In the first quarter, the oil and chemical industries operated well. The output value and main business income increased rapidly, and the profit level increased substantially; market demand was strong, prices rose, and supply and demand were generally stable; import and export trade was active, investment grew rapidly, and the overall industry benefit continued to improve. However, as international oil prices continue to rise, prices of resource products have risen sharply, operating costs of enterprises have risen rapidly, gross profit of refining has fallen, and losses of loss-making enterprises have greatly increased.
The growth rate of output value continued to accelerate in the first quarter. The petroleum and chemical industries started well and the economy continued to grow rapidly. As of the end of March, there were 26,463 large-scale enterprises in the industry (enterprises with a main income of over 20 million yuan), and the cumulative total output value was 2.42 trillion yuan (current price), an increase of 34.3% year-on-year, accounting for 13.62% of the country's total industrial output value. The total sales value of the industry was 2.38 trillion yuan, a year-on-year increase of 34.5%. The output value of the three major sub-industries in the chemical industry, oil refining and oil and gas extraction were 1,379.88 billion yuan, 709.17 billion yuan and 280.35 billion yuan, respectively, an increase of 36.2%, 31.8%, and 31.6% year-on-year, respectively, and accounted for 57.0%, 29.3% of the total industry output value, respectively. 11.6%.
Rapid growth in the output of major products In the first quarter, the output of domestic petroleum and chemical products continued to grow rapidly. Of the 78 (species) key products tracked, more than 92% of the product output increased year-on-year. Among them, 46.2% increased by more than 15%. The growth rate of special equipment for petroleum refining, petroleum drilling equipment, potash fertilizer, monoammonium phosphate, diammonium phosphate, chemical reagents, and ethylene is all above 30%. In the first quarter, oil and natural gas production increased steadily and rapidly. The country’s crude oil production was 51.356 million tons, an increase of 6.7% year-on-year; natural gas production was 27.43 billion cubic meters, an increase of 12.1%; crude oil processing volume was 111 million tons, an increase of 10.2% year-on-year; product oil production (total gasoline, kerosene, and diesel, the same below) was 6549.1 Ten thousand tons, a year-on-year increase of 10%. The overall growth of agrochemicals driven by spring ploughing was strong. The country’s total chemical fertilizer output (refine, the same below) was 14.428 million tons, a year-on-year increase of 6%; and the original pesticide drug (100%) was 632,000 tons, an increase of 17.7%. Ethylene production was 3.984 million tons, a year-on-year increase of 32%. Methanol production was 4.77 million tons, an increase of 24.3%. Sulfuric acid production was 17.428 million tons, an increase of 14.1%. Caustic soda production 5.628 million tons, an increase of 17.7%. Soda ash production was 5.325 million tons, an increase of 0.9%. Synthetic resin 110.05 million tons, an increase of 12.6%. The tire output was 169.873 million pieces, an increase of 6.9%.
In the first quarter of active import and export trade, the total import and export volume of the industry was 136.956 billion U.S. dollars, a record high in the same period of the previous year, an increase of 32% year-on-year. Among them, the total import value was 99.763 billion U.S. dollars, an increase of 32.5% year-on-year; the total export value was 37.193 billion U.S. dollars, an increase of 30.7%. The trade deficit was US$62.569 billion, an increase of 33.5% over the same period last year. The crude oil deficit accounted for 68.9% of the total deficit. Crude oil imports remained high, and natural gas imports grew at a rapid rate. China imported 63.415 million tons of crude oil, an increase of 11.9% year-on-year; imported natural gas 4.187 million tons, an increase of 88.9%; imported organic chemicals 8.135 million tons, an increase of 12.1%.
The steady growth of investment In the first quarter, the investment in fixed assets of the petroleum and chemical industries was 179.503 billion yuan, a year-on-year increase of 17.8%, a slight decrease of 1.1 percentage points from January to February. Among them, the growth rate of investment in the oil refining industry increased by 9.2 percentage points from January to February, reaching 29.3%, the investment amount was 18.785 billion yuan, accounting for 10.5% of the total investment in the industry; the investment in the chemical industry was 126.854 billion yuan, an increase of 19.6% over the previous year, accounting for the entire 70.7% of the total investment in the industry; investment growth in the oil and natural gas exploration industry slowed down significantly, with an investment amount of 27.933 billion yuan, an increase of 5.5%, down 6.5 percentage points from January to February, accounting for 15.6% of the total industry investment.
