At the â€œ2007 China Petrochemical and Chemical Economic Situation Conferenceâ€ held by the China Petroleum and Chemical Industry Association, when forecasting the development trend of Chinaâ€™s petrochemical industry in 2007, it was pointed out that as the international oil price will continue to operate at a high level, at the same time, the domestic economy will accelerate the development of the market. With strong demand, the prices of chemical products in the country will not show ups and downs in 2007, and the profits of the chemical industry will have a certain increase. It is expected that the rate of development will continue to exceed 20%.
In 2007, the upgrading of domestic consumption structure will drive the upgrading of industrial structure and urbanization. Domestic demand will lead to strong economic growth and energy demand will continue to grow. The transportation industry will continue to grow, the automobile consumption and possession will increase rapidly, the oil used in the agriculture, building materials and chemical industries will increase, the pace of urbanization will accelerate, the accelerating development of alternative energy and renewable energy products, and the expansion of residentsâ€™ gas consumption will continue to increase. Drive oil and gas demand.
Since the central and local governments attach great importance to the work of agriculture and rural areas and the rapid development of agriculture and rural economy, farmersâ€™ enthusiasm for farming will increase, and the demand for agricultural chemical products such as fertilizers, pesticides, diesel oil, and agricultural films will continue to grow.
In recent years, the industries such as construction, textiles, electronics, and automobiles have also contributed strongly to the petrochemical industry. In 2006, China produced 25.29 million tons of synthetic resin and still imported 23.93 million tons. It is expected that the demand for synthetic resin will further increase in 2007; the demand for domestic paint will maintain a growth of more than 20% in 2007; in 2006, domestic synthetic fiber output will be less than 50% of the demand; Electronic industrial supporting synthetic materials and information chemicals will increase by more than 18% in 2007.
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