At present, more than 70% of the chemical products are low value-added products, but also a serious excess capacity, then what is a high value-added products, please god,
Analysis of chemical industry product price is not easy, it is difficult largely because of "intermediate" (referring to the petrochemical industry chain is located in the middle part of the product, the product is just a chemical raw material, no other use value.) Existence. In view of the lack of "intermediate" petrochemical trading in the spot market, "intermediate" prices often by the manufacturer according to the cost and profit of processing enterprise price formation, and the buyer can only passively accept, this is the so-called price monopoly.
The status and role of petroleum and petrochemical industry is an important basic industry, which provides energy and basic raw materials for the operation of the national economy. The crude oil is located in the source of the petrochemical industry chain, a large proportion of the world's energy consumption. As in 2004, around 32% in Europe and Asia, the Middle East up to about 53% in central and South America, about Africa, about 41%, about $40% in North america. 2008, global consumption of crude oil is about 86 million barrels per day.
In the petrochemical industry chain upstream enterprises, due to the size of the investment and has this feature. In addition, for most petrochemical "intermediate", China's import dependence is often higher than 30%, which led to the price in the international market has a great impact on China's price, sometimes even decisive. Closer to the top of the industrial chain, the impact is more obvious.
