Cultivate and expand strategic emerging industries
At the end of the “Twelfth Five-Year Planâ€, the chemical industry should increase the rate of fine chemicals to more than 45%. This will echo with the rise of a number of domestic strategic emerging industries.
The “12th Five-Year Development Guide for Petroleum and Chemical Industry†(hereinafter referred to as the “Guideâ€) has been published, and for the first time puts forward the cultivation and expansion of strategic emerging industries as the main tasks, and proposes to form a batch of products by the end of the “Twelfth Five-Year Plan†period. Strategic emerging industries are the dominant growth point, raising the rate of fine and specialty chemicals to more than 45%. New materials for chemical industry, high-end specialty chemicals, biomass energy, bio-chemicals, and bio-based polymer materials have all been included in the "Guidelines".
A closer look at the key figures for the chemical industry from the “10th Five-Year Plan†to “Eleventh Five-Year Plan†will reveal a strange phenomenon: The growth rate of chemical sales revenue and output value in the “Eleventh Five-Year Plan†is greater than that of the “Tenth Five-Year Planâ€, but the profit growth is far Less than "fifteen". The data shows that the average annual growth rate of profits for the “Eleventh Five-Year Plan†is much lower than the level of 23.4% for the “Tenth Five-Year Planâ€, and the accumulated growth of 86% is even less than half of the 185.6% of the “Tenth Five-Year Planâ€. The reporter also noted that during the “11th Five-Year Plan†period, the special chemicals industry covering functional materials such as automotive chemicals, electronics, and information chemicals was the most profitable in the entire chemical industry. A set of data shows that after the "Eleventh Five-Year Plan" structural adjustment, the proportion of special chemical products in the chemical industry in 2010 has increased significantly by 7 percentage points.
It is said that the high value-added specialty chemicals industry has increased its proportion in the chemical industry, and the overall profitability of the chemical industry should be increased. Why is the statistical result just the opposite? According to industry insiders, this has exposed the structural problems in the chemical industry: the proportion of fines is still low.
This view also confirms the analysis of the "Eleventh Five-Year" industrial structure in the "Guidelines": On the one hand, the total capacity of traditional bulk chemical products in China has clearly exceeded the demand in the domestic market; on the other hand, there is a serious shortage of high-end chemical products, and the degree of import dependency is very high. High, some high-tech products are still blank. Taking the three major synthetic materials as an example, in 2010, China imported 31.21 million tons of organic chemicals, imported synthetic resin 30.69 million tons, and imported synthetic fiber monomer 14.39 million tons, all hitting record highs. At present, self-sufficiency of domestic engineering plastics with higher profits is only 30% to 40%.
In the national "Twelfth Five-Year Plan", the cultivation and development of strategic emerging industries have been taken as the direction of industrial restructuring. The development of strategic emerging industries requires a large number of fine chemical products to be matched. This will give a great boost to the refinement of chemical refinement. The 45% fine rate achieved in the “Twelfth Five-Year Plan†means that the grade of the chemical industry will be greatly improved—many insiders are so optimistic.
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