Will this year become the worst year in the history of the petroleum and chemical industry, and will the second half of the year continue the trend of the first half of the year? How can industry enterprises "live well" in the second half of the year? With pressure, questions and needs for communication, more than 800 industry stakeholders looked for answers at the 2023 National Petroleum and Chemical Industry Economic Situation Analysis Conference held in Zhengzhou on August 3.
The figures from the conference report seem to confirm the pressure of many delegates: according to the National Bureau of Statistics, the petrochemical industry achieved operating income of 7.6 trillion yuan in the first half of the year, a year-on-year decrease of 4.4%; the total profit was 431.09 billion yuan, a year-on-year decrease of down 41.3%. The total import and export volume was 476.36 billion US dollars, a year-on-year decrease of 7.6%.
In this regard, Fu Xiangsheng, deputy secretary and vice president of the China Petroleum and Chemical Industry Federation, pointed out that the operation of the petrochemical industry in the first half of the year showed a "double decline" in revenue and profits, a "double decline" in import and export volume, and product prices year-on-year. "Double decline" and other three "double decline" characteristics, but at the same time it also presents "double growth" in output and consumption of most products, "double growth" in crude oil production and processing volume, "double growth" in the number of enterprises above the designated size and investment, etc. Three "double growth" characteristics. These factors may become an important factor for the continued overall improvement of the petrochemical industry's economic operation in the second half of the year and new breakthroughs in promoting high-quality development.
According to He Hailin, deputy director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, in the first half of this year, the industrial added value of my country's petrochemical industry increased by 5.6%, which has accelerated year-on-year. An important force for industrial growth. "Although we are facing some difficulties, with the implementation of the "combined boxing" policy for stabilizing the economy and the continuous release of the dividends of deepening reform and opening up, the industrial manufacturing industry is expected to maintain a sustained recovery in the second half of the year." Take various measures to actively expand effective demand, fully promote the steady growth of industry, and support the development of small and medium-sized enterprises through relief and training.
"The risks and challenges facing the development of the industry cannot be ignored, but we should be full of confidence in the development prospects." Dai Fei, director of the Petrochemical and Pharmaceutical Division of the Industrial Development Department of the National Development and Reform Commission, also said that the endogenous power of the domestic cycle is increasing, and the industry is becoming high-end Greening is moving forward steadily, and a number of key projects continue to advance. In the second half of the year, a series of policies to stabilize growth will be introduced to drive the steady development of the petrochemical industry.
Chen Xi, deputy director of the Department of Energy and Resource Products Trade of the Foreign Trade Department of the Ministry of Commerce, believes that my country's economy is resilient and the market potential is sufficient, and foreign trade still has a good supporting role. The petrochemical industry has obvious scale advantages, accounting for half of the import and export in the field of energy resources in 2023. The implementation of the foreign trade policy will also help companies to bail out.
"In the second half of this year, the fundamentals of my country's macroeconomic stability and improvement have not changed, and there have been many positive changes in domestic market demand, especially the further adjustment and improvement of macro-control policies, which have boosted confidence and stabilized the industry. Good conditions have been created.” Li Shousheng, president of the Petrochemical Federation, pointed out that there have been some positive changes in the current downstream economic operation of the industry. With the recovery of the real estate, automobile, home appliance, textile and other markets, the prices of many bulk petrochemical products have begun to rise. The industry's initiative to destock is expected to come to an end, and the industry's prosperity will rebound rapidly.
Li Shousheng suggested that in the second half of the year, the entire industry, especially the key backbone enterprises, should do their best to focus on five major issues. Safe production, the fifth is to provide "touching" services.
"Cash flow is the 'lifeline' for an enterprise to overcome crises and overcome difficult times." Fu Xiangsheng reminded enterprises to cover their pockets, tap potential, reduce costs and increase efficiency, and save all unnecessary expenses. At the same time, we must be vigilant against overcapacity and "step on the brakes" in a timely manner, actively promote transformation and upgrading, accurately judge the needs of new energy and other fields, and seize opportunities.
As for the aforementioned questions from the participants, Fu Xiangsheng gave an answer after some analysis: "This year will not be the worst year in the history of the petrochemical industry, and the industry's economic operation in the second half of the year will be better than that in the first half."
This meeting is sponsored by Petrochemical Federation and Zhengzhou Municipal People's Government, and undertaken by Information and Marketing Department of Petrochemical Federation, Zhengdong New District Management Committee of Zhengzhou City, and Shandong Longzhong Information Technology Company. (Li Dongzhou)
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