In 2007 the oil and chemical industry to run the focus of analysis

Great job

In 2007, China Petroleum and Chemical Industry has achieved very good results, the industry stable and rapid economic growth: annual industrial output value (current prices) is expected to be completed 5,200,000,000,000 yuan, up 21.8 percent; sales are expected to be completed 5,100,000,000,000 yuan , Up 22.5 percent; profits are expected to 530,000,000,000 yuan, up 21%; loss of business losses are expected to decline 60%; total foreign trade volume is expected to be completed 310,000,000,000 U.S. dollars, up 22%.

First, the production growth rate was somewhat lower, to improve the quality of economic growth

In 2007, part of the country for high energy consumption, high emission of excessive growth of the industry, issued a series of policies, from the economic situation, the effectiveness of these policies and measures are gradually emerging. 1 November, petroleum and chemical industrial output value (current prices) 4.8 trillion yuan, up 21.4 percent; profits 502,960,000,000 yuan, up 20.6 percent, to realize total profits of industrial profits of 23%.

At the same time, the quality of economic growth has increased, from 1 to Nov. industry output value of new products, 247,610,000,000 yuan, up 51.1 percent, an increase of more new products output value of organic chemical raw materials (161.6%), synthetic rubber (95.7%) Information chemicals (175.9 percent). Industry output value of new products, the contribution rate of 5.1 percent for the same period last year increased 10.25 percent.

Second, the reduction has become an important energy-saving handle energy consumption and pollutant emissions decline

In 2007, the industry-wide energy reduction as an important grasp of the scientific development so that the industry over the years the rising trend of energy consumption has been curbed to some extent, the decrease in emissions. According to the National Bureau of Statistics, the first three quarters of 2007, China's petroleum and chemical industry 6 key energy-consuming energy at the overall declining trend. The unit energy consumption, crude oil processing industry fell 1.9 percent; 537.9kg for the caustic soda industry standard coal / t, fell 3.6 percent; 400.7kg soda ash industry standard coal / t, fell 1.9 percent; calcium carbide industry 1124.1kg Standard coal / t, fell 1.9 percent; 1158.2kg ethylene industry standard coal / t, fell 2.9 percent; 1456.7kg ammonia standard coal / t, fell 1.8 percent.

Third, actively adjusting product structure, market supply

Stability in the oil market, the China National Petroleum, China's two major petrochemical companies to take positive measures: First, the Organization of refineries producing at full capacity; Second, the chemical industry to reduce oil, to increase diesel production; Third, the pressure of refined oil exports and expand imports. In order to meet the needs of agricultural production, rising urea, ammonium phosphate, potash share; according to the needs of agricultural production, the decline in the proportion of pesticides, herbicides share further. The proportion of pesticides for 36.5 percent higher than last year dropped 3.5 percent; herbicide for 32.2 percent higher than last year to increase 3.6 percentage points. In order to meet the needs of automobile production, the proportion of radial reached 45.8 percent, 3.4 percentage point increase the previous year.

Fourth, technology-driven innovation, improve the ability of independent innovation

In 2007, major projects in scientific and technological research, technology absorption and innovation, promote the use of scientific and technological achievements, as well as the use of advanced technologies to transform and upgrade traditional industries and so on have come a long way. 8 the results of industry-wide adoption of the State Science and Technology Prize, "ultra-large-scale MDI manufacturing technology development" and "mega-projects set of radial tire production technology and equipment development," the results of the two countries on scientific and technological progress through the first assessment to fill The chemical industry awards over the years the gap. MDI ultra-large-scale manufacturing technology, methanol to olefins (DMTO) technology, million-ton PPO (PPO) and many other key technology projects and project implementation and completion of a breakthrough in the key sectors of the common technology, the promotion of the industry's ability to innovate Upgrade.

Fifth, to promote the responsibility of caring, building a harmonious society

In 2002, China Petroleum and Chemical Industry Association jointly with international organizations in China to promote the cause of Responsible Care, to carry out various forms of cooperation. In October 2007, in Shanghai, China held a second session of the General Assembly the responsibility of care and chemical businesses to the community to improve the health, safety and environmental quality. Association organized experts to prepare a "Guide to Responsible Care guidelines for the operation", and 17 enterprises to carry out the responsibility of caring work of the pilot.

