2020 China's petroleum and chemical industry market status and development prospect forecast

[ Market analysis of chemical machinery equipment network ]
 

Development status of China's petroleum and chemical industry
 

According to the China Petroleum and Chemical Industry Federation's "2019 China Petroleum and Chemical Industry Economic Operation Report", as of the end of December 2019, there were 26,271 enterprises above designated size in the petroleum and chemical industry.
In 2019, the operating income of the petroleum and chemical industry was 12.
27 trillion yuan.
Yuan, a year-on-year increase of 1.
3%; total profit was 668.
37 billion yuan, a year-on-year decrease of 14.
9%, accounting for 11.
6% and 10.
8% of the national scale industrial operating income respectively.
In 2019, the total import and export volume of the petroleum and chemical industry was US$722.
21 billion, a year-on-year decrease of 2.
8%.
Assets totaled 13.
40 trillion yuan, an increase of 7.
7% year-on-year; asset-liability ratio was 55.
92%, an increase of 1.
16 percentage points year-on-year; loss-making enterprises lost 132.
08 billion yuan, an increase of 9.
7% year-on-year; industry losses reached 17.
6%.
In 2019, the industry-wide operating income profit rate was 5.
45%, a year-on-year decrease of 1.
04 percentage points; the operating income cost per 100 yuan was RMB 82.
67, a year-on-year increase of 1.
39 yuan.

　　——The economic benefits of the petroleum and chemical industry have fluctuated in recent years
 

　　Li Shousheng, president of the China Petroleum and Chemical Industry Federation, said, "From the perspective of the development of the petrochemical industry, China has become the world's petroleum and chemical power, occupying 40% of the market.
" According to the statistical analysis of the "2020 Energy and Chemical Confidence Index Report", compared with the first half of 2020, the demand for China's energy and chemical products will increase in the second half of 2020.
Due to the effective domestic control of the epidemic and the rapid recovery of the economy to boost confidence, more than 70% (71.
43%) of the interviewees believe that China's demand will increase in 2020.

 

　　As my country's macroeconomic downward pressure continues to increase, the growth of operating income of enterprises above designated size in my country's petroleum and chemical industries has slowed down.
In 2019, the operating income of enterprises above designated size in China's petroleum and chemical industry was 12.
27 trillion yuan, an increase of 1.
3%; affected by the epidemic, in the first half of 2020, the operating income of my country's petroleum and chemical industry was 5.
07 trillion yuan, a decrease of 11.
9%.

　　From 2015 to the first half of 2020, the total profit of China's petroleum and chemical enterprises above designated size has shown a downward trend year by year.
According to national* data, the total profit of enterprises above designated size in China's petroleum and chemical industry dropped significantly in 2019, to 668.
37 billion yuan, a decrease of 14.
9%; in the first half of 2020, the total profit was 141.
61 billion yuan, a decrease of 58.
8%.

　　From 2015 to the first half of 2020, the number of China's petroleum and chemical companies above designated size has shown a downward trend year by year.
According to national* data, as of the end of 2019, there were 26,271 enterprises above designated size in the petroleum and chemical industry, a year-on-year decrease of 5.
54%.
As of the end of June 2020, there are 25,787 enterprises above designated size in the petroleum and chemical industries.

　　——Sinopec, China National Petroleum Corporation
 

　　The petroleum and petrochemical industry can be divided into three major sectors: petroleum and natural gas exploration, development and production, petroleum refining and oil product sales, and petrochemical product production and sales.
In October 2020, the 2020 China Petroleum and Chemical Industry Top 500 Press Conference and the Post-epidemic Era Chemical Industry Development Summit Forum will be held online.
The 2020 China Petroleum and Chemical Industry Top 500 Ranking List, the sub-industry ranking and the 2020 China Petroleum and Chemical Industry Development Index were released at the meeting.
* Co.
, Ltd.
, * Co.
, Ltd.
, and * Co.
, Ltd.
are ranked with 2.
95 trillion yuan, 2.
65 trillion yuan and 750.
8 billion yuan in main business income respectively.
In addition, the main business income of the 500 comprehensive enterprise groups listed in the year reached a record of 13.
5 trillion yuan, an increase of 400 billion yuan year-on-year, an increase of 3%, which is higher than the economic growth rate of the industry.

