Petrochemical industry presents five major characteristics in 2006

According to the latest analysis report from the Ministry of Information of the China Petroleum and Chemical Industry Association, China's petroleum and chemical industries achieved remarkable results in 2006, and the economic benefits of the industry continued to grow rapidly, achieving a good situation of maintaining double-digit growth for eight consecutive years.
Specifically, the development of China's petroleum and chemical industry in 2006 showed the following characteristics:
First, the stable and rapid growth of the output of major products satisfies the needs of domestic economic development. With the successive production of new capacity in recent years, the output of most petroleum and chemical products continued to grow rapidly in 2006. According to statistics, there are 61 kinds of 65 kinds of bulk products that have been tracked and the output has increased by more than the previous year, accounting for 93.8%, of which 44 kinds have increased by more than 10%, accounting for 67.7%.
The growth of agricultural chemicals production has accelerated. The total output of chemical fertilizers (refine, the same below) was 53.348 million tons, an increase of 14.2% over the same period of last year, an increase of 3.5 percentage points over the previous year. The output of nitrogen fertilizer was 38.69 million tons, a year-on-year increase of 13.3% (cumulative production of urea reached 22.326 million tons, a year-on-year increase of 13.3%); phosphate fertilizer production was 12.264 million tons, a year-on-year increase of 16.5%; potassium fertilizer production was 2.989 million tons, a year-on-year increase of 18.5%; pesticide production 1.296 million tons, a year-on-year increase of 20.2%.
The production of basic chemical raw materials grew rapidly. Output of caustic soda exceeded 15 million tons to 15.118 million tons, an increase of 19% (including 4.066 million tons of ion-exchange membrane caustic soda, an increase of 30.9% over the same period of last year); output of soda ash was 15.972 million tons, an increase of 10.8%; output of calcium carbide reached 11.717 million tons, a year-on-year increase 27.7%. The output of organic chemical raw materials also increased rapidly. The increase in output of ethylene, pure benzene, and methanol was more than 10%, and ethylene production jumped to 9.412 million tons, an increase of 22.2%.
The output of synthetic materials continues to grow rapidly. The output of synthetic resin was 25.287 million tons, a year-on-year increase of 17.6%. Of which, 8.238 million tons of polyvinyl chloride, an increase of 23.3%. The output of synthetic rubber was 1.845 million tons, an increase of 11.1% over the same period of last year.
The second is the good connection between production and sales, and the product sales rate has maintained a high level. The production and sales rate of the main chemical sub-sector basically remained at the level of 97% to 98%. The production and sales ratios of fertilizers and pesticides in the two major supporting agriculture industries rose by 1.18 and 0.54 percentage points from the same period of the previous year respectively. The sales of specialty chemicals and rubber products also increased steadily. Basic chemical raw materials manufacturing and coatings The production and sales rate of ink and similar products in the manufacturing industry decreased slightly from last year.
Third, prices fluctuate frequently, and prices of most products have risen from the previous year. The annual average price rose slightly more than that of the previous year. The average annual price of propylene was 10,469 yuan (ton price, the same below), up 13.6% year-on-year; toluene was 8,078 yuan, up 17.6% year-on-year; refined terephthalic acid was 9,354 yuan, up 11% year-on-year; polyvinyl chloride (LS-100) 7,488 yuan, up 3.1% year-on-year; low-pressure polyethylene (5000S) 12,978 yuan, up 15% year-on-year; polypropylene 12,542 yuan, up 11.1% year-on-year. The prices of inorganic chemical products, fertilizers, rubbers and additives were not good, such as sulfuric acid and hydrochloric acid prices decreased by 23.6% and 15.7% respectively over the previous year, urea slightly decreased by 2.4%, ammonium chloride and ammonium sulfate dropped sharply by 22.7 % and 19.8% etc.
Fourth, the import and export trade was active and the trade deficit further expanded. From January to November 2006, the total volume of import and export trade of the entire industry reached 224.39 billion U.S. dollars, a year-on-year increase of 21.5 percent, an increase of 5.7 percentage points from the same period of last year; the growth rate of imports (23.3 percent) was much faster than the export growth rate (16.9 percent). Under the condition of %), the trade deficit continued to expand, with a cumulative deficit of US$104.96 billion, an increase of up to 27.2% year-on-year and an increase of 13.8% from the same period of last year.
Fifth, the industrial structure adjustment has been steadily progressing, and the product structure has become more perfect and reasonable. In 2006, the ratio of diesel to diesel was 2.08, an increase of 0.04 over the previous year. The proportion of pesticides in pesticides decreased from 43.4% in the previous year to 40.4%, and the proportion of herbicides increased from 28.2% in the previous year to 30.1%; the proportion of nitrogen fertilizer in chemical fertilizers decreased. The increase in the proportion of P and K fertilizers all represented the direction of agricultural demand; the proportion of products with low energy consumption or high-quality products such as ion-exchange membrane caustic soda and radial tires further increased, reaching 30.6% and 41.2%, respectively, 2.8 more than the previous year respectively. And 3.8 percentage points; the head of synthetic ammonia fuel is gradually completed, and the raw material route is becoming more rational; some high-tech products such as biological pesticides and microbial pesticides have achieved rapid development.

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