At the Asia Petrochemical Technology Conference held in Tianjin yesterday, Li Yongwu, president of the China Petroleum and Chemical Industry Federation, said that China’s petroleum and chemical industries have developed rapidly during the “11th Five-Year Plan†period, and the output of various petrochemical products ranks among the top in the world. 2010 In the whole industry, the total output value reached 8.88 trillion yuan. By the end of the "Twelfth Five-Year Plan," this figure is expected to increase to 15 trillion yuan.
Ping An Securities Investment Consultant Huang Tingyi: The growth of the petrochemical industry in the first quarter of this year was relatively clear. The petrochemical industry maintained a relatively high growth rate as the growth rate of net profit in many industries slowed down in the first quarter. During the period of the 12th Five-Year Plan period, the structural adjustment of the petrochemical industry is imperative, and basic chemical industry will have greater development. In addition, low-end petrochemical products will be phased out gradually, and the profitability of petrochemical companies that can produce high-value-added petrochemical products and have key core technologies will open, and the related stocks include Binhua Chemicals. There are also investors who need to pay attention to the sub-sectors under the petrochemical industry, such as e-chemical concept stocks, and there will be greater investment opportunities.
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