The slowdown in demand growth In the first quarter, the growth of domestic energy and some of the major chemical product consumption was generally rapid, but it was a slowing trend. The apparent consumption of crude oil was 114 million tons, an increase of 9.5% year-on-year, an increase of 2.2 percentage points from January to February. The apparent consumption of natural gas was 32.39 billion cubic meters, an increase of 21.3%, which was a drop of 4 percentage points from January to February. The apparent consumption of refined oil products was 64.428 million tons, a year-on-year increase of 12.2%, which was a drop of 2 percentage points from January to February; the apparent consumption of ethylene was 4.197 million tons, an increase of 31.1% year-on-year; and the apparent consumption of chemical fertilizer was 13.763 million tons. 4.7%. The apparent consumption of sulfuric acid increased by 11.5% year-on-year, caustic soda by 14.5%, methanol by 23.2%, synthetic resin by 5.9%, synthetic fiber monomer by 7.3%, and tire tires by 4.3%. Compared with the first two months, the consumption of major chemical products increased. Except that the growth rate of very few products, such as methanol, accelerated, the rest fell to varying degrees.
Profit maintained rapid growth. From January to February of this year, the total profit of enterprises above designated size in the industry was 125.855 billion yuan, up 37.5% year-on-year, accounting for 19.5% of the total profits of industrial enterprises above designated size in the same period; the tax paid was 122.727 billion yuan, up 32.9% year-on-year. The main business income was 1.45 trillion yuan, a year-on-year increase of 35.1%. In the first two months, there were 4,017 loss-making enterprises in the industry, an increase of 2.1% year-on-year; the loss amounted to 11.036 billion yuan, an increase of 30.1% year-on-year. The total industry debt was 3.68 trillion yuan, a year-on-year increase of 17.3%, and the debt ratio was 55.5%.
Since the beginning of this year, affected by the fluctuation of international commodity prices, the prices of domestic petroleum and chemical products have generally shown a strong upward trend, and the increase has continued to increase. In March, the ex-factory price index for producers of petroleum and chemical industries was 112.8 points (the price for the same period of the previous year was 100, the same below), up by 3.5 percentage points from the previous month. Among them, the chemical industry price index was 108.8 points, up by 0.6 percentage points month-on-month. In the first quarter, the ex-factory price index for the oil and chemical industries totaled 110.3 points. Overall, the difficulty of downstream product price transmission is increasing. The product sales rate is 98.1%, which is 0.2 percentage point higher than the same period of last year. Among them, the chemical industry production and sales rate of 97.5%, an increase of 0.64 percentage points year-on-year, the industry to maintain smooth production and sales.
Single action double pump principle: Blade is embedded in the groove and can slide freely, when, produced by the rotation of blades to under the action of a centrifugal pump shell, vane pump is a positive displacement pump, the adjacent two blades movement to the bottom with the pump casing and rotor closed minimum volume, when it is the largest, when rotor clockwise, the adjacent two blades experience from the bottom to the top of the process is the volume increase, So oil absorption (from quadrant 4 to quadrant 2); From the top to the bottom is the volume reduction process, so the oil pressure (from the second to the fourth quadrant).
Double-acting double pump principle: when the motor drives the rotor along the rotation, the blade under the dual action of centrifugal force and pressure oil at the bottom of the blade extends outwardly, the top of which is close to the inner surface of the stator. The four blades on the four concentric arcs, the outer surface of the rotor, the inner surface of the stator and the two valve plates respectively form four sealed working oil cavities. The oil chamber with the rotation of the rotor, sealing oil chamber produced from small to large or from large to small changes, can be through the valve plate oil suction window (connected with the oil suction port) or oil discharge window (connected with the oil discharge port) the oil suction or pressure out. In the process of each rotation of the rotor, each working oil chamber to complete two oil suction and pressure, so called double-acting vane pump, because the high and low pressure chamber symmetrical symmetry, axial force balance, for unloading type.
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