“The first half of the year, China’s oil and chemical industry to maintain a good overall economic performance, the overall performance of the recovery of recovery, economic growth momentum, exports to achieve rapid growth and market consumption to improve the four characteristics.” This is the reporter on August 15 The news of the press conference on the crossroads of the 16th cross – strait petrochemical technology exchange.

            According to Zeng Jian, executive vice secretary of the Party Committee of China Petroleum and Chemical Industry Association, as of the end of June, the oil and chemical industry 28998 above-scale enterprises accumulated business income of 7.23 trillion yuan, an increase of 17.7%; total profit of 432.39 billion yuan, An increase of 50.3%. In the first half of the year, the total import and export trade of the whole industry was 281.81 billion US dollars, up 25.0 percent, of which exports reached US $ 90.63 billion, an increase of 10.4 percent. From January to June, the main profit margins for the oil and chemical industry were 5.98%, up 1.30% year on year.

            As an important branch of the chemical industry, nitrogen and phosphorus compound fertilizer also showed a warm trend. According to the Secretary-General of the Phosphorus Compound Fertilizer Industry Association, Li Guang earlier introduced, Since the resumption of VAT, China phosphate fertilizer yield declined year by year, price fluctuations in the reasonable range, benefit the bottom rebound. 1 to 5 months production of 6.533 million tons (pure), down 6.6%; the same period the main profit margin of 3.7%, up 0.1%.

            For the first half of the operation of the nitrogen fertilizer industry, according to the nitrogen fertilizer industry association secretary-general Wang Liqing introduced: 55% loss compared to last year’s business, this year January ~ May fell to 40%. Losses of loss-making enterprises amounted to 3.84 billion yuan, down 35.7% year on year. Wang Liqing also pointed out that overcapacity is still the main problem plagued the industry, urea excess of about 15%, which is the main reason for the lower operating rate. According to the association statistics, this year the operating rate was 58.43%, down 10.1%.The nitrogen supply decreased, January to May in the national synthetic ammonia production was 23 million 743 thousand tons, down 10.8%; nitrogen fertilizer production was 16 million 233 thousand tons, down 11%, urea production of 22 million 805 thousand tons, reducing 19%. in addition, nitrogenous fertilizer industry export competitiveness decreased significantly, anuary to May, total exports of 2 million 121 thousand tons of nitrogen fertilizer, down 29.1%; export 2 million 145 thousand tons of urea, fell more than 50%. the average price of urea was 1548 yuan, an increase of 21%. Wang Liqing believes that from the first half of this year, the nitrogen fertilizer industry to get rid of the unfavorable situation for 3 consecutive years of substantial losses.