In the First Half of the Year, China's Petrochemical Industry Ran Smoothly

Since the beginning of this year, the petrochemical and chemical industry has been operating steadily, with year-on-year growth in efficiency and investment, and continuous enhancement of innovation vitality, showing a good development situation. On August 4, the Ministry of Industry and Information Technology held a symposium on the operation analysis of the petrochemical industry in the first half of 2022 in Beijing. Wang Jiangping, member of the party group and vice minister of the Ministry of Industry and Information Technology, attended the meeting and delivered a speech. 10 key enterprises including China Petroleum and Chemical Industry Federation, Sinopec, 2 industrial parks including Ningdong Base and relevant responsible comrades of Shanghai Futures Exchange attended the meeting.

The meeting pointed out that since the beginning of this year, the petrochemical and chemical industry has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, and resolutely implemented the requirements of "preventing the epidemic, stabilizing the economy, and developing safety". , The vitality of innovation has been continuously enhanced, showing a good development situation. At the same time, we are also facing challenges such as industry development differentiation, prominent "triple pressure", and severe safety production situation. We must maintain strategic focus, seize development opportunities, strive to make up for shortcomings, achieve stable growth, and provide strong support for maintaining the overall stability of the economy. support.


Production is stable and prices are rising

In the first half of the year, the production of the petrochemical industry was basically stable. According to data from the National Bureau of Statistics, in the first half of the year, the capacity utilization rate of chemical raw materials and chemical products manufacturing was 77.8%, down 0.8 percentage points year-on-year, and 2.4 percentage points higher than the industrial average. The output of caustic soda, soda ash, sulfuric acid, ethylene and other bulk raw materials were 19.65 million tons, 14.67 million tons, 47.52 million tons and 14.39 million tons respectively, up 0.8%, -1%, 1.1% and 1.4% year-on-year; the output of synthetic resin and synthetic rubber They were 56.27 million tons and 3.76 million tons respectively, an increase of 1% and -6.1% year-on-year; the total amount of chemical fertilizers (in pure form) was 28.43 million tons, a year-on-year increase of 3.3%; the output of rubber tire casings was 418 million, a year-on-year decrease of 7.6%.

The price of chemical products continued to rise. In the first half of the year, the ex-factory price index for chemical raw materials and chemical manufacturing increased by 16.3% year-on-year. According to the data of the Petrochemical Federation, among the 30 products that focus on price, 21 of them have a year-on-year average price increase in the first half of the year, of which caustic soda, potassium chloride, and sulfuric acid increased by 111%, 92%, and 84% year-on-year; the price in June increased month-on-month. There are 20 of them, of which nitric acid, caustic soda and PX increased by 14%, 11% and 10% month-on-month.

Investment and exports are growing well. In the first half of the year, investment in chemical raw materials and chemical manufacturing increased by 15% year-on-year, 4.1 percentage points higher than the industrial average. According to data from the General Administration of Customs, in the first half of the year, the total export value of organic chemicals was US$50 billion, a year-on-year increase of 49%, with a trade surplus of US$18.1 billion, a year-on-year increase of 366%; the total export of inorganic chemicals was US$18.4 billion, an increase of 82% year-on-year, with a trade surplus of US$18.4 billion. 7 billion US dollars, a year-on-year increase of 76%; synthetic resin exports totaled 20.1 billion US dollars, a year-on-year increase of 40%, and a trade deficit of 15.5 billion US dollars, a year-on-year decrease of 40%.


"Four Strengthening" to ensure the stable operation of the industry

The meeting emphasized that it is necessary to thoroughly implement the "14th Five-Year Plan" to promote the high-quality development of the petrochemical and chemical industry guidance, pay close attention to the key issues of industry development, and achieve "five priorities". The first is to focus on innovative development, focus on major national strategic needs, strengthen research on cutting-edge technologies and underlying technologies, and promote the transformation of innovation from "following" to "leading". The second is to pay attention to intrinsic safety, practice responsible care, actively adopt advanced and applicable technology and intelligent technology to transform old equipment, accelerate the relocation and transformation of hazardous chemical production enterprises, and guide enterprises to enter the park in an orderly manner. The third is to focus on green and low-carbon, give full play to the advantages of carbon consumption and carbon fixation, based on the actual situation, establish first and then break through, and promote carbon peaking in an orderly manner on the basis of ensuring high-quality supply. Fourth, focus on digital transformation, accelerate the integration of the petrochemical and chemical industry with the new generation of information and communication technology, and achieve comprehensive empowerment, experience accumulation, cost reduction and efficiency improvement. Fifth, pay attention to talent training, and take multiple measures to optimize the talent structure according to the characteristics of different types of talents.

The meeting called for strengthening government-enterprise coordination to achieve "four intensifications" to ensure the stable operation of the petrochemical and chemical industry. The first is to strengthen monitoring and early warning, improve the "red, yellow and blue" early warning mechanism, coordinate and solve difficult and block problems in a timely manner, and ensure the safety and stability of the industrial chain and supply chain. The second is to strengthen security services, promote the implementation of existing policies, research and reserve more effective and useful policies, and enhance the sense of gain for industries and enterprises. The third is to strengthen effective investment, accelerate the construction of major petrochemical projects, and comprehensive technical transformation of old equipment, so as to form physical workload and development benefits as soon as possible. The fourth is to strengthen publicity and guidance, strengthen positive publicity, tell industry stories, strengthen negative warnings, strengthen industry self-discipline, and continuously improve industry development confidence and social image.