According to relevant data, in the first quarter of 2011, China's petrochemical industry product sales revenue was approximately 1,095.87 billion yuan, an increase of 30.5% year-on-year, an increase of 18.3%; total profit was approximately 126.23 billion yuan, an increase of 19% year-on-year and an increase of 33.4%. Zhou Xiujie, a researcher in the energy industry at China Investment Advisors, pointed out that due to factors such as relatively strong downstream demand and increased product prices, the sales revenue and total profit of China's petrochemical industry have increased in the first quarter of this year. But now the development level of China's petrochemical industry is relatively lagging, and the cost control ability of related companies is not strong. At present, the rising trend of international crude oil prices is obvious. It is expected that the further development of China's petrochemical industry will face more severe challenges in the future. The "Investment Analysis and Forecast Report of China's Petrochemical Industry 2010-2015" issued by the China Investment Advisor shows that although China has now become the world's largest chemical producer, China's petrochemical industry still has prominent structural contradictions and high-end products. There are few issues such as less significant backward production capacity, low level of industrial intensification, heavy energy saving and emission reduction tasks, and overcapacity of most products. Compared with developed countries, China's petrochemical industry is still large and not strong. Zhou Xiujie pointed out that due to the relatively weak cost control capability of China's petrochemical industry, and the high degree of foreign dependence on China's oil, and the current international crude oil price volatility, this will increase the cost of production of China's petrochemical products and thus increase the related companies’ Cost pressure. According to relevant data, on April 21st, London Brent crude oil futures price was 123.99 US dollars / barrel, New York WTI crude oil futures price 112.29 US dollars / barrel. Zhang Yulin, research director of China Investment Consulting Co., Ltd. pointed out that in recent years, China's petrochemical industry has experienced frequent international trade frictions, which will also have an impact on the development of China's petrochemical industry. According to relevant statistics, from 1979 to 2008, a total of 287 chemical remediation investigation cases initiated by the world against China involved 287 chemical products, accounting for approximately 24.8% of the total number of global trade remedies against China; and between 2009 and 2010, There were 183 cases of "two counter-two guarantees" initiated by the world and 28 cases involving chemical products. Health Medicine Production Workshop Health Medicine Workshop
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