According to the data published on the website of the Ministry of Industry and Information Technology, in 2022, the economic operation of the petrochemical industry (excluding oil and gas exploitation) will be stable as a whole.

    1. Production has declined. According to the data of the National Bureau of Statistics, in 2022, the capacity utilization rate of chemical raw materials and chemical products manufacturing industry was 76.7%, down 1.4 percentage points year-on-year, 1.1 percentage points higher than the industrial average.

    Among the key products, crude oil processing volume was 680 million tons, down 3.4% year on year; The output of bulk raw materials such as caustic soda, soda ash, sulfuric acid and ethylene increased by 1.4%, 0.3%, - 0.5% and - 1% respectively year on year; The output of synthetic materials such as synthetic resin, synthetic rubber and synthetic fiber polymer increased by 1.5%, - 5.7% and - 1.5% respectively year on year; Tire production decreased by 5% year on year; The total amount of chemical fertilizer (converted to pure) increased by 1.2% year on year.

    2. The price is high and volatile. According to the National Bureau of Statistics, in 2022, the ex-factory price index of chemical raw materials and chemical products manufacturing industry increased by 7.7% year on year.

Among the 30 key products, the average price of 18 products increased year on year in 2022, accounting for about 60%, among which the prices of caustic soda, potassium chloride and toluene increased by 58%, 38% and 33% year on year; In December, the price rise slowed down, and the monthly average price fell by 19, accounting for about 63%, of which sulfuric acid, hydrochloric acid and MDI fell by 18%, 17% and 10%.

    3. The growth of investment and export is good. According to the data of the National Bureau of Statistics, in 2022, the investment in chemical raw materials and chemical products manufacturing industry increased by 19% year-on-year, 7.4 percentage points higher than the industrial average.

    According to the data of the General Administration of Customs, the trade structure continued to improve, with the total export of organic chemicals reaching 80.7 billion US dollars, up 17% year on year, and the trade surplus reaching 29 billion US dollars, up 216% year on year; The total export of inorganic chemicals was 39.4 billion US dollars, up 68% year on year, and the trade surplus was 13.5 billion US dollars, up 57% year on year; The total export of synthetic resin was US $25 billion, up 4% year on year, and the trade deficit was US $24.9 billion, down 22% year on year.