According to the analysis report of the Information Department of the China Petroleum and Chemical Industry Association, China's oil and chemical industries achieved good results in the first three quarters: profitability improved rapidly, production growth continued unabated, product sales remained smooth, and import and export trade deficit growth slowed.
The production runs well and benefits continue to grow rapidly. From January to August, the total profits of the industry totaled 242.8 billion yuan, up 40% year-on-year, accounting for 28.1% of the country's total industrial profits. The profit growth of the chemical industry was rapid and steady, with a profit of 60.57 billion yuan, a year-on-year increase of 27.7%.
Production and sales are active and production is increasing. From January to August, the whole industry realized a current industrial output value of 2100.1 billion yuan, a year-on-year increase of 36.5%, and achieved an industrial added value of 555.87 billion yuan, a year-on-year increase of 30.9%. Of the 64 types of petroleum and chemical products that were tracked, production of 60 products increased, accounting for 93.8%, and output of only four products was lower than the same period of last year, accounting for 6.2%.
From January to September, cumulative production of crude oil was 13,565,000 tons, an increase of 4.2% year-on-year; cumulative natural gas production was 35.83 billion cubic meters, an increase of 20.1% year-on-year, an increase of 2.5 percentage points over the same period last year; The cumulative production of refined oil was 21,035,000 tons, an increase of 7.3% over the same period of the previous year, including 40,041,000 tons of gasoline, an increase of 3.9% year-on-year, and diesel fuel, 81.216 million tons, a year-on-year increase of 9.6%; cumulative fertilizer ( The output was 36.623 million tons, a year-on-year increase of 10.9%, of which nitrogen was 26,346,000 tons, an increase of 10.2% compared to the same period of last year; nitrogenous fertilizer production of urea was 14,795,000 tons, a year-on-year increase of 7.4%. The cumulative production of pesticides was 782,000 tons, an increase of 15.1% year-on-year. The output of insecticides, fungicides and herbicides was 30,000 tons, 84,000 tons and 225,000 tons respectively. The increase was 7.9%, 16.4% and 18.2%, respectively; the cumulative ethylene production was 5.539 million tons, an increase of 19.7% from the same period last year, and the output in the third quarter was 2,041,000 tons, an increase of 41% over the same period last year. 2%; Total benzene production was 2.334 million tons, an increase of 13.9% year-on-year, and its third-quarter output was 747,000 tons, a year-on-year increase of 27.2%; The output was 9.092 million tons, a year-on-year increase of 21.4%; the production of soda ash was 10.412 million tons, a year-on-year increase of 13.2%; the cumulative production of synthetic resin was 15.531 million tons, a year-on-year increase of 16.4%; synthetic rubber The cumulative output was 1.19 million tons, an increase of 9.5%; the cumulative production of tires was 220 million, an increase of 29% year-on-year, of which 100 million radial tires, an increase of 39.5%; rubber shoes production was 840 million. Double, a year-on-year increase of 15.4%.
In terms of prices, the prices of most products rose. In September, international crude oil and refined oil prices continued to rise in an all-round way. There are 92 kinds of 139 kinds of chemical products that have been tracked by the domestic market, accounting for 66.2% of the price increase, and there are 30 types of chemical products, accounting for 21.6%. Most of the prices of organic products, fertilizers, and synthetic materials have risen in different ranges.
The import and export trade is active, and the growth rate of trade deficit has slowed down. From January to August, China's petroleum and chemical industries realized a total import and export volume of 127.83 billion U.S. dollars, a year-on-year increase of 29.6%. Among them, the import volume was 90.81 billion U.S. dollars, up 23.5% year-on-year; the export volume was 37.02 billion U.S. dollars, up 47.3% year-on-year. Exports grew faster than imports by 23.8 percentage points.
Problems can not be ignored Although China's oil and chemical industry has made remarkable achievements this year, coal, electricity, oil, and transportation are still in a tense situation. The international oil price is too high, the downstream industry carries too much cost pressure, and domestic product oil prices are hung upside down. , Refining companies have suffered continuous losses and other issues still restrict the development of the industry to varying degrees. In particular, the rapid rise in international oil prices has increased supply risks.
