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News:
1, overall operation
In 2014, in the face of the complex and changing macroeconomic situation, the chemical industry steadily advanced transformation and upgrading, actively resolving overcapacity, steady growth in production, good export momentum, overall stability of market supply and demand, energy conservation and emission reduction made positive progress, but the industry benefits fell sharply, investment momentum is insufficient.
(i) overall growth in production. Throughout the year, the value added of the chemical industry increased by 10.4% year-on-year, accounting for 6.8% of the country's industry. Production in most industries increased to varying degrees, with sulphuric acid production of 88.463 million tons, up 6.8% YoY; The production of soda was 31.801 million tons, an increase of 7.9%; The production of soda was 2.5147 million tons, an increase of 3.5%; Electric stone production was 25.479 million tons, an increase of 12.9%; Ethylene production was 17.044 million tons, an increase of 7.6%; Benzene production was 7.355 million tons, an increase of 2.6%; Methanol production was 37.407 million tons, an increase of 26.2%; Production of synthetic materials increased by 7.9% to 115 million tons; Tire production was 1.11 billion, an increase of 6.3%;
production
16.482 million tons, an increase of 7.9%; Pesticide production was 3.744 million tons, an increase of 1.4%; The output of phosphorus fertilizer was 16.699 million tons, an increase of 2.6%; Potash production was 6.105 million tons, an increase of 13.5%; Nitrogen fertilizer production was 4.6517 million tons, down 3.4%.
(ii) has fallen sharply. For the full year, the chemical industry's main business revenue was 8.8 trillion yuan, up 8.2% YoY, and profit was 431.26 billion yuan, up 0.33%, down 4.7 and 11.9 percentage points respectively from last year, with a profit margin of 4.9%, 1 percentage point lower than the national industry. Presents several characteristics: First, the profit growth rate of organic chemical raw materials, pesticides and rubber products with better pre-efficiency gradually declined, and organic chemical industry began to grow negatively since August, with the annual growth rate falling by 29.8, 32 and 21.7 percentage points respectively compared with the same period last year. Second, the profit growth rate of inorganic salt, nitrogen fertilizer, phosphorus fertilizer and synthetic materials has been negative for 10, 20, 36 and 12 months respectively, with a year-on-year decline of 8.8%, 195.6%, 17.9% and 22.2% year-on-year, respectively. Nitrogen fertilizer and synthetic fibers lost 5.66 billion yuan and 3.74 billion yuan, respectively. Third, the profit of coatings, dyes and specialty chemicals maintained a relatively high growth rate, increasing by 13%, 32.5% and 13.4% respectively from January to December, but the growth momentum slowed down by 15.9, 39 and 8.6 percentage points respectively from the first quarter.
(iii) exports maintained a good momentum. For the whole year, imports from the chemical industry were US$186.48 billion, up 0.6% YoY; Exports were $162.1 billion, up 11.1 percent. Among them, organic chemical raw materials and synthetic materials imported US$55.3 billion and US$72.36 billion, respectively, accounting for 68.5% of chemical imports; Exports of rubber products increased by 9.2 per cent to US$52.3 billion, accounting for 32.2 per cent of chemical exports. Physical exports of fertilizer amounted to 29.594 million tons, an increase of 52.4%; Pesticide exports increased by 6% to 1.161 million tons.
(iv) investment growth slowed down. For the whole year, the chemical industry completed fixed asset investment of 1.56 trillion yuan, up 10.5% YoY, and the growth rate gradually declined by 17.4 and 4.1 percentage points, respectively, compared with 2012 and 2013, and 10,714 new construction projects, an increase of only 2.5%. Presented several characteristics: First, the market forced overcapacity industry to reduce investment, January-December inororated acid, inororated alkali, inororated salt, phosphorus fertilizer and tire industry fixed asset investment decreased by 6.2%, 4.9%, 11.2%, 8.2% and 1.4%, respectively. Global
Coatings Network
learned that the second is driven by the early benefits of better factors, organic chemical raw materials, pesticides, forest chemicals, pollution control chemicals and other investment maintained a high growth rate, respectively, year-on-year growth of 18.4%, 28.7%, 21.7% and 19.3%.
