China's industrial profits rebound in November

Time:2019-12-30 09:15:13      Source:ChinaDaily.com

Profits of China's major industrial firms rebounded 5.4 percent year-on-year in November, data from the National Bureau of Statistics (NBS) showed Friday.

The growth reversed the 9.9-percent decline in October, said NBS senior statistician Zhu Hong.

The quickened growth in industrial production and sales and the moderate drop in the factory-gate prices of industrial products can be attributed to the rebound in November, according to Zhu.

In the first 11 months, the profits of China's major industrial firms dropped 2.1 percent to 5.61 trillion yuan ($802.8 billion), narrowing 0.8 percentage points from that in the first 10 months.

Specifically, profits of State-owned industrial firms dropped 11.2 percent from one year earlier to 1.6 trillion yuan, while those of private ones gained 6.5 percent year-on-year to 1.59 trillion yuan in the first 11 months.

During the period, profits of the mining industry climbed 1 percent to 517.4 billion yuan, while manufacturing industry profits fell 4.1 percent to 4.63 trillion yuan.

Profits in 28 of the 41 industrial sectors surveyed rose compared with one year earlier, while 13 sectors saw their profits fall in the first 11 months, according to the NBS.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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