Improve the market voice and product pricing power of my country's petrochemical industry

　　The "14th Five-Year Plan" is an important stage for China's petrochemical industry to enter high-quality development, from a big petrochemical country to a powerful petrochemical country, and it is also a critical period for China to strive for the pricing power and market voice of petrochemical products in the world
.

　　The total volume of China's petrochemical industry has ranked second in the world for 12 consecutive years, and the chemical industry has ranked first in the world
.
At present, the petrochemical industry is implementing an innovation-driven strategy around the "dual-carbon" goal, accelerating industrial optimization and upgrading, and actively promoting green and low-carbon transformation
.
In recent years, China's fuel oil industry has undergone clean energy conversion and industrial structure changes.
With the support of national policies and the joint efforts of the entire industry, breakthrough development results have been achieved.
The fuel supply of bonded ships has doubled in the low-sulfur era.
growth
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　　At present, China's industrial integration continues to deepen, providing a foundation for the construction of a unified national energy market
.
The Shanghai Futures Exchange has made unremitting efforts in accelerating the construction of the commodity futures market and improving the oil and gas product system.
Derivative products and services combined with futures and currents provide an important guarantee for the production, operation and innovative development of China's petroleum and petrochemical enterprises
.

　　Among them, low-sulfur fuel oil futures have been running smoothly since they were listed for two years, and based on the actual needs of the industry, they have actively promoted the effective integration of the futures and current markets, and have been widely concerned and recognized by relevant enterprises at home and abroad
.
In today's increasingly severe global geopolitical conflict and energy security situation, we put more emphasis on the upstream and downstream synergy of the industrial chain and the coupled development between futures and current markets
.

　　Futures are derived from the industry and serve the industry
.
As an indispensable part of the modern economic system, the futures and derivatives market will play a pivotal role in China's progress from a petrochemical country to a powerful country
.
In the future, we look forward to working together with the previous period, based on the new development stage, implementing new development concepts, building a new development pattern, taking the promotion of high-quality development as the theme, making overall planning, optimizing the layout, speeding up research on new varieties, promoting the formulation of industry standards, and improving The participation of entities in the futures market and the ability of the futures industry to serve the industry will enhance the market voice and product pricing power of China's petrochemical industry
.
(Fu Xiangsheng, Vice President of China Petroleum and Chemical Industry Federation)

From: China Petroleum News