new progress has been made in energy conservation and consumption reduction. In the first three quarters of 2014, the chemical industry consumed 421 kg of standard coal, down 3.6% YoY. Among them, the combined energy consumption of ethylene, alkali, electric stone and yellow phosphorus was 816.6 kg standard coal/ton, 373 kg standard coal/ton, 991.6 kg standard coal/ton and 3047.9 kg standard coal/ton, respectively, down 2.2%, 3.2%, 4.4% and 5.5%; The combined energy consumption of synthetic ammonia was 1348.7 kg of standard coal/tonne, which was flat year-on-year.
(1) the contradiction of overcapacity is still outstanding. Due to the serious degree of excess in the previous period, while the growth rate of demand for traditional bulk chemical products decreased significantly, the structural overcapacity of traditional chemical industry is still serious, the competition for low-level homogenization is fierce, and the operating rate of the plant is low, including: inorganic chemical raw materials, agrochemicals, rubber products, most organic raw materials and synthetic materials, as well as some new general-purpose chemical materials. In addition, dyes were one of the few sectors with better earnings levels in 2014 (up 32.6%), stimulating fixed asset investment in the sector, with total planned growth of 52% year-on-year and 37.2% growth in new construction projects, with potential future capacity growth noteworthy.
(ii) innovation ability is not strong. Scientific and technological resources are mainly concentrated in tertiary institutions and scientific research institutions and large state-owned enterprises, most small and medium-sized enterprises have weak scientific and technological innovation capabilities. In recent years, the proportion of enterprises' investment in scientific research has increased, but there is still a big gap with the international advanced enterprises, especially the weak ability of enterprise technology integration, the conversion rate of scientific and technological achievements is only about 30%. At present, personalized, differentiated, green low-carbon high-end product demand is increasing, and domestic related industries (such as information, environmental chemicals) although there are bright spots, but has not yet formed a new growth point, more imported foreign products. In addition, the recent decline in fixed asset investment growth in high value-added sub-sectors will affect the industry's ability to innovate in the future.
(iii) the resource environment security pressure is greater. Throughout the year, the external dependence of natural rubber, sulfur and potash imports exceeded 80%, 48% and 42%, respectively. The chemical industry's "three waste" emissions are large, major safety and environmental protection accidents occur from time to time. The total output value of enterprises entering the chemical park is less than 50% of the whole industry, while the chemical park has too many problems, excessive distribution and low level of planning and construction. The management system of hazardous chemicals is not perfect, and the basic work of improving the level of safety and environmental protection needs to be further strengthened.
(iv) operating costs increased. The logistics, energy and financial costs of the chemical industry increased. For the whole year, the chemical industry's main business revenue cost per 100 yuan was 87.48 yuan, up 0.58 yuan yoY, 1.84 yuan higher than the national industry. Due to expectations of price cuts due to the sharp drop in crude oil prices and weak downstream market demand, middlemen and downstream users are less willing to buy, resulting in a 12.76 percent year-on-year increase in chemical finished goods inventories, an increase of 4.74 percentage points over the same period last year. Global Coatings Network understands that financial expenses in the chemical industry increased by 20.9% Year-on-Year, up 12.83 percentage points from the same period last year, due to reduced liquidity. Electricity and natural gas prices have risen, safety and environmental protection, labor costs continue to rise.
(v) the down-line pressure is increasing. In 2014, due to insufficient downstream market demand, overcapacity problems, high cost operation and other factors, the economic operation of the chemical industry continued to increase the downstream pressure. In terms of main business revenue, growth was 10.7% in the first quarter, 10.1% in the second quarter, 9.1% in the third quarter and 3.9% in the fourth quarter. In terms of profit, growth was 9.8% in the first quarter, 8.2% in the second quarter, 0.9% in the third quarter and 8.5% in the fourth quarter.
