The reporter learned from the Ministry of Industry and Information Technology on the 2nd that the investment structure in the chemical industry is irrational, and the overcapacity situation of some products will increase in the future. If the market can not adjust itself, the competent department will take administrative measures to regulate.
Since the beginning of this year, due to the financial crisis, the chemical industry has always faced the problem of relatively insufficient demand. Due to the lack of market demand, the apparent consumption of chemical products such as soda ash and caustic soda decreased in the first half of the year while inventory was still increasing, apparent consumption of chemical fertilizers, methanol, and synthetic materials increased, but prices remained low.
In July, the price of the chemical industry remained low, and the price index of more than 1,000 chemical products announced by the National Bureau of Statistics exceeded 60% or remained unchanged, and the year-on-year index was 84.19, continuing to show a downward trend.
Information from the Ministry of Industry and Information Technology indicated that the price of chemical products has been lowered into the vicinity of the cost line. However, in order to maintain market share or stabilize employees, many companies have barely started production, resulting in insufficient operating rate of equipment and increasing inventory. As of the end of July, the utilization rates of chemical fertilizers, calcium carbide, chlor-alkali, and plastics were all above 70%. With the increase of upstream energy and raw material costs, the company’s profitability pressure has increased.
At the same time, the investment growth in the chemical industry is still strong, reaching 29.71%, of which, the growth rate of investment in inorganic acids, fertilizers, pesticides, and rubber products still reached 43.37%, 36.23%, 40.66%, and 38.18%, respectively, and the phosphate fertilizer industry The growth rate reached 97.12%.
After the State Council released the "Planning and Revitalization Plan of the Petrochemical Industry", from the more than a dozen provinces and cities that have officially announced the Revitalization Plan of the region, the province that only had methanol in the three-year revitalization plan has planned 12 million tons. Some provinces planned 6 million tons, some urea provinces planned 8 million tons, PVC had 2 provinces each planned 3 million tons, and some soda provinces planned 4 million tons.
According to Feng Shiliang, deputy secretary-general of the Petroleum and Chemical Industry Association, according to this situation, the problem of relatively overcapacity of some products in the future will not only be solved but will be further aggravated.
The Ministry of Industry and Information Technology also told reporters that the issue of overcapacity in products of the chemical industry sector should cause the company to attach great importance, if the market can not make adjustments on its own, the competent department will take administrative measures to regulate.
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