oil was 21.01 million tons, a year-on-year increase of 4.5%. Due to the launch of Guangxi Petrochemical in the third quarter of last year, no new crude oil processing projects were put into operation this year, which caused the increase in crude oil processing in September to be lower than the average of the previous nine months. In general, the growth rate of crude oil processing and the growth of refined oil consumption in the third quarter were comparable, basically meeting the consumer demand in the oil product market, but diesel supply in some regions was tight.
Titanium Dioxide Rutile Grade Co., Ltd. , http://www.hengchangchemical.com