Economic operation report of petrochemical industr

The economic operation report of petrochemical industry in the first three quarters of 2010

● the economic trend of the industry has changed from fast to stable ● the output of main products has increased rapidly

● the price has stabilized, and the production and marketing have been smoothly connected ● significant progress has been made in foreign trade

● the demand for energy products has increased rapidly ● the investment in fixed assets has expanded steadily

at present, the overall economic operation of the petroleum and chemical industry is in good shape, Economic growth has basically achieved a stable and rapid situation from the big ups and downs after the financial crisis. In the first three quarters, the output of major products continued to grow rapidly; The market supply and demand are basically stable, and the increase of product prices is stable and slowing down; Significant progress has been made in import and export trade; Industry investment grew steadily. However, the structural contradictions in economic operation are still relatively prominent; The pressure of rising raw material prices and rising industry costs continues to increase; With the increase of uncertainties in the world economic recovery and the prevalence of new protectionism in international trade, industrial exports may face a more severe and complex situation

-- economic growth tends to be stable and fast from high speed. Since this year, the basic feature of the economic trend of the petroleum and chemical industry is that it gradually tends to be stable and fast from high speed. According to statistics, by the end of September, 36027 Enterprises above Designated Size in the whole industry had achieved a total output value of 6.33 trillion yuan, an increase of 35.3% year-on-year, accounting for 12.55% of the total industrial output value of the country. Among them, the output value of new products was 341.75 billion yuan, a year-on-year increase of 41.2%. In the first three quarters, the growth rate of the total output value of the whole industry was 46.9%, 36.8% and 25.2% respectively, gradually slowing down

in terms of industries, in the first three quarters, the output value of oil and gas exploitation, oil refining, chemical industry and special equipment manufacturing industry increased by 42.4%, 41%, 32.3% and 19.3% respectively, and the total output value was 724.75 billion yuan, 1740.94 billion yuan, 3719.3 billion yuan and 147.02 billion yuan respectively. In terms of regions, there are five provinces and cities with an increase of more than 45%, which are Tianjin, Fujian, Xinjiang, Jiangxi and Guangxi, respectively 60.2%, 56.2%, 50%, 45% and 45%; There are four provinces with an output value of more than 450 billion yuan, followed by Shandong, Jiangsu, Guangdong and Liaoning, which are 1154.064 billion yuan, 808.405 billion yuan, 490.286 billion yuan and 475.498 billion yuan respectively. The sum of the output value accounts for about 46.25% of the national industry

-- the output of major products continued to grow rapidly. In the first three quarters, the output of major domestic petrochemical products continued to grow rapidly, especially petroleum, organic chemical raw materials, synthetic resins, coatings, tires and other products, with a strong growth momentum. The output of 78 key petrochemicals and related products tracked by the China Federation of petroleum and chemical industry showed that 73 products (species) increased year-on-year, accounting for 9. The brand popularity further increased by 3.6%; Only 5 species (species) decreased, accounting for 6.4%. Among them, products with an increase of more than 20% accounted for 37.2%, products with an increase of more than 30% accounted for 19.2%, and feed additives and chemical reagents increased by 125.1% and 70.9% respectively

-- the increase of product price is stable and slowing down, and the connection between production and marketing is generally smooth. In the first nine months, the product price of the petroleum and chemical industry generally maintained an upward trend, but the increase gradually narrowed. According to the data released by the National Bureau of statistics, the price index of the petroleum and chemical industry in the first three quarters was 118.57 points (based on the price of 100 in the same period of last year), down 4.97 percentage points from the first half of the year. In the first three quarters, the product sales rate of the petroleum and chemical industry was 98.2%, an increase of 0.41 percentage points year-on-year, and the connection between production and sales was generally smooth

