At the 2005 China Petroleum and Chemical Industry Economic Symposium closing on August 5, Yang Weicai, vice president of the China Petroleum and Chemical Industry Association, said that in the first half of this year, the growth rate of major economic indicators in China's oil and chemical industry was maintained. More than 30%. However, due to the market, foreign trade, raw materials and other reasons, the growth rate of the petrochemical industry will fall back to less than 30% in the second half of the year.
Yang Weicai said that in the second half of the year, China's oil and chemical industry will continue to maintain growth, but the growth rate will slow down, and the speed and efficiency will gradually return to normal levels. The specific analysis has three reasons.
First, the market has changed. With the gradual implementation of the national macro-control, the growth rate of downstream industries such as real estate, electronic appliances, automobiles, building materials, etc. has slowed down, and the demand for chemical products for these industries has fallen, resulting in products such as PVC, paints, soda ash, chemical building materials, and adhesives. Falling prices will cause chemical growth to slow. In addition, the constraints of energy and raw material bottlenecks, especially the tight supply of electricity, have increased production costs and the efficiency is not ideal. The growth of petrochemical output will also slow down.
Second, adverse effects on foreign trade are hindered. The U.S. and EU imposed restrictions on Chinese textiles, implicating products such as synthetic fiber monomers, synthetic fiber polymers, dyes, caustic soda, printing and dyeing auxiliaries, fabric finishing agents, and other products; demand has declined; foreign developed countries have adopted “green barriers†and “technology. Barriers and other protective measures have imposed various restrictions on China's export products, which have caused anti-dumping of inorganic salts, biochemical products, organic intermediates, rubber shoes, and rubber products, and affected exports.
Third, the prices of raw materials in the upper reaches are firm, and the production costs of enterprises are increasing. It is expected that the price of crude oil will remain at a level of between US$55 and US$60 in the second half of the year, and the crude oil processing industry will suffer losses due to high crude oil prices and price control of oil products. Although the chemical fertilizers, pesticides and other agrochemical industries are supported by the national preferential policies, the benefits will still maintain a certain growth, but the efficiency of the synthetic fibers, coatings, dyes and other industries is not optimistic, and the basic chemical raw materials industry in the pressure of raw materials, energy prices The benefits will gradually decline.
Yang Weicai said that in the second half of the year, China's oil and chemical industry will continue to maintain growth, but the growth rate will slow down, and the speed and efficiency will gradually return to normal levels. The specific analysis has three reasons.
First, the market has changed. With the gradual implementation of the national macro-control, the growth rate of downstream industries such as real estate, electronic appliances, automobiles, building materials, etc. has slowed down, and the demand for chemical products for these industries has fallen, resulting in products such as PVC, paints, soda ash, chemical building materials, and adhesives. Falling prices will cause chemical growth to slow. In addition, the constraints of energy and raw material bottlenecks, especially the tight supply of electricity, have increased production costs and the efficiency is not ideal. The growth of petrochemical output will also slow down.
Second, adverse effects on foreign trade are hindered. The U.S. and EU imposed restrictions on Chinese textiles, implicating products such as synthetic fiber monomers, synthetic fiber polymers, dyes, caustic soda, printing and dyeing auxiliaries, fabric finishing agents, and other products; demand has declined; foreign developed countries have adopted “green barriers†and “technology. Barriers and other protective measures have imposed various restrictions on China's export products, which have caused anti-dumping of inorganic salts, biochemical products, organic intermediates, rubber shoes, and rubber products, and affected exports.
Third, the prices of raw materials in the upper reaches are firm, and the production costs of enterprises are increasing. It is expected that the price of crude oil will remain at a level of between US$55 and US$60 in the second half of the year, and the crude oil processing industry will suffer losses due to high crude oil prices and price control of oil products. Although the chemical fertilizers, pesticides and other agrochemical industries are supported by the national preferential policies, the benefits will still maintain a certain growth, but the efficiency of the synthetic fibers, coatings, dyes and other industries is not optimistic, and the basic chemical raw materials industry in the pressure of raw materials, energy prices The benefits will gradually decline.
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