According to the analysis report of the Information Department of the China Petroleum and Chemical Industry Association, in July, of the 65 (class) products that were tracked by the petroleum and chemical industry in China, 56 were output growth, accounting for 86.2%.
Due to the continued rise in energy prices and the tight supply of some products, the domestic chemical market continued to maintain a high level of turmoil and prices rose slightly in the fluctuations. Of these 156 chemical products, 83 prices were up from the previous month, accounting for 53.2%, down 50, accounting for 32.1%. The prices of basic chemical raw materials and synthetic resins rose, while the prices of rubber products generally reversed.
Crude oil production maintained a steady growth. In July, the output was 15.736 million tons, the highest in the month since the beginning of this year; the growth rate of natural gas production decreased slightly, and the monthly production was 4.8 billion cubic meters, an increase of 18.1% year-on-year; However, production still maintained a growth trend. In July, crude oil processing volume was 25.554 million tons, a year-on-year increase of 7.8%.
Fertilizer production growth slowed down, but the main product urea still maintained a strong growth. The total pesticide production in July (recovered) was 122,000 tons, a year-on-year increase of 43.5%, which is the fastest growing month this year.
The production of inorganic chemical materials is in good condition. Sulfuric acid and hydrochloric acid continued to grow slightly last month, and nitric acid resumed its rapid growth. Soda ash improved with the downstream demand, and the pace of caustic soda production remained relatively fast.
The growth rate of production of organic chemical raw materials was relatively slow. Ethylene production was 733,000 tons, a year-on-year increase of 7%; pure benzene was 283,000 tons, a year-on-year increase of 15.5%.
Synthetic resin production capacity continued to be released, and production growth remained unchanged. The monthly output was 2.069 million tons, a year-on-year increase of 14.8%. The growth rate of rubber products production continued to increase. The tire production was 39.475 million, an increase of 21.3% year-on-year.
Due to the continued rise in energy prices and the tight supply of some products, the domestic chemical market continued to maintain a high level of turmoil and prices rose slightly in the fluctuations. Of these 156 chemical products, 83 prices were up from the previous month, accounting for 53.2%, down 50, accounting for 32.1%. The prices of basic chemical raw materials and synthetic resins rose, while the prices of rubber products generally reversed.
Crude oil production maintained a steady growth. In July, the output was 15.736 million tons, the highest in the month since the beginning of this year; the growth rate of natural gas production decreased slightly, and the monthly production was 4.8 billion cubic meters, an increase of 18.1% year-on-year; However, production still maintained a growth trend. In July, crude oil processing volume was 25.554 million tons, a year-on-year increase of 7.8%.
Fertilizer production growth slowed down, but the main product urea still maintained a strong growth. The total pesticide production in July (recovered) was 122,000 tons, a year-on-year increase of 43.5%, which is the fastest growing month this year.
The production of inorganic chemical materials is in good condition. Sulfuric acid and hydrochloric acid continued to grow slightly last month, and nitric acid resumed its rapid growth. Soda ash improved with the downstream demand, and the pace of caustic soda production remained relatively fast.
The growth rate of production of organic chemical raw materials was relatively slow. Ethylene production was 733,000 tons, a year-on-year increase of 7%; pure benzene was 283,000 tons, a year-on-year increase of 15.5%.
Synthetic resin production capacity continued to be released, and production growth remained unchanged. The monthly output was 2.069 million tons, a year-on-year increase of 14.8%. The growth rate of rubber products production continued to increase. The tire production was 39.475 million, an increase of 21.3% year-on-year.
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