The China Mining Industry Index released by the China Institute of Land and Resources Economics shows that in December 2017, the coal industry index was 124.0, up 1.8% year-on-year and 0.6% quarter-on-quarter (Figure 1); the non-ferrous metals industry index was 182.6, up 2.5% year-on-year. , the chain ratio increased by 0.4% (Figure 2); the ferrous metal industry index was 141.2, an increase of 1.9%, an increase of 0.5% (Figure 3); the oil and gas industry index was 118.3, an increase of 1.4%, an increase of 0.7% (Figure 4) .
Since 2017, from the macroeconomic situation, China's GDP in the first three quarters of 2017 increased by 6.9% year-on-year, 0.2 percentage points higher than the same period of the previous year. The employment, income, price and other indicators of people's livelihood showed conspicuous performance, and the employment target exceeded the price. Maintaining a low level of operation and a rapid increase in revenues outperformed GDP growth. The national industrial production accelerated development, and the structural optimization benefits were improved. The supply-side reform focused on “three reductions and one subsidy†was smoothly advanced. For the previous three quarters, for example, the added value of industrial enterprises above designated size increased by 6.7% year-on-year, and the growth rate was 0.7 percentage points higher than the same period of the previous year. China's mining market is stable and the mining industry continues to be in the period of structural adjustment, optimization and upgrading. In line with this, the China Mining Index is based on a moderate increase, and there has been no significant shock. In December, the overall trend of China's mining index was upward, with year-on-year growth and positive quarter-on-quarter growth. The coal industry index, non-ferrous metal industry index, oil and gas industry index, and ferrous metal industry index were also positive in the same period of last year and in the previous month. The trend was better than the previous month. In general, the trend of China's mining market is still structurally adjusted but stable and good for the platform period (Figure 5).
Figure 1 China's coal industry index chart from 1991 to 2017
Figure 2 China Nonferrous Metals Industry Index Chart from 1991 to 2017
Figure 3 China ferrous metal industry index chart from 1991 to 2017
Figure 4 China's oil and gas industry index chart from 1991 to 2017
Figure 5 China's mining industry index 2005-2017
Indicator Description: China's mining industry index mainly refers to the mining and processing industry in the index of industrial enterprises above designated size, namely coal mining and washing industry, non-ferrous metal mining and dressing industry, ferrous metal mining and dressing industry, oil and gas mining industry. . China's mining industry index indicators, including Shenzhen and Shanghai stock index, total imports, mining main business income, M2, statistical office PMI, major mineral output value index, mining industry fixed investment, power generation, inventory, price index, etc. 10 Indicators, with 1990 as the base year. Due to the lag of the data release time, the December 2017 data is the estimated value. If there is a large error, it will be corrected after the exact data is released.
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