Demand for petrochemical products will maintain modest growth

The Ministry of Industry and Information Technology released the "2013 Oil and Chemical Industry Economic Operation Situation" on February 21 and this year's petrochemical industry work plan to accelerate the development of high-end petrochemical chemical products such as high-performance membrane materials, high-grade lead-free coatings, and chlorination titanium dioxide. Do a good job in the layout of productivity and policy for important products such as paraxylene (PX) and phenylmethane diisocyanate (MDI), advance the management of chromium compound production and construction licenses, conduct research on the specifications of tires and fluorine chemicals, and accelerate the improvement of the petrochemical industry standard system. Promote the coordination of trade policies and industrial policies.

The report also predicts that in 2014, the demand for the main products of the petroleum and chemical industry will maintain a moderate growth, the overall price level will be flat or rebound, and the overall economic performance of the industry will remain relatively stable.

It is understood that in 2013, the cumulative value of oil and chemical industry increased by 8% year-on-year, accounting for 13.23% of the national industrial added value, of which the chemical industry added value was 12.2%; the main business income was 12.94 trillion yuan, an increase of 8.94% year-on-year, including chemical industry 8.11 trillion yuan, an increase of 12.88%; profit of 840.27 billion yuan, an increase of 5.64%, of which chemical industry 433.99 billion yuan, an increase of 12.23%, while the same period last year was a decrease of 0.66% and 4%; loss of 3225 companies, a decrease of 0.43% year-on-year The loss amount decreased by 12.53%.

The report believes that the contradiction between overcapacity in some industries is still prominent, some of the traditional chemical industry oversupply contradiction is increasingly prominent, the capacity utilization rate remains low for a long time, the backward production capacity withdrawal mechanism is not perfect, the market competition is fierce, and the price continues to be low. According to industry association statistics, in 2013, the operating rates of methanol, polyvinyl chloride, caustic soda, and urea were approximately 60%, 65%, 75%, and 80%. The price of methanol and PVC was low for a long time. The prices of caustic soda (caproline) and urea decreased by 18.4% and 13.4% respectively year-on-year. In addition, after some technological breakthroughs in new chemical materials and fine chemicals have been made, the production capacity has increased excessively, and there has been a new trend of overheating.

The economic operation cost has been operating at a high level. Since 2013, although the prices of some raw materials, such as coal, have been low, the costs of labor, electricity, transportation, and environmental protection have risen, leading to a high overall cost of the industry. From January to December, the main business cost of the petroleum and chemical industry was 10.8 trillion yuan, an increase of 9.9% year-on-year, 0.93 percentage points higher than that of the main business.