Oil and chemical industry development performance is not bad

In the first three quarters of this year, China's oil and chemical industry continued to maintain a good development trend. In the first three quarters, the industry realized current gross industrial output value of 38.1111 trillion yuan, a year-on-year increase of 20.2%. Production maintained a steady and rapid growth. Product prices rose more than decreased, and after the tax rebate policy was adjusted, the export growth rate declined.
Steady and rapid growth in production
In the first three quarters, the cumulative production of chemical fertilizers (or purification) was 43.10 million tons, a year-on-year increase of 13.8%, of which nitrogen was 31.447 million tons, an increase of 12.2% year-on-year; cumulative production of pesticides was 1.274 million tons, a year-on-year increase of 20.6%. To further improve, the proportion of pesticides in pesticides has dropped to 37.1%.
Among the "triacids and alkalis," only the production of hydrochloric acid increased by single digits, and the others were double-digit increases. Since the beginning of this year, the growth rate of ethylene production has declined from quarter to quarter with the fluctuation of oil prices. From January to September, the cumulative production was 7.787 million tons, a year-on-year increase of 14.7%. However, the production of pure benzene and refined methanol still maintained rapid growth. From January to September, the cumulative production of pure benzene was 3.338 million tons and refined methanol was 7.206 million tons, an increase of 30.3% and 38.2% respectively year on year.
From January to September, the cumulative production of synthetic resin was 24.493 million tons, a year-on-year increase of 18.5%; the total amount of synthetic rubber was 1.597 million tons, a year-on-year increase of 13.7%; the synthetic fiber raw materials also maintained rapid growth, and the output of synthetic fiber monomer and polymer They were 7.602 million tons and 8.353 million tons, respectively, an increase of 31.0% and 17.5% respectively.
Driven by the rapid growth of exports, the tire casing output continues to grow rapidly. From January to September, a total of 387 million tires were produced, a year-on-year increase of 23.8%. The number of radial tires was 176 million, an increase of 35.3% year-on-year, and the proportion of tires with radial tires was 45.4%.
High product price fluctuations
In the first three quarters of this year, the prices of domestic petrochemical products generally showed high fluctuations. Among the 174 petrochemical products that the industry focused on tracking, the average price of January-September rose 109 cases, accounting for 62.6%, and the price fell by 60, accounting for 34.5%.
The price of inorganic chemical raw materials is firm. Among the 31 inorganic chemical products tracked, the average price of January-September rose 21 kinds, which accounted for 67.7%; the price dropped 8 kinds, accounting for 25.8%. In September, the average price of sulfuric acid market reached 584 yuan, up 39% year-on-year; the hydrochloric acid market was relatively stable, the market supply and demand were basically balanced, and prices rose slightly; the price of protopine was 2,890 yuan and the price of liquid caustic soda was 570 yuan, up by 21.4% and 7.5 percent year on year respectively. %; Soda ash average price reached 1,720 yuan, up 4.9% year-on-year; average price of calcium carbide reached 3040 yuan, up 12.6% year-on-year.
Consolidation of Organic Chemicals Market The 72 kinds of organic chemical products tracked by the company saw 48 kinds of average price increase from January to September, accounting for 2/3; there were 23 kinds of decrease in price, accounting for about 1/3. Aromatic hydrocarbon products are generally affected by the impact of oil prices, and the prices of toluene, xylene, o-xylene, and styrene products have declined to varying degrees.
The overall agrochemical market remained stable. The prices of ammonium nitrate and calcium sulphate rose sharply compared with the same period of last year. Excluding a slight drop in urea prices, other chemical fertilizers rose moderately; the pesticide product market remained stable, tracking five species. The prices of pesticide products rose steadily.
The price of plastic resin products is weak In the 16 kinds of plastic resin products tracked, compared with the same period of last year, prices rose by half. In September, except for PVC prices, the 5 major resin products increased slightly, while others fell to varying degrees.
Rubber market price fluctuations within a narrow range This year, both natural rubber and synthetic rubber market trends are slightly sluggish. After entering the month of August, this situation has improved and the supply of natural rubber has decreased. In September, the market rebounded and the price of synthetic rubber fluctuated.
Export growth has declined
According to statistics, in the first three quarters of this year, China's petroleum and chemical industries completed export delivery value of 265.1 billion yuan, an increase of 22.9% year-on-year. The total import and export trade volume of the industry reached US$232.82 billion, an increase of 21.5% over the same period of the previous year. Among them, imports were 159 billion U.S. dollars, up 16.4%; exports were 73.82 billion U.S. dollars, up 34%; trade deficits were 85.18 billion U.S. dollars, up 4.5% year-on-year. From January to September, the total imports of crude oil were 124.576 million tons, up 13.6% year-on-year; the crude oil trade deficit reached 55.77 billion US dollars, an increase of 12.7% year-on-year, accounting for nearly two-thirds of the industry's deficit.
After the national export tax rebate policy was adjusted on July 1, the export growth rate declined. From January to September, the output of solid caustic soda was 339,000 tons, an increase of 2.3% year-on-year, an increase of 10.4 percentage points from January to June; 1.428 million tons of soda ash exports, a year-on-year decrease of 10.1%; and 150,000 tons of bismuth carbonate exports, a year-on-year decrease of 13.4 tons. %; Strontium carbonate exports 21,000 tons, down 31.8% year-on-year. The adjustment of the national export tax rebate policy will help promote the transformation of China's economic growth mode and the sustainable economic and social development.
It is estimated that the oil and chemical industry in 2007 will achieve an increase in current gross industrial output value of more than 20%, the product sales rate will be above 98%, and the product prices of the whole industry will keep increasing and decreasing, and the growth rate of major economic indicators will be 20%. about.

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