Huge Pressure from Energy Supply and Overheated Investment-- analysis of China's Petrochemical

• 出 处: China Chemical Reporter
• 发表日期: 2007年31期
• 关键词: downstream consuming surplus decided crude assets boosting petroleum thousand co

The economic performance of China’s petroleum and chemical industry is comprehensively decided by four major factors now: a. economy grows rapidly, boosting consumption demand; b. supply of energy and products consuming resources tends to be tighter; c. global crude oil price will continue to stay high, driving the production cost of its downstream products; d. the overly rapid increase of investment in fixed assets is difficult to control, so more and more products will face surplus production capacity.

The economic performance of China’s petroleum and chemical industry is comprehensively decided by four major factors now: a. Economy grows rapidly, boosting consumption demand; b. Supply of energy and products consuming resources tends to be tighter; c. Global crude oil price will continue to stay high, driving the production cost of its downstream products; d. the overly rapid increase of investment in fixed assets is difficult to control, so more and more products will face surplus production capacity.