Basic Chemical Industry Weekly Report: The government work report lists the energy consumption intensity target as the main expected target of development in 2022. Phosphorus chemical industry and silicon chemical industry benefit from demand and prices continue to rise_Oriental Fortune Network

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The National Bureau of Statistics announced the manufacturing industry in FebruarySMEs, China Federation of Industry and Commerce announced the chemical industry PMI in February. China’s manufacturing PMI was 50.2% in February (+0.1pcts month-on-month), and the situation of enterprises resuming work and production after the holiday is good, the manufacturing PMI continues to run smoothly in the expansion range, and the prosperity level is slightly There is a pick-up. Specifically, (1) the production index and new order index were 50.4% and 50.7% respectively (-0.5pcts and +1.4pcts month-on-month respectively).Professional setting, automotive and other industries are developing rapidly. (2) The new export order index and import index were 49.0% and 48.6% respectively (+0.6pcts and +1.4pcts month-on-month respectively), and exports improved month-on-month.

(3) The purchasing price index and ex-factory price index of major raw materials were 60.0% and 54.1% respectively (+3.6pcts and +3.2pcts month-on-month). The cost of purchasing raw materials in related industries has continued to increase, and the sales prices of products have risen rapidly. (4) The PMI of large and medium-sized enterprises was 51.8% and 51.4% respectively, and the PMI of small enterprises was 45.1%. The prosperity of enterprises of different scales continued to diverge. The resumption of work and production of small enterprises after the holiday was relatively lagging behind, and the pressure on production and operation was still relatively large.

In February, the PMI of China’s chemical industry (CCPMI) was 46.78% (-3.45pcts month-on-month). During the Spring Break and Winter Olympics, chemical transactions fell. At the same time, there was a case of Omicron variant infection in China, and control was implemented in many places. . From the perspective of the 18 sub-indices, 7 indices rose month-on-month, among which the ex-factory price of the main product increased by more than 10pcts, an increase of 22.08pcts; The declines were 14.29pcts and 11.04pcts respectively, mainly due to the fact that February coincided with the Spring Festival and the Winter Olympics, upstream manufacturers adjusted their production plans, many factories stopped production or reduced their losses, and chemical trading fell. The other seven indices were unchanged from the previous month.

The government work report of the National People’s Congress included the energy intensity target as the main expected target for development in 2022.

The fifth session of the 13th National People’s Congress opened on the morning of the 5th in the Great Hall of the People in Beijing. According to the agenda of the meeting, Premier Li Keqiang, on behalf of the State Council, made a government work report to the Congress, in which the main expected development goals for 2022 were:gross domestic productAn increase of about 5.5%; more than 11 million new urban jobs were created, and the urban surveyed unemployment rate was controlled within 5.5% throughout the year; the consumer price rose by about 3%; the growth of residents’ income was basically synchronized with economic growth;import and exportMaintain stability and improve quality, and the balance of payments is basically balanced; the grain output remains above 1.3 trillion kilograms; the quality of the ecological environment continues to improve, and the discharge of major pollutants continues to decline; the energy consumption intensity target will be assessed as a whole during the “14th Five-Year Plan” period , with appropriate flexibility, and new renewable energy and raw material energy consumption are not included in the total energy consumption control. It is recommended to pay attention to the key forces in the reshaping of China’s chemical industry structure:Wanhua Chemical、Hualu Hengsheng、Yangnong Chemical、Chinese bouldersprivate refining, etc.

Risk warning: the risk that the demand for chemical products does not meet expectations, the internationaloil priceThe risk of a sharp decline, the risk of poor environmental protection implementation

(Article Source:Industrial Securities）

Article source: Industrial Securities

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Original title: Basic Chemical Industry Weekly Report: The government work report lists the energy consumption intensity target as the main expected target of development in 2022. Phosphorus chemical industry and silicon chemical industry benefit from demand and prices continue to rise