Core Viewpoint - In the first half of 2025, China's industrial enterprises produced 22.68 million tons of caustic soda (100% basis), reflecting a 4.8% increase compared to the same period in 2024, although the growth rate has slowed by 1.2 percentage points from the previous year [1]. Group 1: Production Analysis - In the first six months of 2025, the cumulative production of caustic soda reached 22.68 million tons, marking a 4.8% year-on-year increase [1]. - The growth rate in the first half of 2025 is lower than the growth rate of 2024 by 1.2 percentage points, indicating a slowdown in production growth [1]. - In June 2025 alone, the production of caustic soda was 3.87 million tons, which is a 7.0% increase compared to June 2024, but this also represents a slowdown of 1.6 percentage points from the previous year's growth rate [3].

Core Insights - The production of naphtha in Tianjin for June 2025 reached 272,000 tons, representing a year-on-year increase of 12.6%, with a significant acceleration of 73.5 percentage points compared to the same month last year [1] - For the first half of 2025, the total naphtha production in Tianjin was 1.74 million tons, marking a 13.0% increase year-on-year, with an acceleration of 30.9 percentage points compared to the previous year [2] Group 1 - In June 2025, Tianjin's naphtha production accounted for 4.0% of the national output, which was 6.866 million tons for the same period [1] - The year-on-year growth rate of naphtha production in Tianjin for June was 3.7 percentage points higher than the national average [1] - The total naphtha production in Tianjin for the first half of 2025 represented 4.4% of the national output, which was 39.847 million tons [2] Group 2 - The monthly production statistics are based on large-scale industrial enterprises, defined as those with annual main business revenues of 20 million yuan or more [4]

Core Insights - In the first half of 2025, Zhejiang Province's industrial enterprises produced a total of 155.9 thousand tons of fuel oil, marking a 29.1% increase compared to the same period in 2024, with a growth rate 67.1 percentage points higher than 2024 and 31.9 percentage points higher than the national average [1] - In June 2025 alone, the fuel oil production in Zhejiang reached 35.8 thousand tons, representing a 39.2% increase year-on-year, with a growth rate 65.1 percentage points higher than 2024 and 37.1 percentage points higher than the national average [2] Summary by Category Production Data - Zhejiang Province's fuel oil production accounted for 7.2% of the national total of 2160.8 thousand tons in the first half of 2025 [1] - In June 2025, Zhejiang's production represented 9.9% of the national total of 362.8 thousand tons [2] Growth Rates - The growth rate of fuel oil production in Zhejiang for the first half of 2025 was significantly higher than both the previous year and the national average [1] - The June 2025 production growth rate also exceeded both the previous year and the national average, indicating a strong upward trend in the region's fuel oil output [2]

Group 1 - In June 2025, the kerosene production in Liaoning Province reached 374,000 tons, representing a year-on-year increase of 55.0% and an acceleration of 46.5 percentage points compared to the same month last year [1] - The growth rate of Liaoning's kerosene production in June 2025 was 43.7 percentage points higher than the national average, contributing to 7.3% of the national kerosene production of 5,094,000 tons during the same period [1] Group 2 - For the first half of 2025, the total kerosene production in Liaoning Province was 1,904,000 tons, showing a year-on-year decline of 1.8% and a decrease of 54.3 percentage points compared to the same period last year [4] - The growth rate for the first half of 2025 was 1.3 percentage points lower than the national average, accounting for 6.8% of the national kerosene production of 28,139,000 tons [4]

Core Insights - In the first half of 2025, the production of soda ash (sodium carbonate) in Guangdong Province reached 253,000 tons, marking a 1.4% increase compared to the same period in 2024, with a growth rate 23.2 percentage points higher than 2024, but 4.3 percentage points lower than the national average [1] Group 1: Production Analysis - The cumulative production of soda ash in Guangdong for the first six months of 2025 accounted for 1.3% of the national total production of 20,064,481.2 tons [1] - In June 2025, the production in Guangdong was 41,000 tons, which represents an 11.3% decrease compared to June 2024, although the growth rate was 21.2 percentage points higher than the previous year [2] - The June production in Guangdong accounted for 1.2% of the national total production of 3,479,690.3 tons [2]

