Petrochemical Company In China From Weak To Strong Transition Year
2009, China Oil Chemical industry experienced a year full of variables
, withstood the test of the financial crisis and entered a steady rise of the channel. Post-crisis era in the industry Economy How to run will follow the path? After bottoming out in early 2010 will be singing along again, or test a low? Has just concluded in Shanghai, China's petrochemical industry this Summit came the same voice: the Chinese market, the worst is over, the petrochemical industry in 2010 will be the recovery of the revitalization, the transition from weak to strong year in 2012 is expected to resume to pre-crisis levels.
Trend: warming is not a flash in the pan
China Petroleum and Chemical Industry Association senior analyst Feng Shiliang introduced in 2009, oil and chemical industry in the new century's most difficult year, the industry is running low after the former showed a high "V" word trend, total industry investment an increase of 12.9% year on year GDP growth of 0.3%. At the same time, import and export trade volume fell 23.2%, petroleum products price index fell 13.1% Sell Revenue fell 3.3%, industry profits decline 5.2%; major chemical products such as sulfur, sulfuric acid, Methanol , Caustic soda, PVC, urea and other market prices in 2009 fell to its lowest point in recent years. By 2010, the industry output value is expected to grow by 13% to 15%, turnover up 14% of the profit growth of 8% to 10%, import and export trade volume increased by 15%, more than 15% increase in investment, mainly Product output will grow by about 10%. Given two years from his main economic indicator data is not difficult to see that the economic situation in 2010 the industry in 2009, China's petroleum and chemical industry will usher in a smooth recovery situation.
But Sinopec Economic and Technological Institute, chief expert Shu Zhaoxia, that in 2010 domestic demand for petrochemical products will remain stable despite growth, but growth will be significantly lower than in 2009. According to her estimates ethylene demand in 2010 rose 3.4%; Synthetic resin Will increase by 6%; synthetic rubber will increase 8%. At the same time, most new capacity will be 2009, 2010, full release, so the market will increase supply, the domestic petrochemical market, the price will be higher than last year, but the increase in gross profit was not much room.
Action: In strong with solid support
According to IMF projections, in 2010 the world economy will grow by 3.9%. Among them, the economy will grow 3.9% in developed countries, emerging markets and developing countries will grow by 6%, China's economic growth will reach of 10%. CBI (Shanghai) Co., Ltd. Vice President R. Mark
Mechem said medium to long term, domestic demand will become the dominant force driving development of the industry, China's petrochemical industry chain is facing a rare opportunity: monetary policy is likely to shrink, but will not cause too much impact on the real economy; downstream industries will maintain the good momentum of development, the export situation has improved; real estate and Home Appliances Industry will continue to boost short-term and long-term needs.
Feng Shiliang also said that at present China Petroleum and Chemical Industry has entered a restructuring and industrial upgrading as the main feature of the rapid development period, the most solid support from the downstream industry, the petrochemical industry is expected to continue driving growth in demand. China 2010 Car Output will increase by about 10% to 15 million, light industry output value is expected to grow 13.5% over the previous year based on maintaining momentum, Textile Total output value of industry market is expected to increase 9.7% over the previous year continued the trend, building materials industry will grow 20%, the apparent consumption of refined oil will grow by 5% to 6%.
CCIN reporter has learned that in the first two months of petrochemical market continued for the better, the major economic indicators to rise again. Among them, the oil price stability, adequate inventory; basic chemical raw materials market continues to be picking up; composite materials market continued to rebound situation; high international oil prices continue to run.
Alert: risks still can not be ignored
Just break away from the market, however, difficult for the chemical industries, in breathing should also be aware that this industry is facing a substantial improvement in the external environment is unlikely.
Petrochemical Company In China From Weak To Strong Transition Year
By: betty
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