2021 PX Market Hot Spots Analysis
2021 is the first year of the 14th five year plan and also a year of rapid development of China’s PX market. Under the influence of complex internal and external environment such as frequent fluctuations in the oil market and the continuous spread of global epidemic, major events in the p-xylene market occurred frequently during the year. At the same time, with the orderly promotion of new projects, China's PX self-sufficiency was significantly improved.
1. The general idea of the 14th five year plan is to promote the high-quality development of the petrochemical and chemical industry, with "adjusting structure and promoting upgrading" as the main line, so as to promote the supply side structural reform into a new stage. Vigorously implement the innovation driven and green sustainable development strategy, actively cultivate strategic emerging industries, and promote the continuous optimization of industrial structure, product structure, organizational structure and layout structure. According to the principle of "emphasizing quality not quantity", strive to improve the international competitiveness and sustainable development ability of the industry, and promote China to become a powerful country in the petrochemical and chemical industry.
Interpretation: In the implementation measures of the 14th five year plan, the transformation of reducing oil and increasing chemical production in refineries is clarified, the relationship layout among oil products, olefins and aromatics is reasonably balanced, new chemical materials and high-end chemicals are vigorously developed, and the whole downstream industrial chain is extended. In the future, under the blueprint of the 14th five year plan, China's PX industry will continue to show a strong development momentum and form an integrated production chain structure of "raw materials - finished products - downstream".
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