For a long time, the China Petroleum and Chemical Industry Association (hereinafter referred to as the Petrochemical Association) closely followed the development of the petrochemical industry and provided a lot of guidance information for the enterprises in the industry. Recently, the vice president of the association, Yang Weicai, said in an interview with reporters that in 2006 China's petrochemical industry maintained a relatively steady and healthy development. Among them, the contribution of the oil supply sector to the petrochemical industry’s profits accounted for the first place, and the profit was taken up by the entire petrochemical industry. At least a quarter of the total profit. As far as the energy and basic materials industries are concerned, they can basically maintain the needs of the national economy. Although oil and gas are still heavily imported, the self-sufficiency ratio of crude oil is about 50%. Chemical materials, especially fertilizers, pesticides, diesel oil, and agricultural plastics, can basically meet the needs of the national economy.
The timing of the fuel tax release is ripe
In terms of energy supply, PetroChina, Sinopec, and CNOOC have strengthened their exploration and development efforts in China. Daqing discovered some new oil fields. At the same time, some large oil fields have been discovered in Xinjiang, Bohai Bay and other places. Sinopec has discovered a breakthrough in Puguang. gas field. At the same time, the Ordos Sulige gas field, which is currently the most widely discovered, was formally developed.
According to statistics, in 2006, China produced a total of 183.7 billion tons of crude oil, an increase of 1.7% year-on-year, and the demand for natural gas as a civilian fuel increased. In 2006, a total of 58.55 billion cubic meters were produced, an increase of 19.2% over 2005. Yang Weicai said that Guangdong has begun to import liquefied natural gas, and the country is considering the second West-East Gas Pipeline project, which is planned to be sent to southern China. The state leaders have agreed to build a second conveyor line to Guangdong, which will come from the Energy Development Bureau of the National Development and Reform Commission. Take the lead.
As for domestic refined oil prices, the petrochemical association predicts that international oil prices will not fall below 50 US dollars/barrel in 2007, and the average price is expected to be between 55 and 60 US dollars per barrel, and should remain at a relatively high level. However, the decline in domestic refined oil prices will not be too large. The Petrochemical Association believes that it is a good time to introduce a fuel tax. It will be better if the international oil price stays at around US$55, which will prevent some waste.
Fertilizer and other agricultural materials prices are lower
Fertilizers, pesticides, agricultural plastics and other industries were relatively stable in production and supply in 2006. However, through a year's tracking, the petrochemical association found that the price of chemical fertilizers was lower than in 2005, and that the price per metric ton of urea was reduced by about 100 yuan.
There are three reasons for this. First, the production capacity of chemical companies has been further expanded, such as urea, nitrogenous fertilizer, and phosphorous ammonia. Second, large-scale nitrogenous fertilizer companies such as Lutianhua, Yuntianhua, Chuanhua, and Suihua strengthened their management, conducted energy-saving technological transformation, and reduced costs. Third, the government supports and gives some tax exemptions. At the same time, the state restricts exports. If agricultural enterprises want to export, the state must collect a 30% tax. In 2006, the urea export volume was 20% lower than the previous year.
The petrochemical association predicts that fertilizer prices will remain stable in 2007 and will not rise significantly.
Synthetic resin and other raw materials developed rapidly
Yang Weicai said that in 2006, China's synthetic resin produced 25.287 million tons, an increase of 17.6% over the same period of last year. China's past 50% of the resin market demand is met by imports, and the current import ratio is declining. The expansion of the three major companies has reduced the foreign dependence on synthetic resins from 50% to 40%.
At the same time, China has now become the largest producer of tires in the world. In 2006, China produced a total of 430 million tires, an increase of 15% over 2005. It is estimated that exports will reach 260 million, and exports will exceed 50%. The rapid development of the rubber industry has also supported the rapid development of China's auto industry. In 2006, China produced 7.7 million vehicles, and the demand for new tires was close to 40 million.
The timing of the fuel tax release is ripe
In terms of energy supply, PetroChina, Sinopec, and CNOOC have strengthened their exploration and development efforts in China. Daqing discovered some new oil fields. At the same time, some large oil fields have been discovered in Xinjiang, Bohai Bay and other places. Sinopec has discovered a breakthrough in Puguang. gas field. At the same time, the Ordos Sulige gas field, which is currently the most widely discovered, was formally developed.
According to statistics, in 2006, China produced a total of 183.7 billion tons of crude oil, an increase of 1.7% year-on-year, and the demand for natural gas as a civilian fuel increased. In 2006, a total of 58.55 billion cubic meters were produced, an increase of 19.2% over 2005. Yang Weicai said that Guangdong has begun to import liquefied natural gas, and the country is considering the second West-East Gas Pipeline project, which is planned to be sent to southern China. The state leaders have agreed to build a second conveyor line to Guangdong, which will come from the Energy Development Bureau of the National Development and Reform Commission. Take the lead.
As for domestic refined oil prices, the petrochemical association predicts that international oil prices will not fall below 50 US dollars/barrel in 2007, and the average price is expected to be between 55 and 60 US dollars per barrel, and should remain at a relatively high level. However, the decline in domestic refined oil prices will not be too large. The Petrochemical Association believes that it is a good time to introduce a fuel tax. It will be better if the international oil price stays at around US$55, which will prevent some waste.
Fertilizer and other agricultural materials prices are lower
Fertilizers, pesticides, agricultural plastics and other industries were relatively stable in production and supply in 2006. However, through a year's tracking, the petrochemical association found that the price of chemical fertilizers was lower than in 2005, and that the price per metric ton of urea was reduced by about 100 yuan.
There are three reasons for this. First, the production capacity of chemical companies has been further expanded, such as urea, nitrogenous fertilizer, and phosphorous ammonia. Second, large-scale nitrogenous fertilizer companies such as Lutianhua, Yuntianhua, Chuanhua, and Suihua strengthened their management, conducted energy-saving technological transformation, and reduced costs. Third, the government supports and gives some tax exemptions. At the same time, the state restricts exports. If agricultural enterprises want to export, the state must collect a 30% tax. In 2006, the urea export volume was 20% lower than the previous year.
The petrochemical association predicts that fertilizer prices will remain stable in 2007 and will not rise significantly.
Synthetic resin and other raw materials developed rapidly
Yang Weicai said that in 2006, China's synthetic resin produced 25.287 million tons, an increase of 17.6% over the same period of last year. China's past 50% of the resin market demand is met by imports, and the current import ratio is declining. The expansion of the three major companies has reduced the foreign dependence on synthetic resins from 50% to 40%.
At the same time, China has now become the largest producer of tires in the world. In 2006, China produced a total of 430 million tires, an increase of 15% over 2005. It is estimated that exports will reach 260 million, and exports will exceed 50%. The rapid development of the rubber industry has also supported the rapid development of China's auto industry. In 2006, China produced 7.7 million vehicles, and the demand for new tires was close to 40 million.
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