2015, the world economy will continue to recover moderately, the international energy structure will continue to adjust, the United States shale gas and low-cost oil and gas in the Middle East will have a strong impact on China's chemical products, international trade frictions, intellectual property disputes and other issues will affect China's chemical industry "going out." China's economic and social development into the new normal, downstream market demand growth slowed down, the new environmental protection law put forward more stringent requirements, industrial development is facing a variety of challenges. At the same time, a series of policies of comprehensive and deepening reform by the central government will further stimulate the vitality of the market, industrialization, informatization, urbanization and agricultural modernization will be further advanced, and the full implementation of strategies such as the Belt and Road, beijing-Tianjin-Hebei coordinated development and the Yangtze River Economic Belt will bring new opportunities for the development of the industry. In 2015, the chemical industry's main business revenue is expected to be about 9.5 trillion yuan, up 8% YoY, and profits of 470 billion yuan, up 7%.
(i) strengthen the leadership of planning strategy. To study the major strategic issues of the petrochemical and chemical industry under the new normal, prepare the "13th Five-Year Plan" for the development of the petrochemical and chemical industry, optimize the layout of key industries such as ethylene, Xylene (PX), diphenyl methane diocyanate (MDI), prepare the development plan of the modern coal chemical industry, and guide the orderly and stable development of the modern coal chemical industry. In the chemical industry to implement the "Belt and Road", Beijing-Tianjin-Hebei coordinated development, the Yangtze River Economic Belt and other strategies to cultivate new competitive advantages and growth points.
(ii) to standardize the development of the chemical industry. Research and formulate industry norms for diphenyl methane diocyanate (MDI), chromium compounds and coal olefins, implement announcement management for tires, nitrogen fertilizer, phosphorus fertilizer, hydrogen fluoride, chlor-alkali and other industries, and establish and improve a long-term mechanism to prevent and resolve overcapacity in traditional chemical industries. We will formulate standard conditions for chemical parks, standardize the development of chemical parks, study and formulate policies for the adjustment of the layout of high-risk hazardous chemicals enterprises in densely populated urban areas, and optimize the layout of enterprises with hazardous chemicals.
(iii) to promote the transformation and development of traditional chemical industry. We will promote the structural adjustment and diversified development of nitrogen fertilizer raw materials, improve the comprehensive utilization level of phosphorus and potassium resources, and develop environmentally friendly pesticide varieties and preparations. Research and develop tire labeling system to promote the development of green energy-saving tires. Guide the transformation of traditional basic chemical raw materials and bulk synthetic materials to high purity reagents and materials, high brand and special material products, and enhance the competitive advantage of differentiation. Strengthen chemical management and improve the level of safety and environmental protection.
(iv) vigorously implement innovation-driven. We will speed up the establishment of a market-oriented, enterprise-oriented technology innovation system for "production, research and development", strengthen the construction of standards, and break through a number of core, commonality and key technologies. We will accelerate the cultivation of new chemical materials, biochemicals and other strategic emerging industries, and provide new materials for new markets such as new requirements for energy conservation and environmental protection and aging of the population.
(v) to promote the deep integration of the two. We will promote the pilot demonstration of intelligent manufacturing and intelligent factories in the chemical industry, promote the development of agricultural-funded e-commerce, research and promote the development of smart chemical parks, improve the level of informationization and public service capabilities of the parks, vigorously develop electronic chemicals, 3D printing materials, and promote the deep integration of the industry.
(vi) to promote close cooperation with downstream industries. Play a decisive role in the allocation of resources in the market, application-oriented, to promote upstream and downstream integration and development. Expand the application of
water-based coatings
, PVC, polyurethane insulation materials, etc. in green buildings, provide material support for the development of new urbanization, vigorously develop electronic chemicals, provide basic materials for the development of the next generation of electronic information industry, especially integrated circuit industry, and expand the application of engineering plastics, high-performance fibers and composites in high-end equipment.