The following countermeasures should be taken in response to this situation: First, to strengthen the exploration and development of domestic resources, especially the development of the surrounding offshore oil and gas resources; Second, to provide preferential measures to the development of the natural gas industry to encourage its accelerated development; Third, to increase " “Going global†to seek cooperation in oil and gas projects. Fourth, implement a diversified oil and gas import strategy, including diversification of sources, diversification of species, diversification of trading methods, diversification of trade channels, and diversification of transport modes. Fifth, vigorously promote energy conservation policies. From the aspects of taxation and other aspects, encourage energy-saving industries and energy-saving machinery, etc., and at the same time support the development of alternative energy sources. Sixth, accelerate the establishment of China's petroleum strategic reserve system. In addition, the adjustment of refined oil prices in China lags behind, and the benefits of crude oil processing industry decline. It is suggested that China should appropriately increase the adjustment frequency of refined oil prices in order to better reflect changes in the market situation.
Another problem is that there are still duplicate constructions in individual industries. Since the beginning of this year, almost every place where large-scale production of coal has taken place, the government and companies have been planning to launch the "coal-to-oil" project. Relevant parties expect that by 2020, China's "coal oil production" capacity will reach 36 million to 39 million tons. By then, it will be able to provide about 13% of the domestic transportation fuel. However, the current development speed of "cooking up" will be far. Breakthrough this expectation. In addition, calcium carbide, caustic soda, soda ash and other industries have more new construction and expansion projects, while domestic demand growth has been limited, and rising energy and cost prices have increased competition among enterprises.
The year-end forecasts cautiously optimistic Although the recent international oil prices have fallen slightly at high levels, with the advent of the winter, the demand for crude oil will become stronger and the trend of falling prices will be difficult to maintain. China's oil and natural gas industry will benefit from high oil prices and will continue to maintain a strong growth in efficiency, and the oil refining industry will continue to face such a large cost pressure.
It is expected that China's oil and chemical industry can achieve a current production value of RMB 3,300 billion, a year-on-year increase of 33.8%; sales revenue of RMB 3,250 billion, an increase of 34% over the same period of last year; a profit of RMB 380 billion, an increase of 36% over the same period of last year; 840 billion yuan.
It is expected that in the whole year of 2005, China’s crude oil production will reach 180 million tons, an increase of 3.2% year-on-year; refined oil will reach 270 million tons, an increase of 4% year-on-year; urea will be 19.5 million tons, an increase of 1.4%; and caustic soda will be 12 million tons. An increase of 13.2% year-on-year; Soda Ash 14 million tons, an increase of 10.5%.
The production runs well and benefits continue to grow rapidly. From January to August, the total profits of the industry totaled 242.8 billion yuan, up 40% year-on-year, accounting for 28.1% of the country's total industrial profits. The profit growth of the chemical industry was rapid and steady, with a profit of 60.57 billion yuan, a year-on-year increase of 27.7%.
Production and sales are active and production is increasing. From January to August, the whole industry realized a current industrial output value of 2100.1 billion yuan, a year-on-year increase of 36.5%, and achieved an industrial added value of 555.87 billion yuan, a year-on-year increase of 30.9%. Of the 64 types of petroleum and chemical products that were tracked, production of 60 products increased, accounting for 93.8%, and output of only four products was lower than the same period of last year, accounting for 6.2%.
From January to September, cumulative production of crude oil was 13,565,000 tons, an increase of 4.2% year-on-year; cumulative natural gas production was 35.83 billion cubic meters, an increase of 20.1% year-on-year, an increase of 2.5 percentage points over the same period last year; The cumulative production of refined oil was 21,035,000 tons, an increase of 7.3% over the same period of the previous year, including 40,041,000 tons of gasoline, an increase of 3.9% year-on-year, and diesel fuel, 81.216 million tons, a year-on-year increase of 9.6%; cumulative fertilizer ( The output was 36.623 million tons, a year-on-year increase of 10.9%, of which nitrogen was 26,346,000 tons, an increase of 10.2% compared to the same period of last year; nitrogenous fertilizer production of urea was 14,795,000 tons, a year-on-year increase of 7.4%. The cumulative production of pesticides was 782,000 tons, an increase of 15.1% year-on-year. The output of insecticides, fungicides and herbicides was 30,000 tons, 84,000 tons and 225,000 tons respectively. The increase was 7.9%, 16.4% and 18.2%, respectively; the cumulative ethylene production was 5.539 million tons, an increase of 19.7% from the same period last year, and the output in the third quarter was 2,041,000 tons, an increase of 41% over the same period last year. 2%; Total benzene production was 2.334 million tons, an increase of 13.9% year-on-year, and its third-quarter output was 747,000 tons, a year-on-year increase of 27.2%; The output was 9.092 million tons, a year-on-year increase of 21.4%; the production of soda ash was 10.412 million tons, a year-on-year increase of 13.2%; the cumulative production of synthetic resin was 15.531 million tons, a year-on-year increase of 16.4%; synthetic rubber The cumulative output was 1.19 million tons, an increase of 9.5%; the cumulative production of tires was 220 million, an increase of 29% year-on-year, of which 100 million radial tires, an increase of 39.5%; rubber shoes production was 840 million. Double, a year-on-year increase of 15.4%.
