Industry | (NBS) National Bureau of Statistics: In the First Three Quarters, the Value Added of Mining Industry Increased by 8.5% Year on Year
Industry | (NBS) National Bureau of Statistics: In the First Three Quarters, the Value Added of Mining Industry Increased by 8.5% Year on Year
The latest data released by the NBS shows that industrial growth picked up from January to September, while the mining growth fell back.
From January to September, the value added of industrial enterprises above designated scale increased by 3.9% year on year, and the growth rate was 0.3% higher than that of the first 8 months; the value added of mining increased by 8.5% year on year, and the growth rate was 0.2% lower than that of in the first 8 months.
In the first three quarters of this year, the production of major energy products such as industrial coal, oil, gas and electricity above designated scale still maintained steady growth. According to varieties, the production of raw coal increased rapidly. In the first three quarters, industrial raw coal production above designated scale was 3.32 billion ton, an increase of 11.2% year on year, and the growth rate was 7.5% faster than that of the same period last year. The production of oil and gas increased steadily. In the first three quarters, the industrial crude oil out above designated was 153.75 million tons, an increase of 3% year on year; the natural gas output was 160.1 billion cubic meters, an increase of 5.4%.
The energy consumption structure continued to improve. It is preliminarily estimated that the total energy consumption increased by 2.5% year on year in the first three quarters. The proportion of non- fossil energy consumption in total energy consumption increased by 0.6% over the same period last year, the proportion of coal increased by 0.4%, the proportion of oil decreased by 0.7%, and the proportion of natural gas decreased by 0.3%.
The year-on-year increase in producer prices (PPI) of industrial producers across the country fell back, showing the obvious structural characteristics of decline. In the first three quarters, the national PPI rose 5.9% year on year, and 1.8% lower than that in the first half of this year. Among them, the price of means of production materials rose 7.4% year on year, 2.5% lower than that in the first of half year. Among the means of production, the price of mining industry rose 24.9%, and the price of raw material industry rose 13.8%, the increase was 8.5% and 2.9% lower than that in the first half of the year respectively.
According to the interpretation by National Bureau of Statistics, the decline of PPI growth was mainly affected by the following three factors, in addition to the high comparison base in the same period last year.
First, steady progress was made to ensure supply and stable price. The effect of increasing production and ensuring supply in the coal industry continued to show, and the price increase dropped significantly. In the first three quarters, the price of the coal mining and washing industry rose 32.5%, and the increase was 14.4% lower than that in the first half of the year.
Second, the transmission pressure from import price has been eased. Since June, the prices of international commodity fluctuated at a high level and decline, while the domestic price in oil and natural gas exploration industry, chemical raw materials and chemical products manufacturing industry, nonferrous metal smelting and calendaring process industry and other related industries have fallen back.
Third, the demand of some industries is weak. Affected by multiple outbreaks of domestic epidemic and the decline of real estate development investment, the prices of ferrous metal smelting and calendaring process industry in the first three quarters decreased 1.3% from a 5.8% increase in the first half of the year; The price of nonferrous metal mines products rose 4.6%, and the increase was 2.0% lower than that in the first half of the year. With the remarkable effect of the economic stabilization package and continuation policy, the demand of steel, cement and other industries rebounded in September, and the month on month price decline narrowed.
It is noteworthy that investment in the mining industry has rebounded. In the first three quarters, investment in the mining industry increased by 8.2% year on year, and the growth rate was1.3% higher than that in the first 8 months of the year. Among them, private investment in mining industry increased by 22.3% year on year.
