The 2017 China Petrochemical Industry Economic Operation Situation Press Conference hosted by the China Petroleum and Chemical Industry Association was held in Beijing. The conference reviewed and summarized the basic situation, main features and existing problems of the economic operation of the petrochemical industry in 2016, and put forward five key tasks for the petrochemical industry to achieve improvement in 2017.
At the meeting, Zhu Fang, director of the Information and Marketing Department of the China Petroleum and Chemical Industry Federation, issued a report entitled "2016 China's Petroleum and Chemical Industry Economic Operation Report". The report pointed out that in 2016, the petrochemical industry's economic operation was steady and progressing. For the better, we have achieved a good start to the "13th Five-Year Plan". According to statistics, in 2016, there were 29,624 enterprises above designated size in the petroleum and chemical industry, and the industry-wide added value increased by 7.0% year-on-year; the main business income was 13.29 trillion yuan, an increase of 1.7%; the total profit was 644.44 billion yuan, basically the same as in 2015 ; The profit margin of main operating income was 4.85%, a year-on-year decrease of 0.08 points; the cost of main operating income per 100 yuan was RMB 84.30, an increase of 0.25 yuan. In December 2016, China's chemical industry prosperity index was 92.38, an increase of 1.52 points from November; the oil and gas industry prosperity index was 94.08, an increase of 7.59 points from November. Both hit new highs in the past two years.
Zhu Fang pointed out that the economic situation of the petrochemical industry in 2016 showed six characteristics: economic growth differentiation, structural adjustments accelerated, industrial quality and efficiency improvement, prices bottomed out, export trade structure improved, energy efficiency continued to improve, and six characteristics, and structural overcapacity Contradictions and risks still exist, business operating costs are rising and the investment environment is in urgent need of improvement, oil and gas extraction industry benefits are deteriorating, industry investment is generally weak, international chemical market pressure is increasing, and industry safety and environmental protection issues are still prominent and other problems still exist and plague the development of the industry.
Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Federation, said at the meeting that in 2017, the petrochemical industry's industrial added value is expected to increase by about 7.5% year-on-year, and the main operating income will increase by about 6%-8% year-on-year, about 14 trillion yuan; profit will increase by 7%. ~9%, about 690 billion; import and export reverse the negative growth trend. Among them, the added value of the chemical industry increased by about 8.5% year-on-year, the main business income increased by about 8%, about 9.95 trillion; profit increased by about 10%, about 560 billion. He believes that in 2017, the international crude oil market may have an inflection point and oil prices will continue to rise. It is expected that the annual Brent oil price will run between US$50 and US$65/barrel, and the average price will be around US$55/barrel.
Fu Xiangsheng believes that 2017 is a year for the petrochemical industry to “stabilize amidst difficulties and seek progress while stabilizing”. If the petrochemical industry wants to take the lead in embarking on a new channel of bottoming out, it must focus on the following five aspects. : Make efforts for green development, and solidly advance the five action plans; make efforts to reduce production capacity, accelerate structural adjustment and transformation and upgrade; make efforts to drive innovation, and give full play to the strong support of innovation; make efforts to “One Belt One Road” to enhance the industry's going global and open to the outside world Level; Make efforts to build basic capabilities to improve the industry’s early warning capabilities and the quality of economic operations.