Petrochemical industry first quarter profit of 91.6 billion

At the “2010 China Chemical Industry Investment Trend Summit” held recently, the participating experts gave high recognition to the petrochemical industry for implementing the revitalization plan, and pointed out that in this process, investment opportunities will emerge in an endless stream.
Bai Yu, deputy director of the Institute of Petroleum and Chemical Industry Planning, said that the "12th Five-Year Plan" is an important period of strategic opportunities for China's petrochemical industry, and also a key period for the transition from "a petrochemical country to a petrochemical powerhouse." In this transitional period, the structural adjustment of the entire industry of the petrochemical industry needs to be further accelerated in order to meet the higher demand for chemical products raised by related domestic industrial industries.
Bai Yu has long been engaged in the planning of petrochemical industry, pre-work research of engineering projects and research work on large-scale topics. He has worked as the National Chemical Industry's "Ninth Five-Year Plan", "Five-Year Plan" and "Eleventh Five-Year Plan".
"The 12th Five-Year Plan has just been completed and has not yet been approved." She said that the strategic approach taken in the structural adjustment of the petrochemical industry is to scientifically control the amount of new additions, that is, strictly prohibit the launch of low-efficiency projects and actively encourage the construction of energy-efficient projects. Eliminating outdated high-energy-consuming processes and devices, and actively promoting the energy-saving transformation of energy-efficient equipment (systems) and optimization of energy gradient utilization.
“The chemical industry is forced to adjust its structure and upgrade its industries. The Chinese chemical industry still has a long way to go. New investment highlights are highlighted in the industrial restructuring.” Insiders said that the chemical sector must be divided into two major areas. Treat it. First of all, we must resolutely abandon blind expansion projects in order to mitigate the serious contradictions caused by the abnormal development of the chemical industry in respect of bulk commodities with severe overcapacity.
Secondly, it aims at the development direction of the chemical industry and promotes the healthy development of the industry. Investment opportunities led by the protection of resources, protection of the environment, and consumption upgrade should be emphasized. What needs to be emphasized is that the newly listed small and medium-sized companies in the chemical industry are different from the small and medium-sized companies in other industries. The risk of business operations is relatively small. We recommend that they can be held for a long time.
Bai Lan predicted that during the “12th Five-Year Plan” period, petrochemical industries will still exhibit different development characteristics. The growth industries such as petrochemicals, chemical new materials and intermediates, new fields of fine chemicals, and new energy industries will continue to expand their scales, increase their varieties, and meet growing demands; chemical fertilizers, traditional carbon-chemical fields, two alkalis, and rubber The mature industries such as chemical, traditional fine chemicals, etc. continue to optimize the industrial structure, improve quality and level, and maintain competitive advantage.
Xu Jingsheng, deputy chief engineer of the China Chemical Industry Development Center, predicts that by 2012, the market size of the world's fine and specialty chemicals will reach more than US$1.2 trillion, and the market for fine chemical products will be broad.
Xin Guobin, director of the Ministry of Industry, Operational Monitoring and Coordination Bureau, pointed out that the petrochemical industry achieved a profit of 91.6 billion in the first quarter, which was an increase of 1.8 times year-on-year.
Experts pointed out that in line with the idea that resources are king, potash, sulfur mines, phosphate rock and fluorite mines have long-term investment value. At present, the number of such companies in the A-share market is relatively large and investors can focus on them. In addition, the introduction of the resource tax, although affecting the profits of the listed companies in the short term, will be beneficial to the rational use of resources and the integration of mineral resources in the long term.
Cing Securities believes that the increase in oil prices is limited. OPEC has cut production significantly, and the excess production capacity has been too high, creating greater pressure for further increases in oil prices. At the same time, too high oil prices are not conducive to macroeconomic recovery.
In investment strategy, Ding Dingkun believes that if the inflation is at a high level and the crude oil price is at a low level, then the investment should be preferred to petrochemical oil, followed by the oil field service; if the inflation is at a high level and the crude oil price is at a high level, Focus on coal, coal chemical industry, and preferred oilfield services.

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