Of the petrochemical industry, 2010 would be a very difficult year, the problems and uncertainties are still many, but also a year full of hope.
China Petroleum and Chemical Industry Association Deputy Secretary-General Feng Shiliang, said recently that this year and for quite some time, and petrochemical industries will change the development mode, adjust the industrial structure and optimize the layout, promoting technological progress and enhance the international competitiveness of the industry as the central task.
For the 2010 operations of the petrochemical industry expectations, Feng Shiliang, said the bank's value added will increase about 12%, with a total increase of 13% to 15%, main business revenue grew 14% profit growth of 8% ~ 10%, import and export trade volume increased by about 15%, more than 15% increase in investment, the main product output increased by 1% ~ 10%.
Into the main engine of growth of domestic demand
In Feng Shiliang view, in 2010 the world economy may be in a slow recovery process, and in general have not yet bottomed out, therefore, the global petrochemical market in general will continue to oversupply, coupled with international trade protectionism will continue to strengthen, so the export of petrochemical products in China is still much resistance.
In his view, in 2010, the domestic macroeconomic policy will continue to maintain continuity and stability, combined with an active fiscal policy and looser monetary policy, will continue to maintain a rapid macroeconomic growth. Thus, the domestic market for energy and chemical products demand to maintain a certain growth, but growth may slow down. By 2010, domestic demand will be to promote the growth of petrochemical industry, the main driving force.
Highlight the problem of excess production capacity
While the petrochemical industry in 2009 marked the gradual economic recovery trend, but the Planning Institute of petroleum and chemical industry experts said, the current industry recovery are not yet solid, uneven development and other issues in 2010 will remain very prominent.
First, the problem of excess production capacity. At present the vast majority of products are industry-wide excess, a number of serious excess capacity investments in the sectors continues to accelerate. According to statistics, the first 11 months, phosphate fertilizer, pesticides, paint pigments, rubber products, and inorganic salts such industries as investment year on year growth of 76.2%, respectively, 37.9%, 33.8%, 32% and 29.2%, which were much higher than the industry average growth rate of investment in . Methanol and other coal chemical project is blossom everywhere.
Second, the chemical market has not improved much, most business is still difficult. In 2009, apparent consumption of some of the major products is ever recovered, but the momentum remained inadequate effective demand, the market remained in the doldrums, business inventories increase. As of 11 at the end, fertilizer and some petrochemical products, "two bases", refined oil production enterprises and sales of business inventories are high. At the same time, most chemical products prices have been hovering in the low, most businesses are still struggling to profit and loss online.
Third, the impact of growing pressure of imports and exports were severely disrupted. According to customs statistics, in 2009 1 November, China's imports of organic products increased by 53.1%. And by the lack of external demand and trade protectionism, and petrochemical exports were severely disrupted.
One of imports and exports were greatly exacerbated by a reduction in domestic market. For the present, the key problem of excess production capacity, petrochemicals, executive vice president of Pande Run Association, pointed out that the petrochemical industry to curb overcapacity and promote industrial upgrading. The association will actively cooperate with government departments, in order to solve the problem of excess capacity. (On behalf of the Ling)