According to the Shaanxi Provincial Petroleum and Chemical Industry Association, in the first five months of this year, Shaanxi's petrochemical industry output, output value and sales revenue both increased by more than 20%, and continued to maintain a good momentum of development. It is estimated that the total industrial output value in the first half of the year will be RMB 130 billion. An increase of 27% year-on-year, setting a record high.

From January to May, the prices of Shaanxi petrochemical industry rebounded, the market demand was generally strong, the export trade was active, the investment growth was rapid, and the overall efficiency continued to improve. The total industrial output value was 107.458 billion yuan, an increase of 27.96% year-on-year; the sales revenue was 1082 Billion yuan, a year-on-year growth of 28.9%, and a production and sales ratio of 103%.

Of the 16 major products scheduled to be dispatched by the Shaanxi petrochemical industry, the output of 11 products increased compared with the same period of last year, among which the performance of chemical products was very eye-catching. For example, the output of caustic soda (refractory) was 168,800 tons and PVC was 180,000 tons. 1,2,600 tons of 1,4-butanediol and 10,600 tons of acetic acid, a year-on-year increase of 45.48%, 76.33%, 97.03%, and 251.11%, respectively.

However, as raw materials, electricity prices, and logistics costs have risen too fast, the profitability of the chemical industry has been greatly reduced and the economic efficiency of enterprises has been poor. Among them, the output of methanol and chemical fertilizers using coal as raw materials decreased year-on-year, and the enterprises incurred huge losses.

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