Industry News

  • Chemical industry rebound

    Into the "gold nine silver ten", the chemical plate ushered in warmth, and the price of a variety of chemical raw materials products rose rapidly.

  • The first Sinopec Private conference held a press conference

    China Daily, October 8 (Reporter Zheng Xin) On October 8, the first China Petroleum and chemical Private economy high-quality development conference (hereinafter referred to as the petrochemical Private Conference) will be co-sponsored by the People's Government of Tianjin Binhai New Area and the China Petroleum and Chemical Industry Federation, held in Tianjin Binhai New Area from October 16 to 18.

  • The fate of fossil fuels

    In the future, human society will definitely say goodbye to fossil energy, which is certain, but the time is really difficult to judge. Recently, the International Energy Agency (IEA) and the Organization of Petroleum Exporting Countries (OPEC) almost got into a war of words. The IEA and OPEC are both international authorities on the energy industry, but there is a big difference between the two on when human society will say goodbye to fossil fuels. Among them, the IEA is "optimistic", while OPEC is relatively "pessimistic", the two considerations, in addition to their own interests, but also the view of energy security. Energy security will be the decisive factor for clean energy to replace fossil energy.

  • Build green hydrogen chemical system

    Hydrogen energy has the dual attributes of energy carrier and industrial raw materials, electric hydrogen collaboration can promote the integration of renewable energy power generation and chemical industry, and then create a green hydrogen chemical system based on renewable energy Green hydrogen chemical industry based on electrohydrogen synergy still has challenges in production process, infrastructure and institutional mechanism Green hydrogen and chemical industry have great potential for collaborative development, and it is necessary to carry out the top-level design of green hydrogen chemical industry with systematic thinking.

  • Chemical production reduction, inventory reduction, cost support

    Weak demand and cost collapse are the two biggest features of the chemical market in the first half of this year. Due to less than expected demand, the profits of most chemicals are greatly discounted, and the pricing logic generally anchors the cost, and the whole chemical industry is in a weak state in the first half of the year.

  • Knowledge of hazardous chemicals

    Hazardous chemicals refer to chemicals that are harmful to the human body with properties such as corrosion and explosion, so how much do you know about Internet sales of hazardous chemicals?

  • 2023 raw material production peak hit

    Since the beginning of this year, with the continued release of new capacity, but the overall demand is less than expected, the domestic chemical industry or face a new round of supply-demand imbalance challenges. And the competition to enter the game, production too fast, become the main cause of overcapacity in the industry. The new production capacity is put into violent raw material production and hit a peak again With the high price of international crude oil, the differentiation of upstream and downstream benefits is increasing, and the increase of oil and gas exploitation benefits is obvious. However, the profits of the downstream chemical industry have declined sharply, and the current new capacity of the domestic chemical industry is still continuing to release, and the production capacity warning signal is constantly transmitted to the market!

  • Special inspection of hazardous chemicals

    Recently, the Anhui Provincial Emergency Management Department and the provincial fire and rescue Corps jointly issued a notice to deploy and launch the first safety special inspection and supervision work of major hazardous chemical source enterprises in the province in 2023.

  • The "Safe Production Month" activity

    This June marks the 22nd National "Safe Production Month". May 31, Hebei Province "safe production month" and "risk prevention, hidden dangers, safety" key industries and key enterprises safe production 100 days competition activity officially launched.

  • Chemical industry scale change development

    The chemical industry has a huge market size, with various categories, complex processes and diversified products. Its sub-industries involve many branches such as oil refining, metallurgy, energy, environment, medicine, coal chemical industry, light industry, etc. Its products are widely used in industry, agriculture, people's life and other fields. According to product characteristics, chemical industry can be divided into basic chemical industry and petroleum and petrochemical two sub-industries. In recent years, the chemical industry has achieved stable operation on the whole, providing a solid guarantee for national energy security and economic and social development. According to the Economic Operation of China's Petroleum and Chemical Industry in 2022 released by China Petroleum and Chemical Industry Federation, the industrial added value of enterprises above designated size in the whole industry increased by 1.2% year-on-year in 2022, 4.1 percentage points lower than that in 2021. According to the Economic Operation Report of China's Petroleum and Chemical Industry in 2021, in 2021, the added value of enterprises above designated size in the petrochemical industry increased by 5.3% over the previous year, and the growth rate was 3.1 percentage points higher than that in 2020. The total operating revenue and profit increased by 30.0% and 126.8% respectively over the previous year; Compared with industries above designated size, the growth rate of revenue and profit was 10.7 percentage points higher and 92.5 percentage points higher, accounting for 11.3% and 13.3% of industries above designated size respectively. In terms of profitability, the industry's revenue profit margin in 2021 was 8.0%, 3.4 percentage points higher than the previous year and 1.2 percentage points higher than that of industries above designated size. The loss of loss-making enterprises decreased by 39.3% over the previous year; The loss of the whole industry was 2.2 percentage points smaller than the previous year.

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