Core Insights - In the first half of 2025, Hainan Province's industrial enterprises produced a total of 1.564 million tons of naphtha, marking a 66.9% increase compared to the same period in 2024, although the growth rate has slowed by 76.1 percentage points compared to the previous year [1] - The naphtha production in Hainan accounted for 3.9% of the national output of 39.847 million tons during the same period [1] Monthly Analysis - In June 2025, Hainan's naphtha production reached 263,000 tons, representing a 90.9% increase year-on-year, with the growth rate surpassing the previous year's by 67.3 percentage points [2] - The June production accounted for 3.8% of the national naphtha output of 6.866 million tons [2] Statistical Context - The data pertains to large-scale industrial enterprises, defined as those with annual main business revenues of 20 million yuan or more [6]

Core Insights - In the first half of 2025, Fujian Province's industrial enterprises produced a total of 601,000 tons of petroleum asphalt, marking a 28.4% increase compared to the same period in 2024, which is 21.2 percentage points higher than the growth rate in 2024, and 20.7 percentage points higher than the national average [1] - The production accounted for 3.3% of the national total of 17,967,000 tons during the same period [1] Monthly Analysis - In June 2025, Fujian's petroleum asphalt production reached 53,000 tons, representing a 3.6% decrease compared to June 2024, but the growth rate was 22.5 percentage points higher than the same month in 2024, although it was 14.7 percentage points lower than the national growth rate [2] - This production constituted 1.7% of the national total of 3,152,000 tons for that month [2]

Core Insights - The production of petroleum asphalt in Xinjiang Uygur Autonomous Region for June 2025 was 57,000 tons, representing a year-on-year decrease of 4.2% [1] - For the first half of 2025, the total production of petroleum asphalt was 323,000 tons, showing a year-on-year decline of 7.1% [1] Monthly Production Analysis - In June 2025, the production of petroleum asphalt decreased by 4.2% compared to the same month last year, with a production volume of 57,000 tons [1] - The growth rate for June 2025 was 26.7 percentage points higher than the same month in the previous year, but it was 15.3 percentage points lower than the national average [1] - Xinjiang's production accounted for 1.8% of the national total of 3,152,000 tons for the same period [1] Cumulative Production Analysis - From January to June 2025, the total production of petroleum asphalt was 323,000 tons, reflecting a year-on-year decrease of 7.1% [1] - The growth rate for this period was 10.9 percentage points higher than the previous year, but still 14.8 percentage points lower than the national average [1] - Xinjiang's cumulative production represented 1.8% of the national total of 1,796,700 tons during the same timeframe [1]

Core Insights - In the first half of 2025, the ethylene production in Xinjiang Uyghur Autonomous Region reached 1.042 million tons, marking a 21.2% increase compared to the same period in 2024, with a growth rate 37.8 percentage points higher than that of 2024 and 10.3 percentage points higher than the national average [1] - In June 2025, the ethylene production in Xinjiang was 172,000 tons, representing a staggering 216.1% increase year-on-year, with a growth rate 284.2 percentage points higher than June 2024 and 210.3 percentage points higher than the national average [2] Production Analysis - The cumulative ethylene production in Xinjiang for the first six months of 2025 accounted for 5.7% of the national total of 18.143 million tons [1] - In June 2025, Xinjiang's ethylene production constituted 6.0% of the national total of 2.849 million tons [2]

Core Insights - In the first half of 2025, Heilongjiang Province's liquefied petroleum gas (LPG) production reached 748,000 tons, marking a 3.2% increase compared to the same period in 2024, although the growth rate slowed by 4.0 percentage points from 2024 [1] - The province's LPG production accounted for 2.8% of the national total of 26,259,000 tons during the same period, which is 5.8 percentage points higher than the national growth rate [1] Monthly Analysis - In June 2025, Heilongjiang's LPG production was 112,000 tons, representing a 3.1% decrease from June 2024, with a significant slowdown of 93.8 percentage points in growth rate compared to the previous year [2] - The June production accounted for 2.6% of the national LPG output of 4,359,000 tons, which is 1.4 percentage points higher than the national growth rate for that month [2]