China Mining Industry Index shows that in November 2017, the coal industry index was 123.3, up 1.1% year-on-year and 0.4% quarter-on-quarter (Figure 1); the non-ferrous metals industry index was 181.9, up 2.9% year-on-year and 0.3% quarter-on-quarter (Figure 2). The ferrous metal industry index was 140.5, up 1.4% year-on-year and 0.4% quarter-on-quarter (Figure 3); the oil and gas industry index was 117.4, up 1.0% year-on-year and 0.1% quarter-on-quarter (Figure 4).
Since the beginning of this year, from the macroeconomic situation, the national industrial production has accelerated development, and the structural optimization efficiency has improved. The supply-side reform with the focus on “three reductions and one subsidy†has been 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 November, 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, the non-ferrous metal industry index, the oil and gas industry index, and the ferrous metal industry index were all positive at the same time year-on-year and the month-on-month, and 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 November 1991 to November 2017
Figure 2 China Nonferrous Metals Industry Index Chart from November 1991 to November 2017
Figure 3 China's ferrous metal industry index chart from November 1991 to November 2017
Figure 4 China's oil and gas industry index chart from November 1991 to November 2017
Figure 5 China's mining industry index 2005-2017 November
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 data for November 2017 is the estimated value. If there is a large error, it will be corrected after the exact data is released.
The China Mining Industry Index was compiled by the China Institute of Land and Resources Economics and jointly issued by the Institute and China Mining News.
(Editor: Yu Yun, unit: China Institute of Land and Resources Economics
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