According to the February report of CPCIA (China Petroleum and Chemical Industry Association),vigorous progress has resulted from the government’s stable financial policies,adjusting the industrial mix and promoting har-mony and moderate development.In January-February China’s petroleum and chemical in-dustry operated well with value rising while volumes were reduced,its production growth slowed down rationally.It presents that the excessive growth trend in the chemical indus-try was efficiently controlled.The balance between demand and supply is good with an overall of sale/production ratio According to the February report of CPCIA (China Petroleum and Chemical Industry Association), vigorous progress has resulted in the government’s stable financial policies, adjusting the industrial mix and promoting har-mony and moderate development. January-February China’s petroleum and chemical in- dustry operated well with value rising while volumes were reduced, its production growth slowed down rationally. It presents that the excessive growth trend in the chemical indus-try was efficiently controlled. The balance between demand and supply is good with an overall of sale / production ratio