Basic situation of petrochemical industry operation in the first half of the year

The operating income of enterprises above designated size in the petrochemical industry was 6.7 trillion yuan, a year-on-year increase of 32.9% and a year-on-year increase of 17.2%;

Total profit is 613.1 billion yuan, a year-on-year increase of 335.5%, which has exceeded the total profit of last year;

The total import and export volume was 400.13 billion US dollars, a year-on-year increase of 31.4%, and an increase of 11.8% compared with the same period in 2019.

Business status of each sector

The profit of the oil and gas sector has not yet recovered to the level of 2019;

The oil refining sector lost 25.07 billion yuan in the first half of last year, and realized a profit of 123.96 billion yuan in the first half of this year.

The operating income of the chemical sector increased by 36.4%, and the profit increased by 190.3%. The overall situation is good.

The output of major products increased

■ Crude oil and natural gas production continues to grow

The output of crude oil was 99.322 million tons, an increase of 2.4% year-on-year, which was a positive growth for three consecutive years since 2019; the output of natural gas was 104.46 billion cubic meters, an increase of 10.9% year-on-year.

■ The processing volume of crude oil, the output of refined oil, and the output of olefins and aromatics have all increased significantly

Crude oil processing volume increased by 10.7% year-on-year, refined oil production increased by 10.5% year-on-year, ethylene production increased by 26.6% year-on-year, and pure benzene production increased by 8.1% year-on-year.

■ Production of basic chemicals increased

Soda ash production increased by 5.6% year-on-year, caustic soda production increased by 10.8% year-on-year, sulfuric acid production increased by 9.1% year-on-year, and refined methanol production increased by 7.0% year-on-year.

■ The output of major agrochemicals increased

The output of synthetic ammonia increased by 4.7% year-on-year; the output of urea increased by 2.4% year-on-year; the output of pesticides (100%) increased year-on-year by 13.8%, of which the production of herbicides and fungicides increased by 15.5% and 11.2% respectively.

■ The output of synthetic materials has increased simultaneously

The output of synthetic resin increased by 12.3% year-on-year, of which the output of polyethylene, polypropylene, and polyvinyl chloride increased by 13.2%, 14.4%, and 11.0% respectively; the output of synthetic rubber increased by 10.8% year-on-year; the output of synthetic fiber monomer increased by 16.8% year-on-year.

Main product market consumption is good

■ The market sales of natural gas and refined oil have increased significantly

The apparent consumption of natural gas increased by 16.2% year-on-year;

The consumption of refined oil increased by 11.9% year-on-year (gasoline and kerosene increased by 21.6% and 54.9% respectively, and diesel decreased by 4.2%).

■ The organic and inorganic basic chemicals market is growing well

Apparent ethylene consumption increased by 25.0% year-on-year, pure benzene consumption increased by 10.0% year-on-year, soda ash consumption increased by 6.2% year-on-year, caustic soda consumption increased by 10.4% year-on-year, and refined methanol consumption increased by 4.6% year-on-year.

■ The consumption of synthetic materials has increased greatly

The apparent consumption of synthetic resins increased by 2.9% year-on-year, of which polyethylene, polypropylene, and polystyrene increased by 0.2%, 5.0%, and 7.4% respectively.

Synthetic fiber monomer consumption increased by 5.4% year-on-year.

The performance of backbone enterprises is gratifying

As of now, most domestic listed companies have issued performance forecasts for the first half of the year, and the performance of the companies that have issued the forecasts has been gratifying.

Satellite Petrochemical announced that the net profit attributable to shareholders of listed companies in the first half of the year was 1.86 billion to 2.26 billion yuan, an increase of 2.9 to 3.76 times over the same period of the previous year;

Hengli Petrochemical announced that the net profit attributable to shareholders of listed companies in the first half of the year was 8.5 billion yuan, a year-on-year increase of 54%;

Huachang Chemical announced that the net profit attributable to shareholders of listed companies in the first half of the year was 850 million to 900 million yuan, a year-on-year increase of more than 60 times;

Luxi Chemical predicted that the net profit attributable to shareholders of listed companies in the first half of the year was 2.55 billion to 2.65 billion yuan, a year-on-year increase of 10 times;

Wanhua Chemical announced that the net profit attributable to shareholders of listed companies in the first half of the year was 13.4 billion to 13.6 billion yuan, a year-on-year increase of 3.7 times;

Xinjiang Tianye announced that the net profit attributable to shareholders of listed companies in the first half of the year was between 950 million and 980 million, an increase of more than 6 times over the same period last year.