The first quarter oil and chemical inflation risk increased
On April 18, the reporter learned from the China Petroleum and Chemical Industry Association that in the first quarter, the prices of 162 kinds of products that the petroleum and chemical industries focused on tracked have risen to become mainstream, and prices of some products have risen strongly. Statistics from the General Administration of Customs also showed that the first quarter of crude oil, refined oil, pesticides, natural rubber, synthetic rubber, fertilizers and other major petroleum and chemical products showed an increase or decrease in the increase in imports, and the trade volume was in a strong upward trend. The price of petroleum and chemical products in domestic and foreign markets continued to rise, putting the whole industry facing inflationary pressure.
Li Xiaochao, Director of the National Statistics Division of the National Bureau of Statistics, stated on April 16 that the domestic CPI rose by 8% year-on-year in the first quarter, up 5.3% year-on-year. On the basis of the sharp increase in the prices of international primary products last year, this year it also showed a Fast growth trend. Due to the sharp rise in the prices of raw materials such as crude oil and coal, oil processing and other industries have turned from last year's profitability to losses, and profits of many other industries have also dropped sharply.
Statistics from the General Administration of Customs show that compared with the same period of last year, the import volume of crude oil in the first quarter increased by only 14.9% year-on-year, and the amount increased by 90.6%; the import volume of refined oil increased by 13.8%, the amount increased by 82.8%; the import of pesticides Volume increased by 2.7%, the amount increased by 16.2%; natural rubber imports increased by 30.8%, the amount increased by 79.8%; synthetic rubber imports increased by 3.8%, the amount increased by 28.7%; fertilizer imports decreased by 36.4%, but the amount only decreased 8.7%. The statistics provided by the China Petroleum and Chemical Industry Association also showed that in the first quarter, the prices of products in the petroleum and chemical industries generally rose. Among the 162 key products, there were 113 products with a year-on-year increase in March prices, accounting for 2/3 of the total and as high as 69.75%. Among them, the price of butyl rubber and the price of sulfuric acid rose more than twice as compared with the same period of last year, and the price of sulfur rose more than 2.5 times year-on-year.
According to the person in charge of the China Petroleum and Chemical Industry Association, the continued rise in prices has caused the chemical industry to face increasing pressure and resistance. On the one hand, the rigid rise in prices of energy and raw materials has imposed pressure on prices of chemical products. On the other hand, the digestion capacity of downstream enterprises is limited, and the chemical industry is facing a grim situation in which the pressure of cost surges and the cost of downstream shifts is huge. The Petrochemical Association proposes that chemical companies should minimize the consumption of raw materials and power, reduce production costs, and increase their own competitiveness. (Reporter Qian Min)
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