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Petrochemical industry leader in rubber exports in 2014 China Petrochemical Association on the third of six Board December 26, 2014 held in Beijing, leader of the 2014 Federation of economic operation situation, and in 2015 made a pre-sentence economic operation. 2014 economic operation for years seen the emergence of a difficult situation, but there have been positive changes. 2015 industry-wide economic growth will be slightly faster than in 2014, the main indicators of main business revenue, industrial added value, total profits are expected to improve overall.
China Petrochemical Association vice president Li Runsheng introduced in 2014 economic operation withstood heavy pressure, the basic realization of the overall objective of maintaining stability. It is predicted that the annual growth of the Bank's value added by 8.4% over the previous year; the main income of about 14.28 trillion yuan, an increase of 7%; total profit of about 860 billion yuan, with the previous year; total exports of about $ 197 billion, an increase of 9.6 %. Among them, the Chemical Bank added value increased by 10.7%; the main income of about 8.85 trillion yuan, an increase of 9.5%; total profit of about 450 billion yuan, an increase of 5%.
Industry-wide export growth is gratifying, especially rubber exports led the way, continues to maintain its status as the industry's first major export.
Operation and development of the industry there have been many positive changes in 2014. For example, high-tech, high value-added specialty chemicals, coating (pigment) and other fine chemicals increase the lead, holding non-public economic outstanding. Changes in the structure of industry profits, profits and the focus shifted to the downstream end markets. 2014 decline in the overall efficiency of the industry, especially in oil and gas industry accounted for a total profit hit a new low in recent years, while the proportion of the chemical industry profits hit a record high for the first time more than half to 52%. Chemical industry, profit growth again specialty chemicals, coating (pigment) and other fine chemicals fastest.
Product consumption structure has been optimized to maintain a rapid growth in natural gas consumption, organic materials, synthetic resins and other consumer alive. Market consumption, especially the consumption of chemical products positive difference, personalized, quality-oriented development.
Restricting the development of long-standing problem of overcapacity in the industry to resolve to make progress in some sectors of supply and demand has eased. 2014 urea industry quit backward production capacity of 5 million tons, 330,000 tons of caustic soda production capacity out of PVC production capacity of 210,000 tons quit, capacity for rapid growth momentum has basically been stopped. Calcium carbide industry, eliminate backward production capacity of 1.92 million tons, effectively alleviate the pressure of overcapacity. Since the second half of 2014, fertilizer prices began to rebound, and efficiency to ease the situation continued to deteriorate. Inorganic acids and inorganic bases manufacturing is expected to resume growth in full-year profits.
Saving work, three quarters of 2014, the industry standard coal consumption million revenue fell 1.6%, the overall decline in the overall energy consumption of key products, which fell 2.2% ethylene, caustic soda fell 3.2%, 4.4% calcium carbide decline, down 5.5 phosphorus %.
Is fully completed in 2015 ending the year "Twelfth Five-Year Plan", is a crucial year for comprehensive deepening reform, the industry will continue to adjust the structure, transfer mode, while maintaining stability. 2015 major petrochemical products will remain moderate demand growth, the industry or the general level of prices rebounded relatively flat in 2014, industry growth will be slightly faster than in 2014. According to preliminary estimates, in 2015 the Bank added value growth of around 8.5%, the main business revenue growth of 7.5%, an increase of about 5% of total profit.
 
Source: China Chemical Industry News