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According to data released by the provincial statistics department recently, there are 2,952 petrochemical companies above designated size in the province. In the first quarter, sales revenue totaled 113.1 billion yuan, a year-on-year increase of 46.1%, and the total volume ranks fifth in the country, which is higher than the industry average growth rate in the province. 11.2 percentage points. The chemical industry achieved sales revenue of 83.6 billion yuan, an increase of 44.8%, ranking third in the country. The total profits and taxes paid by the industry totaled 13 billion yuan, an increase of 22.2%. Among them, the chemical industry made profits of 7.01 billion yuan, an increase of 77.7%. The industry achieved a profit of 6.17 billion yuan, an increase of 30.8%. The chemical industry realized a profit of 4.96 billion yuan, an increase of 156.1%.
It is also known that among the 51 (categories) of petroleum and chemical products that were tracked, there were 41 kinds of year-on-year growth, accounting for 80%. Among them, output of 30 products including refined methanol, pure benzene, pigments, synthetic fiber monomers, radial tire tires, sulfuric acid, inks, primary-state plastics, dyes, caustic soda, paints, herbicides, and polyvinyl chloride resins increased. More than 10%. In addition, after a long period of substantial decline, exports of chemical products showed a recovery growth and showed a steady upward trend. In the first quarter, the export delivery value was 10.9 billion yuan, an increase of 37.9%, ranking third in the country.
Another phenomenon that merits attention is: In the first quarter, the increase in investment in chemical industry in Zhejiang was higher, while the increase in investment in petroleum processing industry fell sharply. With the Zhenhai Refinery ethylene project entering the operation stage, the investment in the petroleum processing industry decreased by 42% year-on-year. The chemical industry reversed the downturn that has persisted for many years. The investment growth in the first quarter reached 16.4%, which is higher than the industry average in the province. 12 percentage points higher.
Zhejiang Petrochemical Economy continues to pick up in the first quarter
In the first quarter, Zhejiang's petrochemical industry showed a strong growth momentum. The industry as a whole looked at both production and sales, and improved efficiency. Chemical exports showed a recovery growth. Chemical investment also reversed the downturn that had persisted for many years.