Six transnational petrochemical companies to invest in China to speed up the pace

With China's rapid economic development, the petrochemical industry has become the most attractive investment in one of the industry. So far, China's investment in foreign petrochemical enterprises 2055, Exxon Mobil, Shell, BP, Total, BASF, DuPont, Bayer, Dow and other large companies in China's construction of the device to pull To rise. Large multinational corporations have developed a basic and long-term development objectives in China. Foreign-oriented companies in the field of refining, Kuwait Guangdong Nansha refining project is expected to completed and put into production in 2010; in February 2007, Fujian integrated refining project formally signed the agreement; Russian oil company China National Petroleum Group and co-operation in the East China and Russia to set up petrochemical公司. At the same time, foreign oil companies a high degree of concern about China's refined oil market. As of September 2007, the Ministry of Commerce has approved the establishment of a 9-foreign joint ventures, wholly foreign-owned oil retail enterprises. In addition, the planning and construction of China's foreign gas stations (including oil and gas co-Website) Total 2517, in which more than 1,500 blocks have been put into operation.

Serious problem

Although in 2007 achieved as a result, the economy, but there are still some issues of concern.

First, fast growth in fixed asset investment, the serious over-investment

In recent years, due to huge market demand, enhance the efficiency of the sector, oil and chemical industry production capacity launched a wave of expansion. From 2003 to 2006, fixed asset investment growth in 4 years in a row more than 30%, in 2007 the first 11 months of national oil and chemical industry investment in the actual completion of the 602,580,000,000 yuan, up 35.9 percent. From the structure of investment assets, refining and chemical raw materials on the basis of excessive growth of investment in industry, oil processing 67.4 percent growth in investment, 75.9 percent growth in mining chemicals, soda ash and caustic soda grew 79.1%, 60.3% inorganic growth. In particular, the western region is rich in energy resources and the region, rapid growth in investment, of which 92.5 percent growth in investment in Inner Mongolia, Henan growth of 40.8 percent, 66.4 percent growth in Hubei, Sichuan and 54.9 percent growth, 75.4 percent growth in Guizhou. As the 5-year industry for fast investment growth, exacerbated the energy, resource and environmental pressure, some industries will be overcapacity.

Second, high international crude oil prices, weak support for downstream industries

High international oil prices, may have sustained a longer period of time. High oil prices directly affect the domestic oil refining industry profits, an increase of the lower cost of production of chemical products, in particular on the three major synthetic materials have a direct and significant impact. In recent years, from the three major synthetic materials market price trend, as is the basic price of crude oil and Change Change, but the first half of this year, as international crude oil prices, domestic prices of synthetic material first and then decrease slowly up to form a Kind of price scissors. As the product of some countries to abolish export tax rebate policy, the lower product demand growth, rising prices of synthetic material constraints, many small and medium-sized enterprises in the production of plastic processing or semi-state production. At the same time, high oil prices caused by domestic refined oil price upside down, and if domestic oil prices will affect all areas of the national economy, social and economic costs of operation will be increased so as to lead to higher consumer prices in all, this should be taken very seriously.

Third, some of the product than domestic product demand, exports increased pressure

From the oil and chemical industry of the total supply and total demand, crude oil, organic chemical raw materials, the three major synthetic materials and specialty chemicals domestic production can not meet the market demand, the need to import to meet the market demand. Traditional industries such as inorganic salts, fertilizers, pesticides, caustic soda, soda ash, dyes, pigments, rubber processing, and other products, domestic production and sales more than is necessary to organize the production and export balance. In order to curb the excessive growth of exports and ease trade surplus is too large, on July 1, 2007, the country has revised some of its commodities export tax rebate policy, high-energy, high pollution and resource products, the export tax rebate rate cut. Involving oil and chemical products are 1031, accounting for the rate adjustment 36.4 percent of the total, accounting for petroleum and chemical export of 81.8 percent. As the traditional chemical products to be higher than domestic production, export tax rebate adjustment, exports to reduce corporate profits, exports increased pressure.