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    Home > Chemicals Industry > China Chemical > Foreseeing 2020: "Panoramic Atlas of China's Petrochemical Industry in 2020"

    Foreseeing 2020: "Panoramic Atlas of China's Petrochemical Industry in 2020"

    • Last Update: 2022-05-30
    • Source: Internet
    • Author: User
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    [ Focus on Chemical Machinery Equipment Network ]
     
    Chemical machinery and equipment network hotspots pay attention to chemical machinery and equipment
    Industrial chain: long production line, wide range of products, many products
     
    Industrial chain: long production line, wide range of products, many products
    Petrochemical industry is a processing industry that produces petroleum products and petrochemical products as raw materials of petroleum and natural gas.
    Petroleum products, also known as oil products, mainly include various fuel oils (gasoline, kerosene, diesel, etc.
    ) and lubricants, as well as liquefied petroleum gas, petroleum coke, paraffin, and asphalt.
    Petrochemical products are obtained by further chemical processing from the feedstock oil provided by the refining process.
    The petrochemical industry plays an important role in the development of the national economy and is one of my country's pillar industries.
    The petrochemical industry has a long production line, a wide range of products, and a large number of products.
    It has gone through many production and processing processes from crude oil to chemical raw materials to chemical products.
    From the perspective of the industrial chain, the upstream of the petrochemical industry mainly consists of three links: exploration, development, and production.
    The midstream task is mainly for oil storage and transportation, and the downstream task is oil processing and sales, including oil refining, chemical industry, and sales.
    Link.
    Specific subdivisions can include petroleum extraction industry, petroleum refining industry, basic organic industry, polymer industry and polymer synthetic material molding industry, etc.
    Petroleum and natural gas can be formed into plastics, synthetic resins, synthetic rubbers and other products through mining, cracking, synthesis, and polymerization.
      In the petrochemical production process, after the oil and gas extraction and refining stages, in order to promote the refining and decomposition process, chemical catalysts are added to improve processing efficiency, and liquefied petroleum gas (LPG), refined oil, chemical light oil, heavy oil, and paraffin are produced , Petroleum pitch, petroleum coke, etc.
      Policy situation: National policies guide the healthy development of the petrochemical industry
     
    Policy situation: National policies guide the healthy development of the petrochemical industry
      The petrochemical industry is an important pillar industry of the national economy, with wide product coverage, intensive capital and technology, and high industrial relevance.
    It plays an important role in stabilizing economic growth, improving people's livelihood, and ensuring national defense security.
    However, there are still problems such as structural surplus of production capacity, weak independent innovation ability, irrational industrial layout, and increasing pressure on safety and environmental protection.
    As a highly polluting industry, the petrochemical industry faces the contradictions of structural reforms.
    National policy guidance is of great significance to promote the sustainable and healthy development of the petrochemical industry.

     

      In April 2016, the "Thirteenth Five-Year Development Guidelines for the Petroleum and Chemical Industry" pointed out that by 2020, the industry’s main business income will increase by about 7% annually, reaching 18.
    4 trillion yuan; new chemical materials and other strategic emerging industries will account for The ratio has been significantly improved, the new economic growth points have achieved remarkable results, the product refinement rate has been greatly improved, and the quality and efficiency of industry development have been significantly enhanced.
      Market size: output rises, revenue and profit fall
     
    Market size: output rises, revenue and profit fall
      ——The output of petrochemical products continues to rise
     
    ——The output of petrochemical products continues to rise
      Under the continuous guidance of national policies, the development of my country's petrochemical industry has made considerable progress, and the output of major products has continued to rise.
    From 2015 to 2019, the country's total oil and gas output and the total output of major chemicals continued to rise as a whole.
    In 2019, the total national oil and gas production reached 347 million tons (oil equivalent), an increase of 4.
    7% year-on-year; the total output of major chemicals increased by approximately 4.
    6% to 625 million tons.
    In the first half of 2020, the country's total oil and gas output reached 182 million tons (oil equivalent), an increase of 5.
    5%; the total output of major chemicals fell by about 0.
    6%.
      Specifically, my country’s main petroleum and chemical products include crude oil, refined oil, etc.
    In the first half of 2020, the nation’s crude oil processing volume was 315.
    09 million tons, a year-on-year increase of 0.
    6%.
    A decrease of 10.
    7%.

