International trends

In the first quarter petrochemical industrial economic operation report

 In the first quarter, the new crown pneumonia outbreak continues to expand, petroleum and chemical industry overall decline in the economic operation is larger, but the march production picks up momentum.National oil and gas production steady and rapid growth, the main chemical decline narrowed;Market showed signs of stabilising, foreign trade better than expected;Recent industry return to work and production continues to accelerate.However, industry still have large investment decline, the market volatility.
According to statistics, 1 ~ 3 months, the added value of petroleum and chemical industry fell 7.2% year on year;Main business income is 2.42 trillion yuan, down 13.5%;Profit total 39.19 billion yuan, down 74.1%;Import and export total $166.98 billion, down 4%;The national production 92.053 million tons of oil and gas (oil), up 5.4%.The main chemical production fell about 3.4%.