Sichuan Oil

He was 92. 5% in Inner Mongolia, 40.8% in Henan province, 66.4% in Hebei, 54.9% in Sichuan and 75. 4% in Guizhou. Excessively rapid investment growth, which continued over the next five years, stepped up pressure on energy and raw material resources, as well as on the environment in this regard in some sectors may have excess capacity. (2) sectors, following the technological chain, it is difficult withstand the soaring prices of crude oil is estimated refineries made on the basis of the current selling price for oil products in China, limiting the price of crude oil, that also allows for profitability of refining crude oil price is a US $ 65 per barrel. Any excess of this limit in crude oil prices immediately increase the loss of processing plants.

In private enterprises are usually incomplete portfolio products. Faced with irrationally high prices for oil, they usually can not operate only at the expense of oil refining. High oil prices also increased production costs lower in the processing chain for a range of chemical products, particularly for producers PE, PVC and PP. In previous years, the market prices of synthetic resins, synthetic fibers and synthetic rubbers are practically followed crude oil prices. In the first half of 2007, however, a new phenomenon in the pricing of synthetic materials. With rising prices for crude oil in world market prices for synthetic materials the domestic market initially fell and then began to rise slowly. Since export discount for the products of intermediate production is canceled, decreased demand for goods produced by lower technological chain, and this has had a chilling effect on the price increase for synthetic materials.

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