China's oil dependence on foreign more than 55%

2016.04.15

Sinopec Industry Federation, said the first half of the petrochemical industry a number of indicators than expected

In yesterday Chinese petroleum and Chemical Industry Association (hereinafter referred to as the "association") held jointly with the Ministry of economic operation situation of National Petroleum and chemical industry analysis ", the president of the association Li Yongwu pointed out that the first half of the industry achieved rapid economic growth, the main economic indicators than expected. However, the dependence on oil is also expanding, has been to 55.14%.

Petrochemical total output value hit a record high

According to him, in the first half of this year, the total output value of petrochemical industry reached 4 trillion and 110 billion yuan, a record high of the same period. As of the end of 6, more than 35700 enterprises in the entire industry scale, the industry's economic scale has exceeded the pre crisis level.

At the same time, the production value of innovation, profit also rose sharply. The first 5 months, the petrochemical industry above scale enterprises realized profits of 271 billion 530 million yuan, an increase of 73.9%, accounting for 17.64% of the total profit of industrial enterprises, the highest in 2007 over the same period of the previous year, an increase of 19.7%.

In addition, the petrochemical product output to maintain rapid growth. In the first half, in the association to track the 78 (kinds) of key petrochemical and related products production, an increase of 74 (species), accounting for 94.9%; a decline of only 4 (species).

It is worth noting that the petrochemical industry also has improved export trade. In the first half, the total import and export trade amounted to 219 billion 958 million U.S. dollars, a new high for the same period in history, an increase of 61.4%. Among them, the total exports of 61 billion 482 million U.S. dollars, an increase of 41.1%, close to the best level of the same period of history, the recovery is better.

Oil dependence continues to expand

Deputy director of the Association for information disclosure and market Zhu Fang, the data show that the petrochemical industry in the first half of the largest imports of crude oil, the amount of imports amounted to $66 billion 750 million, an increase of 114%.

This means that China's oil dependence on foreign is also expanding. Data from the association show that from 1 to June, China's oil apparent consumption amounted to 2.2 tons, an increase of 15.1%, external dependence of 55.14%, an increase of 4.2 percentage points. Among them, the apparent consumption of crude oil is 2.15 tons, an increase of 18.6%, the external dependence of 54.26%, an increase of 5.7 percentage points.

Zhu Fang, petrochemical market in the second half will be stable, the fertilizer market will be slightly better than the first half; inorganic chemical raw materials market will be the main stable; organic chemical raw materials and synthetic materials market may appear high oscillation rising prices, the trend will eventually move with crude oil.

"Next, to strengthen the key industries, key enterprises in the economic operation of the monitoring. While vigorously promote energy-saving emission reduction, accelerate the elimination of backward production capacity." Li Yongwu pointed out that we must continue to do products focused on energy efficiency benchmarking, pay close attention to the formulation of national standards for energy consumption limits mandatory product key.

In addition, he said, the association will actively foster new chemical materials, new areas of fine chemicals, new pharmaceuticals and environmental protection and other strategic emerging industries, to encourage the development and industrialization of high-end petrochemical products. At the same time, the association should actively participate in the government departments of safe production policies, regulations, standards for the formulation, revision and training, to help enterprises to do a good job safety planning and organizational construction, and promote the safety of the production industry. (reporter Chen Qijue)