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In the first half of the year, the country’s total coal production was 837 million tons. By the end of May, the social inventory of coal was 110.052 million tons, a slight increase from the end of last year, and the stock availability days reached 15.9 days, and the inventory level was normal. As coal and metallurgical coal inventories increase, the demand for coal in the first half of the petroleum and chemical industry with coal consumption is basically guaranteed.
In the first half of the year, China's large-scale power generation enterprises cumulatively generated 110.863 billion kwh of electricity, of which thermal power increased by 11.8%, and hydropower increased by 21.8%. In the first half of the year, the contradiction between electricity supply and demand in the country slowed down Because this year's precipitation is higher than in previous years, the country's hydropower increased more. Chemical companies in Yunnan, Guangxi, and other provinces did not have major problems in their electricity use, and they were related to hydropower supply in the southwest. However, Deputy Director Liu said that the contradiction between power supply and demand in East China and North China is still prominent. He reminded chemical companies that it was the peak of electricity use in the third quarter of this year.
In the building materials industry, flat glass production in the first half of the year was 173 million weight boxes, which formed a large demand for soda ash. According to statistics, in the first half of this year, the country has newly put into production 12 float glass production lines and added more than 30 million weight boxes.
Although the textile industry continued to grow rapidly due to trade friction, the growth of chemical fiber production slowed down. Due to the sharp rise in international oil prices, the chemical fiber industry produced 73.75 billion tons in the first half of the year, down 21.8 percentage points year-on-year, and achieved a profit of 1.8 billion yuan, down 43% year-on-year.
The petroleum and chemical industry is a pillar industry of the national economy. In the first half of the year, the whole industry achieved a growth rate of 30.4%, which is both the result of the country’s macroeconomic control policies in place and the increase in demand for the building materials and textile industries.
On August 4, Liu Fujiang, deputy director of the Bureau of Industry and Commerce of the National Bureau of Statistics, disclosed at the national seminar on the petrochemical economy that the coal, electricity, building materials, textile and other industries related to the petroleum and chemical industries remained stable in the first half of the year. Chemical production and sales play a pulling role.