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The report quoted industry insiders as saying that the current problems in the petrochemical industry are that the total capacity of traditional petrochemical products has clearly exceeded demand, while the downstream high-end products in the areas of new chemical materials and fine chemicals are in short supply, and related products need to be imported. The supply of products in the industry has changed from a "shortage of overall quantity" to a "structured shortage."
The Development Guide issued by the China Petroleum and Chemical Industry Federation (CPCIA) has proposed that during the “Twelfth Five-Year Plan†period, it is necessary to actively develop new chemical materials such as fluorosilicon materials, special rubbers, thermoplastic elastomers, and polyurethane; Energy-saving and environmentally friendly high-end specialty chemicals such as electronic chemicals; actively develop high-performance lithium-ion battery and photovoltaic cell materials.
Authoritative sources also revealed that by the end of the “Twelfth Five-Year Planâ€, the total output value of the petrochemical industry will reach 16 trillion yuan, of which fine and specialty chemicals will increase to more than 45%, and sales will exceed 100 billion yuan. .
Yuan Longhua, deputy director of the Ministry of Industry and Information Industry Raw Materials Industry, reported and quoted that the “Twelfth Five-Year Plan†of the petrochemical industry will focus on supporting the informatization construction and technological transformation of the petrochemical industry. The Ministry is stepping up efforts to formulate the “Twelfth Five-Year†development plan for seven industries including iron and steel, nonferrous metals and building materials.
Li Shousheng, executive vice president of the China Petroleum & Chemical Industry Federation, once said that in 2011 the domestic petrochemical industry was facing new situations such as overcapacity, increased inflationary pressures, and energy-saving emission reductions. The association also estimated that the overall price level of the domestic petrochemical industry will rise by 10% this year, and the refined oil price will increase by about 6%. The apparent increase in crude oil consumption and refined oil consumption is expected to be lower than last year.
The China Securities Journal reported on Wednesday that the “Twelfth Five-Year Plan†(2011-2015) plan for the petrochemical industry is expected to be released in October. The core is the structural adjustment, the development of high-end petrochemical products, and the realization of the petrochemical industry from big to strong. During the period, the average annual growth rate of the industry will remain at more than 10%.