In the first two months of this year, the production and sales of petroleum and chemicals are good

According to the analysis report of the Information Department of the China Petroleum and Chemical Industry Association, China's petroleum and chemical industries started well in 2007, and production continued to grow. Market demand increased, and the prices of most products rose. In the first two months, 65 (categories) of petroleum and chemical products that were tracked by the focus, there were 54 kinds of production, which accounted for 83.1% of the increase over the same period of last year. Among them, there are 25 kinds of increase of more than 20%, accounting for 38.5%. The output of some organic chemical raw materials, synthetic resins, synthetic fibers and other products increased very rapidly, while the production growth of natural gas and crude oil processing products slowed down, and the production of LNG, kerosene, and acetic acid products declined compared to the same period of last year.
Oil and gas production grew steadily, and the increase in natural gas fell from the previous year. From January to February, the country’s crude oil production was 30.436 million tons, an increase of 2.5% year-on-year; natural gas production was 11.6 billion cubic meters, a year-on-year increase of 12.7%, a year-on-year drop of 22.4 percentage points.
Fertilizer production continued to grow, but the increase slowed down. From January to February, the domestic chemical fertilizer output was 8.331 million tons, a year-on-year increase of 9.1%, and the growth rate was down 2.4 percentage points year-on-year. The output of nitrogen fertilizer was 6,471,000 tons, an increase of 5.4% year-on-year; the production of high-concentration nitrogen fertilizer was 4,046,000 tons, an increase of 2.0% year-on-year; the growth rate of phosphate fertilizer production was slightly higher than that of the same period of last year, and the output was 1.724 million tons, a year-on-year increase of 15.7%.
Due to the impact of expansion, the production of basic chemical raw materials continued to grow at a rapid rate, and the growth of organic chemical raw materials production was particularly significant. From January to February, domestic production of ethylene was 1.736 million tons, a year-on-year increase of 27.1%; methanol production was 1.544 million tons, an increase of 50.4%; pure benzene production also increased by more than 50%, output was 857,000 tons; acetic acid production was 213,000 tons, year-on-year It decreased by 13.4%.
Relative to the rapid growth of organic chemical products, the increase in inorganic chemical products is slightly lower. From January to February, the cumulative production of hydrochloric acid decreased; the production of sulfuric acid was 7.699 million tons, a year-on-year increase of 12.3%; the concentration of concentrated nitric acid was 319,000 tons, a year-on-year increase of 19.9%; the production of ion-exchange membrane caustic soda was 978,000 tons, a year-on-year increase of 24.0%; The output was 2.714 million tons, a year-on-year increase of 8.8%.
As international oil prices are currently oscillating at a relatively low level, the pressure on production costs for synthetic materials companies has eased. At the same time, with the completion of ethylene capacity reforms, the output of synthetic resins has increased significantly. In the first two months of this year, the domestic synthetic resin production reached 5.317 million tons, an increase of 34.6% year-on-year; the production of synthetic rubber continued to grow steadily; the output was 304,000 tons, a year-on-year increase of 9.8%; the output of synthetic fibers increased significantly, with a cumulative production of 3.143 million tons. , a year-on-year increase of 14.5%.
At the same time as production is increasing, prices of most products have also risen. According to the China National Petroleum and Chemical Economic Information Express, more than 60% of the 151 chemical products prices tracked have risen over last year.
The market price of "triacid" dropped, and the price of "two alkalis" rose. In February, the average price of hydrochloric acid in the market was 570 yuan (t price, the same below), which was 9.5% lower than the same period of last year and rose by 3.6% from the previous month; the average price of nitric acid was 2,210 yuan, which was 4.7% lower than the same period of last year and 2.9% lower than the previous month; the average price of liquid caustic soda market It was 590 yuan, up 6.3% year-on-year; the average soda ash market price reached 1,621 yuan, up 3.2% year-on-year and 4.6% month-on-month.
The price of methanol rose, and the price of acetic acid rose first and then fell. In February, the average price of the methanol market was 3,400 yuan, which was a year-on-year increase of 33.3% and a month-on-month decrease of 0.9%. The average price of the acetic acid market was 6,190 yuan, a year-on-year decrease of 4.8%, and an increase of 2.1% from the previous quarter.
The prices of most fertilizer products have risen. In February, all 13 fertilizer products tracked rose, but most of the products rose within 1%. Urea prices rose steadily. The average market price in February was 1,785 yuan, which was a year-on-year increase of 4.4% and a month-on-month increase of 0.3%. Phosphorus fertilizer prices also showed a rising trend. In February, the average price of monoammonium phosphate market was 1956 yuan, up 2.9% year-on-year, and up 0.3% from the previous month; the market price of diammonium phosphate was 2,550 yuan, both up by 0.4% year-on-year and month-on-month.
Polyvinyl chloride prices in synthetic materials rebounded. In February, the average price of PVC (LS-100) market was 7,350 yuan, up 2.1% year-on-year.
This year, the petrochemical market started steadily. Although prices have generally risen, there has been no significant fluctuations. However, due to the price increase at the beginning of the year, it may put pressure on the price increase in the market. The chemical market is expected to perform well in the first quarter of this year. With the gradual recovery of overall market demand, the development of the entire petrochemical industry will continue to maintain a good momentum.

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