At present, China's petrochemical industry is in a critical period from big to strong. The comprehensive advantages of industrial revitalization still exist and the mainstream of industrial development has not changed. If the international financial crisis is handled properly, it is entirely possible for China's petrochemical industry to achieve accelerated development. The chemical industry potential analysis of the new situation held in Beijing on April 23-24 will make the above judgment.
Li Yongwu, president of the China Petroleum and Chemical Industry Association, analyzed at the meeting that China is in a period of strategic opportunities for rapid economic development, and that the basic trend of the industry's development and its long-term good trend have not changed. At present, maintaining the steady and rapid development of the industry's economy has many favorable conditions: First, we have a strong material basis; Second, there is a huge potential for domestic demand for products; Third, the international environment still has hidden opportunities; Fourth, the Party Central Committee and the State Council set development measures to promote the development of the industry. A series of policy measures, in particular the petrochemical industry restructuring and rejuvenation plan reviewed and passed by the State Council's executive meeting, further strengthened the industry’s determination to overcome difficulties and overcome difficulties. Li Yongwu hopes that petrochemical practitioners will have firm confidence to overcome difficulties and make new contributions to the stable and rapid development of the industry.
Gu Zongqin, director of the Institute of Petroleum and Chemical Industry Planning, pointed out that China's increasingly mature market economic system will to some extent evade the risk of financial crisis and provide a relatively good economic environment and market opportunities for the development of the petrochemical industry; China has become second only to the United States. In the petrochemical industry, the output of major petrochemical products has risen sharply in the global rankings and has strong resistance to risks; the development of the petrochemical industry in developed countries has already reached its peak, and China’s petrochemical industry is currently in a rising period, with certain comparative advantages. . He believes that the international financial crisis is handled properly, and China's petrochemical industry is entirely possible to achieve accelerated development.
Gu Zongqin expects that by 2010, the consumption of major petrochemical products in China will account for about 1/3 of the total global consumption. In the next few years, as the country will stimulate the implementation of domestic demand strategy and industrial revitalization plan, the overall pattern of supply and demand in the petrochemical industry will not change significantly. Crude oil, some organic materials, and high-end products such as synthetic materials and special chemical materials will remain unchanged. Maintaining certain imports; traditional chemical products such as inorganic salts, chemical fertilizers, methanol, and pesticides will maintain a balance between supply and demand or supply exceeding demand. Considering that some domestic products have certain competitive advantages internationally, they can export to overseas markets to ease pressure.

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