Where will China's petrochemical industry go in 2007? Experts from the China Epoxy Resin Industry Association believe that this will be based on the analysis of international oil prices. Experts predict that oil prices will remain strong in 2007, and WTI crude oil futures prices in 2007 will fluctuate around a wide range of US$65/bbl. If there is a sudden shock in 2007, it is entirely possible that the oil price will again hit the high point in 2006. It is expected that the increase in crude oil production in China's petrochemical industry in 2007 will remain at the level of 2006, natural gas output will exceed 2006, and the processing volume of crude oil will continue to increase, the gross profit of refining will improve, the spread of refined oil products will tend to be normal, and competition in the petrochemical industry will also increase. Will increase.
At present, the global petrochemical industry has formed a three-way pattern of the United States, Asia and Europe. By the end of 2005, the world's refining capacity was 4.26 billion tons per year, of which North America, Asia-Pacific and Western Europe accounted for 24%, 26% and 18%, respectively; the world’s ethylene production capacity was 120 million. Ton/year, of which North America accounts for 30% of the total capacity of the world, Asia-Pacific and Western Europe account for 27% and 21% respectively. The output of the five general-purpose synthetic resins, synthetic fibers, and synthetic rubbers in the Asia-Pacific region has exceeded No. 1 in North America. In the next five years, the Middle East and the Asia-Pacific region including China will be the world's fastest growing regions for refining and petrochemical capacity, and Asia will become the world's largest petrochemical market. At the same time, the development of the petrochemical industry in the world tends to be large-scale, base-based, and refining and chemical integration, and the degree of industrial concentration is increasing.
The liberalization of China's refined oil wholesale business on December 11, 2006 marked the end of the transition period after China's oil and petrochemical industry entered the WTO. Looking back over the past five years, China’s oil and petrochemical industry has undergone tremendous, profound and irreversible changes in the domestic and foreign development environment, the industry’s own development, and market conditions. The Chinese oil and petrochemical market is fully open, and the market players have a diversified competitive landscape. The supervision system has gradually improved and it has embarked on the legal system. In the process of opening up, China's petroleum and petrochemical industry has further developed. In the reform and restructuring, China's state-owned petroleum and petrochemical enterprises have gradually become bigger and stronger. However, China's petroleum and petrochemical companies are also facing a full range of competition from home and abroad. Most of the world’s top 500 oil and petrochemical companies listed in Fortune magazine’s rankings have invested or built factories in China. ExxonMobil, Shell, BP, Total, BASF, DuPont, Bayer, Dow Chemical Most multinational corporations have entered the petroleum and petrochemical industries in China and entered all areas of the Midstream and downstream except for wholesale.
China's economy is in a steady and rapid development phase, and domestic demand for petroleum and petrochemical products has grown rapidly. Experts predict that by 2010, China's demand for gasoline and diesel fuel will be 185 million to 189 million tons, and ethylene demand equivalent will reach 25 to 26 million tons. The huge potential demand for petroleum and petrochemical products will provide China's petroleum and petrochemical enterprises with rare strategic opportunities and good market conditions for further expansion of the market and expansion of their total volume. It can be predicted that during the “Eleventh Five-Year Plan†period, China's petrochemical industry will usher in a new period of development that is full of vitality. In the face of the fast-growing petrochemical market, how should Chinese companies grasp opportunities and meet challenges, and formulate development strategies based on industry trends? In addition, the petrochemical industry practitioners, including foreign investors operating in China, must also constantly understand and study their own market environment in order to assess the situation, grasp the trend, and continue to encounter new situations and continue to solve new problems in the development and expansion.
At present, the global petrochemical industry has formed a three-way pattern of the United States, Asia and Europe. By the end of 2005, the world's refining capacity was 4.26 billion tons per year, of which North America, Asia-Pacific and Western Europe accounted for 24%, 26% and 18%, respectively; the world’s ethylene production capacity was 120 million. Ton/year, of which North America accounts for 30% of the total capacity of the world, Asia-Pacific and Western Europe account for 27% and 21% respectively. The output of the five general-purpose synthetic resins, synthetic fibers, and synthetic rubbers in the Asia-Pacific region has exceeded No. 1 in North America. In the next five years, the Middle East and the Asia-Pacific region including China will be the world's fastest growing regions for refining and petrochemical capacity, and Asia will become the world's largest petrochemical market. At the same time, the development of the petrochemical industry in the world tends to be large-scale, base-based, and refining and chemical integration, and the degree of industrial concentration is increasing.
The liberalization of China's refined oil wholesale business on December 11, 2006 marked the end of the transition period after China's oil and petrochemical industry entered the WTO. Looking back over the past five years, China’s oil and petrochemical industry has undergone tremendous, profound and irreversible changes in the domestic and foreign development environment, the industry’s own development, and market conditions. The Chinese oil and petrochemical market is fully open, and the market players have a diversified competitive landscape. The supervision system has gradually improved and it has embarked on the legal system. In the process of opening up, China's petroleum and petrochemical industry has further developed. In the reform and restructuring, China's state-owned petroleum and petrochemical enterprises have gradually become bigger and stronger. However, China's petroleum and petrochemical companies are also facing a full range of competition from home and abroad. Most of the world’s top 500 oil and petrochemical companies listed in Fortune magazine’s rankings have invested or built factories in China. ExxonMobil, Shell, BP, Total, BASF, DuPont, Bayer, Dow Chemical Most multinational corporations have entered the petroleum and petrochemical industries in China and entered all areas of the Midstream and downstream except for wholesale.
China's economy is in a steady and rapid development phase, and domestic demand for petroleum and petrochemical products has grown rapidly. Experts predict that by 2010, China's demand for gasoline and diesel fuel will be 185 million to 189 million tons, and ethylene demand equivalent will reach 25 to 26 million tons. The huge potential demand for petroleum and petrochemical products will provide China's petroleum and petrochemical enterprises with rare strategic opportunities and good market conditions for further expansion of the market and expansion of their total volume. It can be predicted that during the “Eleventh Five-Year Plan†period, China's petrochemical industry will usher in a new period of development that is full of vitality. In the face of the fast-growing petrochemical market, how should Chinese companies grasp opportunities and meet challenges, and formulate development strategies based on industry trends? In addition, the petrochemical industry practitioners, including foreign investors operating in China, must also constantly understand and study their own market environment in order to assess the situation, grasp the trend, and continue to encounter new situations and continue to solve new problems in the development and expansion.
Fenghua Jade Motor Co., Ltd. , http://www.smartyufastener.com.tw