Petrochemical industry achieves stability and progress in 2012

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In the face of the severe and complicated macroeconomic situation, China Drying News reported that in 2012, the petroleum and chemical industry will accelerate the transformation of the economic development model, vigorously promote structural adjustment, technological innovation, and energy conservation and emission reduction, achieving the overall goal of “stability for progress”. . It is estimated that the total output value will reach 12.25 trillion yuan, an increase of 12.2% over the previous year; total investment in fixed assets will increase by 27%. This is information obtained from the China Petroleum and Chemical Industry Federation.

The petrochemical federation’s analysis of the economic operation of the petroleum and chemical industry in 2012 showed that last year the industry’s economic operation mainly exhibited the following characteristics: the industrial structure was further optimized and the regional development was more coordinated; the investment maintained a higher growth rate and the structure was further improved; foreign trade remained In terms of growth, exports remained basically the same; price trends moderated and some products declined more.

Zhao Zhiping, director of the Information and Marketing Department of the Petrochemical Association, believes that the optimization of industrial structure is mainly reflected in that from January to November, the output value of the natural gas extraction industry grew 7.3 percentage points higher than that of the oil extraction industry, and the proportion of output value reached 9.8% of the oil and gas exploitation industry. , an increase of 0.6% over the previous year; the proportion of the production value of synthetic materials and organic chemical raw materials manufacturing industry to the chemical industry reached 18.2% and 16.3%, respectively, increased by 1.6 and 1.1 percentage points; the output of all-steel radial tires exceeded 70 million, and the radialization The rate reached 87.4%, an increase of 0.3%; ion-exchange membrane caustic soda accounted for 82.5% of caustic soda production, an increase of 2.2 percentage points.

As for the improvement of investment structure, the growth rate of fixed assets and private investment has accelerated. It is estimated that the total fixed asset investment in the industry for the whole year will reach 1.8 trillion yuan, an increase of 27% over the previous year. This is the fastest growth rate since the outbreak of the international financial crisis. More gratifying is that investment in technology-intensive industries has increased substantially. In the first 11 months, investment in synthetic materials increased by 57.5%, organic chemical materials increased by 58.8%, investment in special equipment manufacturing increased by 60.8%, which was higher than the 30.2% investment in the chemical industry. The average increase.

In terms of foreign trade, the total foreign trade volume of the industry in 2012 is expected to be about US$640 billion, an increase of 5.5% over the previous year. Among them, the import of oil and gas, chemical ore increased rapidly, and the dependence on foreign oil and gas increased. From January to November, the import of crude oil was 247 million tons, and the foreign dependency ratio was 56.6%, an increase of 1.3 percentage points; the import of natural gas was 25,962,000 tons, and the foreign dependence degree was 25.7%, an increase of 4.1 percentage points.

In addition, the overall price increase in the petrochemical industry in 2012 showed a gradual slowdown and a steady trend. After entering the fourth quarter, the prices of the industry have shown signs of recovery, but some large varieties such as basic inorganic materials, organic chemical raw materials, synthetic resins and other prices are still falling.

Zhao Zhiping also stated that in 2012, although the economic growth of the entire industry achieved steady growth, the growth rate declined, especially the economic benefits. The total annual industrial profit was estimated to be about 750 billion yuan, down 6% from the previous year. The petrochemical federation analysis believes that this has both the impact of the continuous deepening of the international financial crisis and the increasing downward pressure on the domestic economy, as well as the deep-seated reasons why the industry’s own structural contradictions are prominent and management is not in place. For example, the contradiction between overcapacity and outstanding industry innovation capability Weakness, increased pressure on safety and environmental protection, etc.

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