Summary of economic operation of petroleum and che

Summary of the economic operation of the petroleum and chemical industry in the first quarter

summary of the economic operation of the petroleum and chemical industry in the first quarter

April 28, 2015

[China paint information] in the first quarter, facing the complex and severe economic situation, the petroleum and chemical industry actively responded, and the economic operation achieved low opening and stabilization. Overall, there are both highlights and pain. The positive factors in the economic operation continue to strengthen, and the operation of the industry has taken a turn for the better, which has further strengthened the confidence of recovery in the later stage

under the rare low opening situation of the economic operation of the whole industry in the first two months, the positive factors of economic operation in March continued to strengthen

the growth rate of industrial added value rebounded. In the first quarter, the added value of the petroleum and chemical industry increased by 7.8% year-on-year, down 0.8 percentage points from the same period last year, but increased by 0.9 percentage points from the previous February, 1.4 percentage points higher than the growth rate of the national scale industrial added value. In March, the added value of the industry had a strong rebound momentum

production maintained normal growth. In the first quarter, China's crude oil production increased by 1.4% year-on-year, natural gas production increased by 4.5%, and the production of major chemicals increased by about 6.4%. Among them, some bulk products still maintain a rapid growth rate. For example, the output of chemical fertilizer increased by 5.8%, the output of methanol increased by 13.5%, and the output of synthetic resin increased by 11.4%

the price bottomed out and rebounded. In the first quarter, the overall price level of the petroleum and chemical industry fell significantly, but bottomed out in February and rebounded in March. Among the 127 basic chemical raw material product prices monitored in March, 76 rose month on month, an increase of 20 over the previous month, accounting for more than half of the total for the first time

the deteriorating trend of benefits has been alleviated. The latest monitoring shows that the benefits of backbone enterprises in the whole industry have improved as a whole. The decline in income narrowed and the downward trend slowed down; The total profit was reversed from the net loss in the previous two months to profit

according to the current industrial economic operation trend, the above positive factors are expected to be further consolidated and strengthened in the future. With the gradual implementation of the national macro policies and measures to stabilize growth, the industrial economy is expected to stabilize and rebound in the second quarter. It is expected that in the second quarter, the petroleum and chemical industry bank will save a set of samples for revision and comparison. Whether the revised samples are the improvement industry revenue increases by about 2% year-on-year, which is significantly better than the negative growth in the first quarter

however, it should also be noted that the downward pressure on the current industrial economic operation is still great

-- economic growth is still low. Although the added value of the industry in the first quarter was significantly faster than that in the previous February, it was still the lowest growth rate since the international financial crisis. Moreover, it is a foregone conclusion that the revenue and profit of the whole industry fell sharply in the first quarter, and it is still very difficult to reverse in the first half of the year

-- the price decline is still large. In the first quarter, the response of the general price control of the industry was slow. Although the decline in the level slowed down, the range was still large, second only to the initial stage of the financial crisis. It is noteworthy that the downward trend in the price of the upstream oil and gas exploitation industry has not been effectively curbed, which has a significant impact on the whole industry

-- investment growth is still weak. In the first quarter, the growth rate of fixed asset investment in the whole industry was only 4.7%, a record low. The lack of investment reflects investors' concerns about the growth prospects to a certain extent, and also reflects the pain of industrial restructuring

-- sharp fluctuations in exports. The customs transformed the change of resistance into the change of voltage or current through Wheatstone bridge. The data showed that the total export volume of the whole industry in the first quarter fell by 2.3% year-on-year, increased by 4.2% in the first two months, and increased by 6.8% in the same period last year. Export fluctuations have increased, indicating that the external demand market is unstable, and the global economic growth is still insufficient

the whole industry must correctly understand the situation, actively take measures to do a good job in the industrial economic work in the second quarter, and ensure the realization of the goal of "steady growth" throughout the year. 4. Experimental force value display: the computer screen displays direct reading

first, actively expand market demand and prevent the decline of economic inertia. The biggest problem in the current industrial economic operation is insufficient demand and excess supply. We must find ways to expand the market and stimulate demand. On the one hand, we should increase the development of traditional market demand for basic chemical raw materials, agricultural chemicals, rubber products, refined oil and other products, and maximize the potential of mature markets. In the spring farming season in the second quarter, we should focus on the supply of pesticides, fertilizers and agricultural gasoline and diesel. On the other hand, we should grasp the changing trend of demand, strengthen the effective supply of machinery, textile, light industry, real estate market and major capital construction projects, especially strengthen the market promotion of differentiated and functional products, green environmental protection and low-carbon products

second, optimize the supply structure and actively cultivate new growth points. We should improve the quality and grade of products, vigorously develop new products, and lead to create new market demand. We should seize the opportunities of a number of innovative and upgrading projects in the development of agricultural modernization, new urbanization, new industrialization and informatization promoted by the national macroeconomic policies, strive to explore new needs for the development of strategic emerging industries such as new energy, new materials, energy conservation and environmental protection, high-end equipment manufacturing, new energy vehicles, and cultivate engineering plastics, fluorosilicone materials, functional membrane materials, polyurethane materials, thermoplastic elastomers, special rubber High end and differentiated markets such as new coatings and electronic chemicals

third, strive to expand the international market and actively explore export demand. China's petrochemical products are mainly bulk raw material products, which mainly rely on low-cost competition as a means, and are subject to foreign anti-dumping and countervailing from time to time. Therefore, we should strengthen the tracking of the development of the international market, do a good job in industrial safety early warning, and speed up the upgrading of export products

fourth, strictly manage costs and funds, and strive to improve the economic benefits of the industry. Enterprises should further establish the concept of systematic cost management, pay close attention to cost reduction and efficiency increase, and enhance the profitability of enterprises. We should strengthen fund management, actively promote the centralized procurement and reasonable inventory of bulk raw materials, actively promote sales coordination, and improve the efficiency of fund use