industry | (NBS) National Bureau of Statistics: In the first three quarters, the value added of the mining industry increased by 8.5% year on year 

industry | (NBS) National Bureau of Statistics: In the first three quarters, the value added of the mining industry increased by 8.5% year on year

The latest data released by the NBS shows that industrial growth accelerated from January to September, while mining growth slowed.

From January to September, the value added of industrial enterprises above the established scale increased by 3.9% year on year, and the growth rate was 0.3% higher than the first 8 months; Mining value added increased by 8.5% year on year, and the growth rate was 0.2% lower than the first 8 months.

In the first three quarters of this year, production of major energy products such as industrial coal, oil, gas and electricity in excess of established levels continued to grow steadily. By variety, raw coal production increased rapidly. In the first three quarters, industrial raw coal production in excess of the established scale was 3.32 billion tons, an increase of 11.2% year on year, and the growth rate was 7.5% higher than the same period last year. Oil and gas production grew steadily. In the first three quarters, industrial crude oil above the target amounted to 153.75 million tons, up 3% year-on-year; natural gas production amounted to 160.1 billion cubic meters. m, increasing by 5.4%.

The energy consumption structure continued to improve. According to preliminary estimates, total energy consumption increased by 2.5% year-on-year in the first three quarters. The share of non-fossil fuel energy consumption in total energy consumption increased by 0.6% year-on-year, the share of coal increased by 0.4%, the share of oil decreased by 0.7%, and the share of natural gas decreased by 0.3. %.

Annual producer price growth (PPI) of industrial producers across the country declined, showing clear structural signs of decline. In the first three quarters, the national PPI rose 5.9% year on year and was 1.8% lower than in the first half of this year. Among them, the cost of input materials rose 7.4% year on year, down 2.5% from the first half. Among the capital goods, the price of the mining industry rose by 24.9% and the price of the primary industry rose by 13.8%, the growth was 8.5% and 2.9% lower than the first half, respectively.

According to the interpretation of the National Bureau of Statistics, the decline in PPI growth was mainly influenced by the following three factors, in addition to the high comparison base for the same period last year. &NBSP ;&NBSP ;&NBSP ;

First, steady progress has been made in securing supply and stable prices. The effect of increased production and supply in the coal industry continued to be felt, and price increases decreased significantly. Over the first three quarters, prices in the coal mining and processing industry increased by 32.5%, the increase was 14.4% lower than in the first half of the year.

Secondly, the pressure on the transmission from import prices has been eased. Since June, international commodity prices have fluctuated high and low, while domestic prices in oil and gas, chemical raw materials and chemical products, non-ferrous metal smelting and calendering, and other related industries have fallen. back.

Third, demand in some industries is weak. Affected by multiple domestic epidemic outbreaks and declining investment in real estate development, iron and steel smelting and calendering prices fell 1.3% in the first three quarters, compared with an increase of 5.8% in the first half of the year; The price of products from non-ferrous metal mines increased by 4.6%, which is 2.0% less than in the first half of the year. Thanks to the remarkable effect of the economic stabilization package and the continuation policy, demand in steel, cement and other industries recovered in September, and the price decline from the previous month narrowed.

Notably, mining investment has recovered. In the first three quarters, mining investment increased by 8.2% year on year, and the growth rate was 1.3% higher than in the first 8 months of the year. Among them, private investment in mining increased by 22.3% year on year.