　　——Enterprises are mainly concentrated in Shandong and Jiangsu provinces
 

　　According to data from Qichamao, the surviving and active companies in China's petrochemical industry are mainly concentrated in Shandong (286,000 companies) and Jiangsu (250,000 companies) in the *echelon, accounting for the proportion of 31 provinces, autonomous regions, and municipalities across the country.
6.
45%; followed by the second echelon with more than 100,000 companies but less than 200,000, and 7 provinces and municipalities represented by Guangdong, Shaanxi, Anhui, and Hubei, accounting for 22.
58%; and the second tier is the second tier with more than 100,000 companies but less than 200,000 companies.
In the three-echelon, 22 provinces, autonomous regions and municipalities, including Shanghai, Zhejiang, Jiangxi, and Fujian, account for 70.
97% of companies with less than 100,000 companies.

　　——China's petroleum and chemical industry is still dominated by the chemical industry and oil refining industry
 

　　From the perspective of industrial income structure, the petroleum and chemical industries can be divided into chemical industries, oil refining industries, and petroleum and natural gas extraction industries.
In 2019, the operating income of my country's petroleum and chemical industry was 12.
27 trillion yuan, a year-on-year increase of 1.
3%.
Among them, the chemical industry's operating income was 6.
89 trillion yuan, a year-on-year decrease of 0.
9%, and the refining industry's operating income was 4.
02 trillion yuan, an increase of 4.
6%.
Accelerate by 1.
6 percentage points; the operating income of the oil and natural gas extraction industry is 1.
10 trillion yuan, an increase of 2.
4%, and a decrease of 0.
6 percentage points.

 

　　In the first half of 2020, the operating income of the petroleum and chemical industry was 5.
07 trillion yuan, a year-on-year decrease of 11.
9%, and the rate of decline narrowed 1.
6 percentage points from the first quarter, accounting for 11.
0% of the national scale industrial operating income.
Among them, the chemical industry's operating income was 2.
93 trillion yuan, a year-on-year decrease of 10.
5%, and the decline was 8.
1 percentage points narrower than the first quarter; the refining industry's operating income was 1.
61 trillion yuan, a decrease of 13.
1%, an increase of 5.
7 percentage points; Revenue was 418.
69 billion yuan, down 17.
8%, and the rate of decline expanded by 16.
9 percentage points.

 

　　On the whole, China's petroleum and chemical industries are still dominated by the chemical industry and the oil refining industry, with the ratio of the two reaching 89.
55% in the first half of 2020.

　　——The output of finished ethylene has shown an upward trend year by year in recent years, but the growth rate has slowed down
 

　　In terms of production and sales of petrochemical products, domestic petrochemical products are currently in short supply.
Due to the special advantages of the petrochemical industry in the industrial chain and its market supply and demand conditions, the industry has strong bargaining power, and the price growth rate of petrochemical products and processed products Both are higher than the increase in crude oil prices.
Petrochemical products mainly include ethylene and other derivative products, synthetic resins, synthetic fibers, synthetic rubber, urea and other major categories.

　　——Technology development status
 

　　my country's oil refining industry is mainly developed on its own technology, which can basically meet the needs of the national economy and social development for petroleum products, and some products are also exported.
Based on the introduction of technology and equipment, my country's petrochemical industry has also developed some process technologies by itself through digestion and absorption in recent years and has been promoted and applied in industry to produce petrochemical products required by the domestic market.
In the petrochemical industry, a number of new technologies have also been developed.

　　Prospects and Trends of China's Petroleum and Chemical Industry
 

　　At present, my country's petroleum and chemical industries are at the historical intersection of industrial reforms, facing the challenges of intensified resource and environmental constraints, rising factor costs, and increasingly prominent structural contradictions.
my country’s petroleum and chemical industries must play a good entrepreneurial confidence game, form a hard work and upward determination, determine their own business positioning and future market development potential; they must play a strategic management game, improve strategic management and control capabilities, and strive to improve the company's strategic management level;
 

　　It is necessary to do a good job of transformation and development, stimulate endogenous motivation, accelerate the pace of industrial upgrading and transformation and product innovation, and promote the development of industrial layout to the industrial chain and the development of strategic emerging industries;
 

　　It is necessary to play the game of innovation and development to enhance the ability to drive innovation; to play the game of progress in order to enhance competitiveness.
After analyzing the comprehensive factors such as China's economic operation, industry production, price trends, and structural adjustment changes, it is judged; forward-looking use of linear regression method to estimate that China's petrochemical market sales revenue will reach about 12 trillion yuan in 2026.

　　For more data, please refer to Qianzhan Industry Research Institute "China Energy and Chemical Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report".
At the same time, Qianzhan Industry Research Institute also provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, etc.
solution.

 

　　Original title: Ten pictures to understand the current market situation and development prospects of China's petroleum and chemical industry in 2020 [Photos]