In terms of prices, the prices of most products rose. In September, international crude oil and refined oil prices continued to rise in an all-round way. There are 92 kinds of 139 kinds of chemical products that have been tracked by the domestic market, accounting for 66.2% of the price increase, and there are 30 types of chemical products, accounting for 21.6%. Most of the prices of organic products, fertilizers, and synthetic materials have risen in different ranges.
The import and export trade is active, and the growth rate of trade deficit has slowed down. From January to August, China's petroleum and chemical industries realized a total import and export volume of 127.83 billion U.S. dollars, a year-on-year increase of 29.6%. Among them, the import volume was 90.81 billion U.S. dollars, up 23.5% year-on-year; the export volume was 37.02 billion U.S. dollars, up 47.3% year-on-year. Exports grew faster than imports by 23.8 percentage points.
Problems can not be ignored Although China's oil and chemical industry has made remarkable achievements this year, coal, electricity, oil, and transportation are still in a tense situation. The international oil price is too high, the downstream industry carries too much cost pressure, and domestic product oil prices are hung upside down. , Refining companies have suffered continuous losses and other issues still restrict the development of the industry to varying degrees. In particular, the rapid rise in international oil prices has increased supply risks.
The following countermeasures should be taken in response to this situation: First, to strengthen the exploration and development of domestic resources, especially the development of the surrounding offshore oil and gas resources; Second, to provide preferential measures to the development of the natural gas industry to encourage its accelerated development; Third, to increase " “Going global†to seek cooperation in oil and gas projects. Fourth, implement a diversified oil and gas import strategy, including diversification of sources, diversification of species, diversification of trading methods, diversification of trade channels, and diversification of transport modes. Fifth, vigorously promote energy conservation policies. From the aspects of taxation and other aspects, encourage energy-saving industries and energy-saving machinery, etc., and at the same time support the development of alternative energy sources. Sixth, accelerate the establishment of China's petroleum strategic reserve system. In addition, the adjustment of refined oil prices in China lags behind, and the benefits of crude oil processing industry decline. It is suggested that China should appropriately increase the adjustment frequency of refined oil prices in order to better reflect changes in the market situation.
Another problem is that there are still duplicate constructions in individual industries. Since the beginning of this year, almost every place where large-scale production of coal has taken place, the government and companies have been planning to launch the "coal-to-oil" project. Relevant parties expect that by 2020, China's "coal oil production" capacity will reach 36 million to 39 million tons. By then, it will be able to provide about 13% of the domestic transportation fuel. However, the current development speed of "cooking up" will be far. Breakthrough this expectation. In addition, calcium carbide, caustic soda, soda ash and other industries have more new construction and expansion projects, while domestic demand growth has been limited, and rising energy and cost prices have increased competition among enterprises.
The year-end forecasts cautiously optimistic Although the recent international oil prices have fallen slightly at high levels, with the advent of the winter, the demand for crude oil will become stronger and the trend of falling prices will be difficult to maintain. China's oil and natural gas industry will benefit from high oil prices and will continue to maintain a strong growth in efficiency, and the oil refining industry will continue to face such a large cost pressure.
It is expected that China's oil and chemical industry can achieve a current production value of RMB 3,300 billion, a year-on-year increase of 33.8%; sales revenue of RMB 3,250 billion, an increase of 34% over the same period of last year; a profit of RMB 380 billion, an increase of 36% over the same period of last year; 840 billion yuan.
It is expected that in the whole year of 2005, China’s crude oil production will reach 180 million tons, an increase of 3.2% year-on-year; refined oil will reach 270 million tons, an increase of 4% year-on-year; urea will be 19.5 million tons, an increase of 1.4%; and caustic soda will be 12 million tons. An increase of 13.2% year-on-year; Soda Ash 14 million tons, an increase of 10.5%.
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