The overall recovery of the industry in February

According to the latest data provided by the China Petroleum and Chemical Industry Association, the domestic oil and chemical production continued to grow rapidly with the new and expansion capacity in succession in 2006. At the same time, after the market continued to decline for several months, the overall recovery in February showed momentum.

In the first two months, 65 (categories) of petroleum and chemical products that were tracked by the focus, there were 54 types of production, which accounted for 83.1% of the increase over the same period of last year, of which 33 were increased by more than 10%, accounting for 50.8%. Natural gas, fertilizers, pesticides, important basic chemical raw materials, synthetic resins and other products have grown rapidly, while some products such as synthetic fiber, kerosene, fuel oil, and photographic film have decreased compared with the same period of last year.

Due to various factors, international oil prices continue to fluctuate at high levels. The price of domestic chemical products showed signs of recovery after a few consecutive months of continuous downturn. The price of most products rebounded in February from January. In February, the prices of 155 chemical products tracked in focus increased from January to January, accounting for 51.9%, and there were 56 and 18 types of declines and flats respectively, accounting for 36.4% and 11.6%, respectively; compared with the same period of last year. Of the total, 61 were rising, accounting for 39.6%, and 72 were decreasing, accounting for 46.8%, which exceeded the rising ratio. From the perspective of each product, the prices of inorganic chemical products are still relatively low, and the overall decline has barely stopped. With the increase in the capacity of organic chemical raw materials at home and abroad, many product prices also showed a downward trend. With the approaching of spring plowing, the demand for domestic fertilizer market is gradually picking up, and prices have generally risen. The market price of synthetic resin and rubber products generally rose. The natural rubber market is gaining an alarming trend and the price of synthetic rubber is also generally rising. According to relevant sources from the China Petroleum and Chemical Industry Association, statistical data can tell: First, the current market conditions are unstable, prices fluctuated more and more; second, the overall performance of the price level is poor, and many product prices are lower than the same period of last year; The price in February was significantly higher than that in January.

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