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Since China’s economic operation has continued to develop in the direction of macroeconomic regulation and control since the beginning of this year, and industrial production continues to grow rapidly, the downstream industries of petroleum and chemical industry are still developing rapidly. Demand for petrochemical products continues to increase. The oil and chemical industry in the country has maintained relatively strong production and sales. momentum. At the same time, under the support of high prices for various elements such as petroleum, coal, electricity, and transportation, the price level of the entire industry has been fluctuating at high levels, but due to the rapid growth of resources and the ability of the downstream to withstand high prices, many product prices The rally has slowed down and market conditions have fluctuate. According to the latest data bulletin from the China Petroleum and Chemical Industry Association, in July, the 64 kinds of petroleum and chemical products that were tracked in an important manner, the output of which had grown by 58 over the same period of last year, accounted for 90.6%, of which the increase was over 10%. The species accounted for 71.9%; the output decreased by 5 species, accounting for 7.9%. The prices of 149 kinds of petroleum and chemical products that were tracked were almost half of that of the previous month (except for 12 types of products), and there were 111 kinds of price increase compared with the same period of last year, accounting for 74.5. %, there are 22 kinds of decline, accounting for 15.3%.
Specifically, oil and gas production grew steadily. In July, the country’s crude oil and natural gas production continued to grow at a rapid rate. Crude oil output was 15.456 million tons, up 4.2% year-on-year; natural gas production was 3.95 billion cubic meters, up 19% year-on-year. .2%. After a two-month slowdown, the growth rate of refined oil production started to rebound in July. The production of agrochemicals performed well, and the inorganic and organic chemical raw materials maintained a rapid growth. The increase in output of “triacids and alkalis†was all above 14%.
Good oil and chemical production in July is the dual role of demand pulling and cost promotion
According to the analysis report of the Ministry of Information of the China Petroleum and Chemical Industry Association, the import situation of the oil and chemical industry in the country remained good in July under the dual role of demand-pulling and cost promotion.