The oil and chemical industry faces an unprecedented test

The impact of the global economic recession triggered by the US financial crisis began to appear at home, and the petroleum and chemical industries, which are the pillar industries of the national economy, have been affected. Since the beginning of October, the shrinking of downstream demand has led to the sharp drop in the prices of almost all petroleum and chemical products, the apparent drop in operating rate of enterprises, and the severe development of the entire industry.

The statistics that the reporter learned from various sources show that since July, more than 90% of petroleum and chemical products prices have fallen more than 20%, and a considerable amount of oil and chemical products prices have been lost. Among them, the market price of glyphosate fell from the highest 100,000 yuan / ton to the current 50,000 yuan / ton; sulfur prices from the highest when the 6300 yuan / ton fell to the current 3800 yuan / ton; diammonium phosphate factory The price fell from 4,500 yuan/ton at the highest to 3,300 yuan/ton; the ex-ammonium phosphate price dropped from 4,100 yuan/ton at the highest to the current 3,000 yuan/ton; the ex-factory price of methanol fell from 4,800 yuan/ton at the highest. To 2400 yuan / ton; DME ex-factory price from the highest when the 6800 yuan / ton fell to 3800 yuan / ton; calcium carbide ex-factory price from the highest when the 4600 yuan / ton fell to 3500 yuan / ton; calcium carbide PVC factory The price fell from the highest at 8,900 yuan/ton to the current 6,500 yuan/ton; the market price of polypropylene and polyethylene fell from about 18,500 yuan/ton at the highest to about 12,000 yuan/ton at present.

What's worse is that with the drop in product prices, volume and downstream demand have also shrunk significantly, the cost and product prices have been increasing indefinitely, and the pressure on the company's inventory has increased and liquidity has been stretched. In order to reduce losses and ease financial pressure, many companies have had to cut production or even stop production. According to the latest survey results of the reporter, the operating rate of alcohol ether enterprises in the country is only 60%. More than half of the small methanol companies and enterprises that rely on outsourcing methanol to produce dimethyl ether have stopped production. Fertilizer companies in Shandong, Shanxi and other places have ceased production in large areas. The operating rate of compound fertilizer companies is only 40%; the operating rate of chlor-alkali enterprises is only about 40%; the operating rate of other chemical sub-sectors is also generally below 70%.

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