Shaanxi's petrochemical industry will significantly increase its production and consumption in the second half of the year

China Drying Network News From January to June, the petrochemical industry in Shaanxi Province achieved a total industrial output value of 211.201 billion yuan, a year-on-year increase of 22.7%. Among them, the petroleum industry completed 179.8 billion yuan, a year-on-year increase of 20.34%; the chemical industry completed 31.2 billion yuan, an increase of 38.66%. From January to May, the industry realized a profit of 34.884 billion yuan, a year-on-year increase of 14.47%, accounting for 49.15% of the province's total industrial profits.

In the first half of the year, Shaanxi's industrial added value maintained a 17% growth rate on the basis of its rapid growth last year, which was 6.5 percentage points higher than the national average, and the growth rate ranked first in the country. The output value of the petrochemical industry accounts for 26.8% of Shaanxi's total industrial output value. The development of the petrochemical industry has driven the industrial growth of Shaanxi Province by 6.04 percentage points, which has played an important role in the sustained and rapid growth of the industry in the province. This is the information that the reporter obtained from the Shaanxi Petrochemical Association on July 29th.

“Under the backdrop of the slow economic recovery in Europe and the United States and the slowdown in China’s economic growth, the petrochemical industry in Shaanxi Province can achieve such high-speed growth, mainly due to two major factors,” said Zheng Jianju, president of the Shaanxi Petrochemical Association.

First, the steady growth of the oil and gas industry has laid a solid foundation for industry growth. In the first half of the year, domestic natural gas and crude oil prices have been operating at relatively high levels for a relatively long period of time. The benefits of related companies have improved significantly, production enthusiasm has increased, and oil and gas production and crude oil processing volume have steadily increased. From January to June, Shaanxi Province produced a total of 15.386 billion cubic meters of natural gas, a year-on-year increase of 11.2%; crude oil production was 17.1682 million tons, an increase of 7.7% year-on-year; crude oil processing volume was 10.65 million tons, an increase of 10.1% year-on-year. The five refineries in the province achieved sales revenue of 77 billion yuan, a year-on-year increase of 27% and a profit of more than 6 billion yuan. The steady increase in oil and gas production has also driven the rapid growth of the petroleum machinery industry.

The second is the strong growth in the manufacturing of chemical raw materials and chemicals. The new Xinghua Project, Xianyang Chemical's 600,000 tons/year methanol, and the Shanxi Jiao Company's 200,000 tons/year of coke oven gas to methanol, and other new production capacity were released. At the same time, coal prices fell, which reduced the cost of coal chemical companies and improved the operating rate of old installations. In the first half of the year, the production value of chemical raw materials and chemical products in Shaanxi Province achieved a rapid growth of 31.7%. Among the 20 kinds of chemical products that were dispatched with emphasis, except for a few varieties such as sulfuric acid, the output decreased, and more than 70% of the products achieved rapid growth.

“In the second half of the year, the downward pressure on the industry will remain high, and the difficulties and challenges will be more. However, challenges and opportunities will coexist, and stable and rapid growth of the industry will still be possible,” said Zheng Jianju. The unfavorable factors are: The province's petrochemical industry's growth is declining month by month. The output value has decreased from 23.3% in the first quarter to 22.2% in the second quarter. There are further requirements for further exploration; the growth of oil demand in the global market in the second half of the year is unlikely to increase significantly. At present, the gasoline and diesel markets have shown signs of slow sales, and will have a greater adverse impact on the petrochemical industry, which has a relatively large oil and gas share; the prices of fertilizers that have continued to rise in the first half of the year have already fallen back to reasonable prices. Formaldehyde, polyvinyl chloride, soda ash The consumption of such chemicals may be reduced due to the downturn in the real estate market, and the losses of methanol, PVC, and coke enterprises are difficult to change.

However, there are also favorable factors: First, there is still room for a drop in coal prices, which will further reduce the cost of chemical companies and increase the operating rate of equipment and chemical production. In particular, Shaanxi, as the province's key pilot province for methanol gasoline, will increase methanol demand and improve the operating performance of methanol companies.

The second is the concentrated release of new production capacity and the continuous expansion of the industry scale. In the second half of the year, Shanhua will produce 600,000 tons of synthetic ammonia and 520,000 tons of urea annually, Yulin District will produce 600,000 tons of calcium carbide each year, and Shenmu Oil Company will produce 1.2 million tons of pulverized coal solid heat carrier to produce 120,000 tons of coal tar plus hydrogenation. , Beiyuan Chemical annual production of 500,000 tons of PVC, 480,000 tons of caustic soda, and Huadian Yulin Natural Gas Chemical Company annual production of 600,000 tons of methanol and a batch of chemical equipment will be completed and put into production, will greatly increase the province's chemical product capacity and production .

Third, the accelerated construction of new construction projects will have a significant effect on the growth of the industry. In the face of the unfavorable economic downturn, the government will, while eliminating obsolete production capacity, increase the policy intensification of large-scale energy and chemical projects with high technological content, good environmental protection and economic benefits, and obvious influence on economic growth, and accelerate project approval and The pace of construction, to curb the growth of the industry continues to decline.

Fourth, large companies and big groups have played a role as the mainstay. State-owned and state-controlled enterprises have a relatively high proportion in the petrochemical industry in Shaanxi. These companies have strong internal control capabilities, high industrial concentration, large-scale equipment, relatively advanced technologies, and adequate liquidity. Most of them have supporting resources and form a complete upstream and downstream pipeline. The industry chain has strong profitability and anti-risk capabilities.

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