[Plastic] How to deal with the impact of the epidemic on petrochemical and its downstream industries

The number of confirmed cases of the new type of pneumonia is still on the rise.

However, the World Health Organization also emphasized that there is no need to take measures to restrict international travel and trade.

What is the impact of the epidemic on China's economy?

On the one hand, offline service industries are the first to be affected, especially cinema chains, tourism, accommodation and catering, offline education, and so on.

To this end, the author conducted research on clothing, steel, machinery, petrochemical and other industries, involving Guangdong, Hubei, Zhejiang, Shanghai, Hebei and other places.

Short-term difficulties faced by industrial production recovery The escalation of the epidemic occurred before the Spring Festival, which made rework of employees a prominent problem.

According to Mysteel statistics, as of January 30, 22 construction steel companies in a southern province had a total inventory of 1.

Third, the delivery of manufacturing orders will be delayed after a year, and production companies will face losses.

The impact of the epidemic on industrial production may exceed that in the first quarter.

March and April each year is the peak of new export orders: PMI new export orders (data description: based on data from January 2005 to January 2020 Data source: National Bureau of Statistics, January 31, 2020) Currently, foreign purchases Businesses are highly concerned about the epidemic in China.

There is no doubt about the connection between epidemic prevention and control and the resumption of production.

(Keyword: Petrochemical)