Zhejiang’s petrochemical industry has an obvious downward trend in efficiency

On June 17, the economic operation analysis meeting of the province’s petrochemical industry in the first half of the year organized by the Zhejiang Department of Economics and Information Technology was held in Quzhou. The reporter learned from the meeting that due to the impact of fluctuations in international oil prices and major product prices, the growth rate of Zhejiang Province’s petrochemical industry’s total industrial output value slowed down in the first half of this year, and the downward trend in economic benefits was also more obvious.

<span style="font-size: 16px" In view of the current situation, further accelerating the pace of transformation and upgrading and promoting high-quality development of the industry are the best strategies for the province to respond to new challenges.

Judging from the published economic operation statistics, Zhejiang Province’s designated petrochemical industry from January to April The total output value and sales value have increased, and are basically the same as the average level of industrial enterprises above designated size; the total industry profits and total profits and taxes decreased by 9.4% and 9.5% year-on-year, both of which are about 9 percentage points lower than the average level of industrial enterprises above designated size, showing efficiency indicators The decrease is obvious. Starting from the second quarter, affected by the fluctuation of international crude oil prices and the price transmission of upstream and downstream products, the profits of the petroleum processing industry have dropped significantly; the price level has continued to fluctuate. Affected by the decline in international crude oil prices, overall chemical product prices fell more than they rose.

From a local perspective, the industry trend is basically consistent with the situation in the province, but there are also some regional differences. Among them, 717 regulated petrochemical enterprises in Ningbo achieved a total industrial output value of 160.64 billion yuan from January to April, a year-on-year increase of 8.2%, which is higher than the city’s industrial growth rate; however, both profits, taxes and profits showed a significant decline. From January to April, 605 regulated petrochemical industry enterprises in Hangzhou achieved a total sales output value of 54.404 billion yuan (of which the petroleum processing industry increased by 8.9% year-on-year; the chemical industry increased by 7.98% year-on-year). However, the number of loss-making enterprises increased significantly, reaching a total of 211. Accounting for 34.88% of the total number of petrochemical enterprises above designated size.

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