Core Insights - In the first four months of 2025, the production of soda ash (sodium carbonate) in Jiangxi Province reached 262,000 tons, marking a year-on-year increase of 5.8%, which is 4.9 percentage points higher than the growth rate in 2024, although it remains 1.1 percentage points lower than the national average [1] - The total production of soda ash in China during the same period was 13.437 million tons, with Jiangxi's contribution accounting for 1.9% of the national total [1] Monthly Production Analysis - In April 2025, the production of soda ash in Jiangxi Province was 66,000 tons, reflecting an 11.4% increase compared to April 2024, which is 14.9 percentage points higher than the previous year's growth rate [2] - Jiangxi's April production represented 1.8% of the national total production of 3.642 million tons for that month [2]

Core Viewpoint - The production of caustic soda (100% basis) in Hubei Province has significantly decreased in the first five months of 2025 compared to the same period in 2024, indicating a downward trend in the industry [1][2]. Group 1: Production Analysis - In the first five months of 2025, the cumulative production of caustic soda in Hubei reached 371,000 tons, a decrease of 16.0% compared to the same period in 2024, with a growth rate 24.6 percentage points lower than 2024 [1]. - The production accounted for 2.0% of the national caustic soda production of 18,697,000 tons during the same period [1]. - In May 2025 alone, the production was 79,000 tons, down 11.9% year-on-year, with a growth rate 22.3 percentage points lower than the same month in 2024 [2]. Group 2: National Comparison - The growth rate of caustic soda production in Hubei was 20.0 percentage points lower than the national average during the first five months of 2025 [1]. - In May 2025, Hubei's production represented 2.1% of the national total of 3,791,000 tons for that month [2].

Group 1 - The fuel oil production in Gansu Province for March 2025 reached 14,000 tons, representing a year-on-year increase of 65.5% [1] - The growth rate for March 2025 is 74.8 percentage points lower than the same period last year, indicating a slowdown in growth [1] - Gansu's fuel oil production growth rate is 67.2 percentage points higher than the national average, accounting for 0.4% of the national fuel oil production of 3,904,000 tons [1] Group 2 - The total fuel oil production in Gansu Province for the first three months of 2025 was 38,000 tons, with a year-on-year growth of 62.9% [2] - The growth rate for the first quarter of 2025 is 57.6 percentage points lower than the same period last year, also indicating a slowdown [2] - Gansu's fuel oil production for the first quarter is 72.7 percentage points higher than the national average, representing 0.4% of the national fuel oil production of 10,840,000 tons [2]

Group 1 - In the first three months of 2025, Jilin Province's industrial enterprises produced a total of 355,000 tons of naphtha, representing a 32.5% increase compared to the same period in 2024, with a growth rate 30.3 percentage points higher than 2024 [1] - The naphtha production in Jilin Province accounted for 1.8% of the national total naphtha production of 19,885,000 tons during the same period [1] - In March 2025, Jilin Province's naphtha production reached 124,000 tons, marking a 35.5% increase year-on-year, with a growth rate 34.7 percentage points higher than March 2024 [2] Group 2 - The growth rate of naphtha production in Jilin Province was 33.2 percentage points higher than the national average during the first three months of 2025 [1] - In March 2025, Jilin's naphtha production represented 1.8% of the national total naphtha production of 6,744,000 tons [2] - The data reflects a consistent upward trend in naphtha production in Jilin Province, indicating strong industrial performance [1][2]

Group 1 - The total production of petroleum asphalt in Guangdong Province reached 825,000 tons in the first three months of 2025, representing a year-on-year increase of 1.4%, which is significantly lower than the 82.6 percentage points increase compared to the same period in 2024 [1] - The production growth rate in Guangdong is 1.3 percentage points lower than the national average, accounting for 10.0% of the national production of 8,254,000 tons during the same period [1] Group 2 - In March 2025, the petroleum asphalt production in Guangdong Province was 328,000 tons, showing a decline of 7.7% compared to March 2024, with a decrease of 73.9 percentage points in growth rate [2] - The March production in Guangdong accounted for 10.7% of the national total production of 3,056,000 tons for that month, which is 15.4 percentage points lower than the national growth rate [2]

Group 1 - In 2024, the total production of soda ash (sodium carbonate) in Ningxia Hui Autonomous Region reached 441,000 tons, representing a year-on-year increase of 10.2%, which is 7.8 percentage points higher than the growth rate in 2023 [1] - The production growth rate in Ningxia is 6.1 percentage points lower than the national average, with Ningxia accounting for 1.2% of the total national production of 38,186,085.5 tons [1] Group 2 - In December 2024, the production of soda ash in Ningxia reached 38,000 tons, showing a year-on-year growth of 4.5%, which is 7.4 percentage points higher than the growth rate in December 2023 [2] - The December production growth rate in Ningxia is 6.4 percentage points lower than the national average, with Ningxia contributing 1.1% to the national production total of 3,350,343.6 tons [2]

Group 1 - The total production of caustic soda (100% equivalent) in Shanxi Province for the year 2024 reached 994,000 tons, representing a 6.7% increase compared to the same period in 2023, with a growth rate 8.4 percentage points higher than in 2023 and 1.2 percentage points higher than the national average [1] - The production of caustic soda in December 2024 was 91,000 tons, which is a decrease of 5.6% compared to December 2023, with a growth rate 32.4 percentage points lower than in 2023 and 10.8 percentage points lower than the national average [2] - Shanxi Province accounted for approximately 2.3% of the national caustic soda production, which totaled 4,365,705.86 tons for the year [1][2] Group 2 - The production data indicates a significant disparity between the annual growth and the monthly performance in December, highlighting potential seasonal fluctuations in the caustic soda market [2] - The increase in annual production suggests a robust industrial performance in Shanxi, despite the decline observed in the last month of the year [1][2]