-- significant progress was made in foreign trade. In the first three quarters, China's import and export trade, especially export trade, still made significant progress, approaching the best level before the financial crisis, despite the prevalence of international trade protectionism and sluggish foreign demand. Customs data showed that from January to September, the total import and export trade volume of the petroleum and chemical industry was US $337.171 billion, an increase of 46.7% year-on-year. Among them, the total import volume was 239013 billion US dollars, an increase of 50.1% year on year; The total export volume was 98.158 billion US dollars, an increase of 38.8%. In the first three quarters, the trade deficit was 140.855 billion US dollars, an increase of 59.1% year-on-year

-- energy demand grew rapidly, and crude oil was highly dependent on foreign countries. In the first three quarters, driven by domestic demand, the consumption of domestic energy and major chemical products increased rapidly. In the first three quarters, China's apparent oil consumption reached 335 million tons, an increase of 13.3% year-on-year; The apparent consumption of natural gas reached 78.72 billion cubic meters, with a year-on-year increase of 20.3%. Since this year, demand has continued to grow strongly; The apparent consumption of ethylene is 10.919 million tons, with a year-on-year increase of 31.2%, which is one of the fastest growing petrochemical products. In addition, in the first three quarters, the apparent consumption of sulfuric acid increased by 17% year-on-year, caustic soda increased by 17.3%, soda ash increased by 14.4%, methanol increased by 16.9%, synthetic resin increased by 10.2%, synthetic fiber monomer increased by 15%, chemical fertilizer increased by 2.8%, and tires increased by 23.5%

-- investment growth has been stable. Since this year, the growth of fixed asset investment in the petroleum and chemical industry has been generally stable, accelerating in the first half of the year and slowing down in the second half of the year. From January to September, the total investment of the whole industry was 792.325 billion yuan, with a year-on-year increase of 14.94%, and the growth rate accelerated by 3.4 percentage points year-on-year, 0.8 percentage points slower than that from January to August. Among them, the investment in the chemical industry was 532.047 billion yuan, a year-on-year increase of 16.3%. New projects in the industry continued to decline. From January to September, 7049 new projects were started in the petroleum and chemical industry, a year-on-year decrease of 4.8%

although the petroleum and chemical industry achieved good economic results in the first three quarters, on the whole, the quality of economic operation is not high, and the task of adjusting the industry structure and changing the development mode is still very arduous. According to the analysis, in the fourth quarter of this year, the industry economy will continue the current steady and rapid development momentum, but the growth rate will slow down compared with the third quarter. The total output value of the whole industry is expected to be about 2.28 trillion yuan in the fourth quarter, with a year-on-year increase of 17.8%, about 7 percentage points lower than that in the third quarter, and an annual increase of about 29.5%. The annual total output value of the industry was about 8.6 trillion yuan, an increase of 29.5%. Among them, the output value of the chemical industry in the fourth quarter was about 1.35 trillion yuan, an increase of 20.2%, and the annual output value was about 5.06 trillion yuan, an increase of 28.9%. In addition, it is expected that the annual profit will increase by about 25%, the investment will increase by about 14%, and the total import and export trade will increase by about 38%

in the fourth quarter, the petrochemical market will generally rise steadily, and the market fluctuation will not be too large. Judging from the current domestic and international market demand, in the fourth quarter, the price increase in the domestic petroleum and chemical industry will continue to narrow, the petrochemical market will continue to operate in a relatively stable manner, and some markets will continue to adjust, but the fluctuation range will not be too large. The cross-section of components gradually weakened in the fourth quarter. With the increase of exports and the arrival of light storage, the fertilizer market will improve, but the downturn will not fundamentally change; Inorganic chemical raw materials market will be based on shares Beijing lear (002392) it is mainly stable and may continue to rise steadily; driven by the rise of crude oil, the organic chemical raw materials and synthetic materials market may generally show a fluctuating upward trend. Among them, the synthetic fiber monomer market will continue to maintain a high operating trend, and the synthetic resin and synthetic rubber Market will continue to rise in the shock.

note: the source of this reprint is indicated, and the reprint is for the purpose of transmitting more information, which does not mean that Agree with their views or confirm the authenticity of their content