Business data
Economic operation of petrochemical industry will decrease and increase in 2020
"COVID-19 has superimposed low oil prices and hitherto unknown challenges and impacts in the petrochemical industry. In 2020, the enterprises with above scale realized business income of 11 trillion and 80 billion yuan, down 8.7% from the same period last year, and the total profit was 515 billion 550 million yuan, down 13.5% compared with the same period last year. The total import and export volume was 629 billion 770 million US dollars, down 12.8% compared to the same period last year. This is an extremely rare year for the petrochemical industry since there are statistical records. " Fu Xiangsheng, vice president of PetroChina and petrochemicals, said on February 4.
In 2020, the economic operation of the petrochemical industry as a whole shows the characteristics of declining economic data, declining product prices, increasing output of main products, increasing consumption of main products and more obvious differentiation. The total price of chemical products decreased by 6.4% year on year. The average prices of 39 kinds of main inorganic chemicals decreased year-on-year by 29 kinds, accounting for 74%; the average prices of 88 kinds of main organic chemicals decreased year-on-year by 70 kinds, accounting for 79.5%. The sharp decline in product prices is the main factor for the sharp decline in the efficiency of the whole industry.