Oil and chemical production increase unabated

According to the latest analysis report from the Information Department of the China Petroleum and Chemical Industry Association, oil and chemical production continued to maintain rapid growth in May, and production and sales were well connected. The sales rate of products reached 98.7%, and the price of more than half of the products steadily increased.
According to statistics, in the 65 key products tracked in May, there were 63 kinds of production growth, accounting for 96.9%. Among them, the percentage increase of more than 10% reached 49 kinds, accounting for 75.4%, the proportion is higher than the first four months of this year.
Agricultural chemicals continued to maintain rapid growth. In May, the country's fertilizer production (refine, the same below) was 5.114 million tons, a year-on-year increase of 13.8%. Among them, 3.629 million tons of nitrogen fertilizer, an increase of 13% (of which 2.13 million tons of urea, an increase of 15.5%); 1.204 million tons of phosphorus fertilizer, an increase of 16.5%; potassium fertilizer 282,000 tons, an increase of 13.1%.
The rapid growth of phosphate fertilizer production has a strong driving effect on the production of sulfuric acid. The country's sulfuric acid production was 4.504 million tons, an increase of 11.6% year-on-year, which was higher than the previous two months. The market for nitric acid and hydrochloric acid was relatively sluggish, and production growth slowed down. Outputs were 135,000 tons and 618,000 tons, respectively, a year-on-year increase of 3.8% and 6% respectively; while production of caustic soda recovered, output was 1.424 million tons, a year-on-year increase of 11.1%. Soda Ash production was 1.377 million tons, a year-on-year increase of 9.3%; calcium carbide production was 1.197 million tons, a record high for a single month, an increase of 19.1% year-on-year.
At the same time, in May, ethylene production was 908,000 tons, an increase of 14.2% year-on-year; pure benzene and methanol production continued to increase substantially, with output of 392,000 tons and 0.756 million tons, respectively, an increase of 27.1% and 31.3% respectively; Slowing down, the output was 355,000 tons, a year-on-year increase of 13.3%; dyes and pigments maintained a stable and rapid growth, with output of 118,000 tons and 162,000 tons, respectively, an increase of 16.7% and 13.8% year-on-year respectively.
In addition, the growth of synthetic materials has accelerated. The output of synthetic resin was 2.774 million tons, a year-on-year increase of 20.7%. Among them, 781,000 tons of PVC, an increase of 17.5%; polyethylene 602,000 tons, an increase of 16.8%; polypropylene 585,000 tons, an increase of 18.5%. The output of synthetic rubber was 218,000 tons, a year-on-year increase of 39.4%. The output of synthetic fibers was 1.875 million tons, a year-on-year increase of 20.9%.
In May, the chemical product market took over the previous trend and continued to show a steady increase. The prices of 151 chemical products that were tracked in an important manner increased by 50.3% and 21.9%, respectively, with prices up and down by a month-on-month, accounting for 27.8%. On a year-on-year basis, rising and falling accounted for 61.6% and 37.1% respectively.
Driven by the rapid growth of downstream industry output, the price of caustic soda continued to rise. The price of 30% diaphragm alkali reached 660 yuan (ton price, the same below), up by 1.5% month-on-month and up by 40% year-on-year; the average price of soda ash was 1,670 yuan, up by 1.2 times month-on-month. %, up 7.7% year-on-year; market price of calcium carbide was 2,580 yuan, up 0.8% month-on-month and up 11.2% year-on-year; liquid chlorine market price was 1,260 yuan, down 3.1% month-on-month and down 31.5% year-on-year.
Driven by strong international market conditions, prices of domestic aromatics such as benzene, toluene, xylene, and styrene rose. Among them, the price of xylene exceeded 9,000 yuan, up 10.1% from the previous month, and up 3.7% year-on-year; the price of pure benzene was 9,480 yuan, which was a slight increase of 0.6% from the previous month and rose 28.5% from the same period of last year; the price of methanol fell to 2,590 yuan, down 7.2% from the previous month, year-on-year. Flat.
Fertilizer market is stable. The average price of urea was 1,800 yuan, a decrease of 1.1% from the previous month and a decrease of 4.3% from the same period of last year. The price of phosphate fertilizer is still high, and the price of diammonium phosphate is 2,570 yuan, up by 0.2% from the previous month and up by 0.8% year-on-year. The price of monoammonium phosphate is 1975 yuan, up by 0.4% from the previous month and up by 3.4% year-on-year. The import of potash was increased due to the rise in shipping prices. The import of potassium chloride was 2,185 yuan, up 0.5% from the previous month and 4% year-on-year.
The price of synthetic resin has risen due to the increase in the price of raw materials and the strong external quotation. PVC prices reached 7330 yuan, up 8.1% month on month and up 12.6% year-on-year; low-pressure polyethylene price was 12,650 yuan, up 3.1% month-on-month, and down 7% year-on-year; polypropylene prices rose slightly to 11,700 yuan, up 0.2% month-on-month. It decreased by 5.3% year-on-year.
Natural rubber enters the peak season of tapping, and new rubber listing will increase the supply of market resources, and prices will continue to fall. In May, the price of SCR5 was 19,920 yuan, a decrease of 10.5% from the previous month and a decrease of 18.7% from the same period of last year. The drop in the price of natural rubber also affected the price of synthetic rubber. The price of styrene butadiene rubber was 15,400 yuan, a decrease of 7.2% from the previous period and a year-on-year decrease of 12%. The price of butadiene rubber was 16,200 yuan, a decrease of 5.5% from the previous period and a year-on-year decrease of 3%.

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