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The analysis report of the China Petroleum and Chemical Industry Association shows that since 2006, China’s petroleum and chemical industries have maintained a good momentum of development under the macroeconomic conditions of sustained international and domestic economic growth and strong expectations. The specific performance is: The industry continues to take a good position in terms of production, sales, prices, import and export, and the economic benefits continue to improve.
In 2006, domestic oil and chemical production maintained rapid growth as new and expanded capacity was put into operation. From January to June, of the 65 (category) petroleum and chemical products that were tracked, output increased 61 cases compared with the same period last year, accounting for 95.4%, of which 48 were increased by more than 10%, accounting for 73.8%. Natural gas, fertilizers, pesticides, basic chemical raw materials, synthetic resins and other products grew rapidly. Only the production of polypropylene fiber, kerosene, fuel oil, and photographic film decreased compared with the same period last year.
Judging from the overall trend of market prices in the first half of the year, the general increase in costs and sustained growth in demand constitute strong support for the market. However, the rapid expansion of certain product capabilities and its gradual release have led to an increase in output, which has, to some extent, relieved the upward pressure. . The overall market price of petrochemical products showed a mixed rise and fall. The first quarter witnessed frequent fluctuations and the overall tendency to decline. In the second quarter, prices rose steadily and market conditions continued to improve.
From January to May, the total import and export trade volume of the entire industry reached 95.58 billion U.S. dollars, a year-on-year increase of 21.7%. Among them, the import volume was 70.53 billion U.S. dollars, up 24.6% year-on-year; the export volume was 25.05 billion U.S. dollars, up 14.0% year-on-year; the trade deficit was 45.47 billion U.S. dollars, up 31.3% year-on-year.
It is expected that the production of petroleum and chemical products will continue to maintain rapid growth in the second half of this year, but downstream demand cannot be increased simultaneously, and product sales may decline compared with 2005. As the cost and price of energy, raw materials, transportation, etc. have all increased, the cost of the entire industry will increase significantly compared with 2005, and the price trend of chemical products cannot be optimistic.
In 2006, domestic oil and chemical production maintained rapid growth as new and expanded capacity was put into operation. From January to June, of the 65 (category) petroleum and chemical products that were tracked, output increased 61 cases compared with the same period last year, accounting for 95.4%, of which 48 were increased by more than 10%, accounting for 73.8%. Natural gas, fertilizers, pesticides, basic chemical raw materials, synthetic resins and other products grew rapidly. Only the production of polypropylene fiber, kerosene, fuel oil, and photographic film decreased compared with the same period last year.
Judging from the overall trend of market prices in the first half of the year, the general increase in costs and sustained growth in demand constitute strong support for the market. However, the rapid expansion of certain product capabilities and its gradual release have led to an increase in output, which has, to some extent, relieved the upward pressure. . The overall market price of petrochemical products showed a mixed rise and fall. The first quarter witnessed frequent fluctuations and the overall tendency to decline. In the second quarter, prices rose steadily and market conditions continued to improve.
From January to May, the total import and export trade volume of the entire industry reached 95.58 billion U.S. dollars, a year-on-year increase of 21.7%. Among them, the import volume was 70.53 billion U.S. dollars, up 24.6% year-on-year; the export volume was 25.05 billion U.S. dollars, up 14.0% year-on-year; the trade deficit was 45.47 billion U.S. dollars, up 31.3% year-on-year.
It is expected that the production of petroleum and chemical products will continue to maintain rapid growth in the second half of this year, but downstream demand cannot be increased simultaneously, and product sales may decline compared with 2005. As the cost and price of energy, raw materials, transportation, etc. have all increased, the cost of the entire industry will increase significantly compared with 2005, and the price trend of chemical products cannot be optimistic.
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