     

      The growth of crude oil and natural gas consumption has accelerated.
    In the first half of 2020, the apparent domestic crude oil consumption was 366.
    55 million tons, an increase of 7.
    6% year-on-year; the apparent domestic consumption of refined oil was 132.
    58 million tons, a year-on-year decrease of 12.
    2%.
      In the first half of 2020, affected by the spread of the new crown epidemic, oil demand dropped sharply, and the oil and major chemical markets fluctuated sharply.
    The overall price fell sharply, but there was a clear rebound in June.
    The price of crude oil once fell from US$62/barrel to US$15/barrel, a huge drop.
    As the epidemic is gradually brought under control, oil price fluctuations have weakened and stabilized.
    In the second half of the year, the development of the anti-epidemic will become a decisive factor affecting oil prices.
      ——Total revenue and profits continue to decline
     
    ——Total revenue and profits continue to decline
      Regarding the operating efficiency of the petrochemical industry, as my country's macroeconomic downward pressure continues to increase, the growth of operating income of enterprises above designated size in my country's petrochemical industry has slowed down.
    In 2019, the operating income of enterprises above designated size in China's petrochemical industry was 12.
    27 trillion yuan, an increase of 1.
    3%; affected by the epidemic, in the first half of 2020, the operating income of the petroleum and chemical industry was 5.
    07 trillion yuan, a decrease of 11.
    9%;
      Note: The growth rate is a comparable growth rate
     

      In terms of profits in the petrochemical industry, the total profits of enterprises above designated size in China's petrochemical industry dropped significantly in 2019, to 668.
    37 billion yuan, a decrease of 14.
    9%; in the first half of 2020, the total profits were 141.
    61 billion yuan, a decrease of 58.
    8%;
      ——The number of petrochemical companies continues to decrease
     
    ——The number of petrochemical companies continues to decrease
      According to national* data, as of the end of 2019, there were 26,271 enterprises above designated size in the petroleum and chemical industry, a year-on-year decrease of 5.
    54%.
    As of the end of June 2020, there are 25,787 enterprises above designated size in the petroleum and chemical industries.
      Industrial structure: mainly chemical industry and oil refining industry
     
    Industrial structure: mainly chemical industry and oil refining industry
      From the perspective of industrial income structure, the petroleum and chemical industries can be divided into chemical industries, oil refining industries, and petroleum and natural gas extraction industries.
    In 2019, the operating income of my country's petroleum and chemical industry was 12.
    27 trillion yuan, a year-on-year increase of 1.
    3%.
    Among them, the chemical industry's operating income was 6.
    89 trillion yuan, a year-on-year decrease of 0.
    9%, and the refining industry's operating income was 4.
    02 trillion yuan, an increase of 4.
    6%.
    Accelerate by 1.
    6 percentage points; the operating income of the oil and natural gas extraction industry is 1.
    10 trillion yuan, an increase of 2.
    4%, and a decrease of 0.
    6 percentage points.
      The challenges faced by the petrochemical industry are complex and changeable
     
    The challenges faced by the petrochemical industry are complex and changeable
      Affected by the epidemic in 2020, the demand of my country's petroleum and chemical industry will be greatly affected.
    The prices of oil and natural gas and its main petrochemical products continued to fall, and the production and sales of petrochemical products changed from a positive growth rate to a decline.
    The development of my country's petrochemical industry will encounter major challenges in 2020.
    According to the China Petroleum and Chemical Industry Federation, the current petrochemical industry is facing complex challenges and increasing uncertainties and instability.
    The uncertainties in the development of the petrochemical industry in 2020 are obvious.
    The new crown epidemic is still spreading.
    It will take a long time for market demand to rebound and supply chain recovery.
    The development of the petrochemical industry in 2020 will encounter challenges such as continued price declines, historical declines in production and sales, and dual constraints on resources and the environment.
      The petrochemical industry is developing in a new direction in the post-epidemic era
     
    The petrochemical industry is developing in a new direction in the post-epidemic era
      As an important pillar industry and raw material supporting industry of the national economy, the petrochemical industry has new opportunities and future in the post-epidemic era.
    After the epidemic, the world petrochemical industry will restructure and enter a new period of change and adjustment.

     

      my country's petrochemical industry will develop in the direction of diversification of raw materials, differentiation of product demand, marketing e-commerce, industrial green and low-carbon, and industrial intelligence.

     

      my country's oil reserves are limited and its dependence on foreign oil is high.
    The petrochemical industry must broaden its raw material channels.
    In order to meet the needs of people's increasing living standards, it is inevitable that petrochemical downstream products will develop in the direction of functionalization, refinement and differentiation.
    With the rapid rise of e-commerce represented by Alibaba Group, it has had a great impact on the existing traditional production and sales model of the traditional petrochemical industry, ranging from manufacturers to wholesalers to retailers.
    Petrochemical manufacturers must clearly understand this severe problem.
    Under the circumstances, take the initiative to carry out the reform of marketing e-commerce.
    Green development and low-carbon development have become development trends.
    The Chinese government attaches great importance to the construction of ecological civilization.
    It has revised and issued strict environmental protection laws, and the standards and requirements for pollution and carbon emissions are increasing.
      For more industry-related data, please refer to the "China Petrochemical Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
    At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion.
    Solutions such as investment attraction.

     

      Original title: Foreseeing 2020: "Panoramic Atlas of China's Petrochemical Industry in 2020" (Attached with industrial chain, market scale, industrial structure, etc.
    )
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