Petrochemical industry production continues to grow at high prices

According to the analysis report of the Information Department of the China Petroleum and Chemical Industry Association, in July, China's petrochemical industry continued to maintain a good momentum of production, and the domestic chemical market maintained a high level of turbulence. Some products prices rose slightly.

According to statistics, out of the 65 (class) products that were tracked, there were 56 kinds of output growth in July, accounting for 86.2%.

Fertilizer production growth slowed down and urea maintained a strong growth. According to statistics, the total output of chemical fertilizers (refine, the same below) was 4.345 million tons, an increase of 9% year-on-year and a decrease of 16.8% from the previous period. Among the main varieties, nitrogen fertilizer was 3.19 million tons, an increase of 8.5% year-on-year, of which high-concentration nitrogen fertilizer output was 1.889 million tons, an increase of 14.1%; phosphate, potash and ammonium nitrate production were 911,000 tons, 235,000 tons and 869,000 tons respectively. , year-on-year growth of 9%, 18.4% and 13.6% respectively.

The demand for pesticides has increased and production has grown rapidly. According to statistics, the total output of pesticides in July was 122,000 tons, an increase of 43.5% over the same period of last year. Among them, 57,000 tons of pesticides, an increase of 31.8%; fungicides 0.9 million tons, an increase of 20.1%; herbicide 30,000 tons, an increase of 64.7%.

The production of inorganic chemical materials is in good condition. Sulfuric acid and hydrochloric acid production were 4.007 million tons and 591,000 tons, respectively, an increase of 9.0% and 2.1% respectively; nitric acid production was 150,000 tons, an increase of 18.1%; sodium carbonate production was 1.307 million tons, an increase of 15.1%; caustic soda production was 1.235 million. Tons, an increase of 18.6% year-on-year, of which 380,000 tons of ion-exchange membrane caustic soda, an increase of 31.6%.

The growth rate of production of organic chemical raw materials is relatively slow. Among them, ethylene production was 733,000 tons, an increase of 7%; pure benzene 283,000 tons, an increase of 15.5%; refined methanol 528,000 tons, an increase of 12.7%; acetic acid production decline for three consecutive months, the output was 10.9 Ten thousand tons, a year-on-year decrease of 4%.

Synthetic resin production growth has not diminished. The monthly output was 2.069 million tons, a year-on-year increase of 14.8%. Among them, 647,000 tons of PVC, an increase of 18.9%; polyethylene 503,000 tons, an increase of 6.6%; polypropylene 491,000 tons, an increase of 9.5%. The output of synthetic rubber declined slightly, with a production of 136,000 tons. The output of synthetic fiber monomer and synthetic fiber polymer were 646,000 tons and 783,000 tons, respectively, with an increase of 0.4% and 1.3% respectively. The growth rate of rubber products production continued to increase. Tire production was 39.475 million pieces, which was a year-on-year increase of 21.3%, radial tires were 15.356 million, an increase of 25.8% year-on-year, and rubber shoes production was 130 million pairs, a year-on-year increase of 31.8%.

In July, the domestic chemical market continued to maintain a high level of turbulence and prices rose slightly in the fluctuations. Of the 156 chemical products that were tracked, prices increased and fell by 71 and 63 respectively.

Inorganic chemical raw materials stabilized and recovered under the influence of cost and demand. In July, the domestic sulphuric acid market improved slightly, and the rate of price decline slowed down. The average price in the current month was 500 yuan (t price, the same below), a year-on-year decrease of 21.9%; the nitric acid market price was basically stable with an average market price of 2290 yuan. Hydrochloric acid prices remained low; the price of caustic soda rose slightly, and the average price of caustic soda was 2280 yuan; calcium carbide prices rose slightly; yellow phosphorus remained in the doldrums.

The market price of organic chemical raw materials continued to strengthen. Among them, the prices of olefins and aromatic products further increased, and some alcohol products declined. In July, prices of important organic materials such as propylene, butadiene, toluene, and xylene hit record highs. Propylene prices reached 10,590 yuan, up 15.1% year-on-year; toluene prices were 9,150 yuan, up 34.6% year-on-year.

The fertilizer market performed well, urea prices dropped significantly, and phosphorus, potash and compound fertilizers rebounded slightly. In July, the prices of urea all over the country fell, and the national urea market averaged 1,840 yuan, a year-on-year decrease of 8.9%; monoammonium and diammonium phosphate prices rose slightly; potash prices rose slightly; and the price of fertilizers and potash increased driven by compound fertilizer prices, 45 % chlorine-based compound fertilizer price 1930 yuan, up 2.7%.

Synthetic resin prices rose. In July, the price of the five general-purpose synthetic resins rose, but the turnover was not active, mainly due to the high prices.

Prices of rubber and products generally declined. The average price of natural rubber (SCR5) market was 24,550 yuan, down by 2.8% from the previous month; the price of styrene-butadiene rubber 18,300 yuan was up 6.2% year-on-year, but it was down 9% month-on-month; the price of butadiene butadiene rubber was 16,600 yuan, down 5.7% from the previous month.