Straight Barbell Bar ,Straight Weight Bar,Barbell Straight Bar,Standard Straight Bar Nantong Detian Fitness Equipment Co.,Ltd , https://www.detianfitnessequipment.com
The so-called "intake-type inflation" refers to the fact that in an open economic society, due to the close relationship between the domestic and international markets, when the prices of foreign goods or factors of production rise, they will be transmitted to the country through the transmission channels of domestic and international markets. The phenomenon of general and sustained price increases in China.
Then, does the rise in the price of imported products become the main reason for the rise in prices of domestic chemical products? How does imported products affect the prices of domestic products? How should domestic companies respond? Reporter conducted an interview.
The higher the degree of external dependence on the price increase of products, the reporter learned from the General Administration of Customs data show that in the first half of this year, the domestic oil and chemical industry imports reached 150.61 billion US dollars, an increase of 50% over the same period last year. The increase in the total volume of imported products during the same period was not significant, and the increase in the total amount was mainly due to the increase in the prices of imported products. From the perspective of imports, the import prices of all petroleum and chemical products in the first half of this year have risen to varying degrees. The greater the import volume and the greater the degree of dependence on foreign products, the greater the price increase.
China imported 90.537 million tons of crude oil in the first half of the year, with an external dependence of nearly 50%, and an average import price of 714.8 US dollars per ton, while the average price per ton of imports in the first half of last year was 428.4 US dollars. The unit price rose by 66%. .9%.
The import volume of fuel oil was 11.915 million tons in the first half of the year, and the foreign dependence was 44%. The average import price per ton was 527.5 USD, while the average import price per ton was 338.8 dollars in the first half of last year, and the unit price rose 55 .7%.
Inorganic chemicals, including high-end specialty chemicals, are also highly dependent on foreign countries. In the first half of the year, the inflow was 4.437 million tons, and the average price per ton was 946.5 US dollars. The average price per ton for the first half of last year was At $609.4, the unit price rose 35.6%.
In the first half of the year, the import volume of synthetic resin was 11.748 million tons, and the foreign dependence was nearly 40%. The average price per ton was 1494.8 US dollars. In the first half of last year, the average price per ton of imports was 1278.6 US$/ton, and the unit price rose by 17 %.
In the first half of the year, the import volume of synthetic rubber was 869 thousand tons, and the foreign dependence rate reached 42%. The average price per ton was 2370.7 US dollars. In the first half of last year, the average import price per ton was 1797.1 US dollars and the unit price rose by 32%.
In the first half of the year, the import volume of potassium chloride was 2.366 million tons, and the foreign dependence was about 70%. The average price per ton was 387.7 dollars. The average import price per ton was 224 dollars in the first half of last year, and the unit price rose by 73.1%. .
What's more, the import volume of sulphur in the first half of the year was 4.638 million tons, and the foreign dependence was about 90%. The average price per ton was 488.8 dollars per ton. In the first half of last year, the average import price was 86.6 dollars per ton. The unit price rose by 464.4%.
The import volume of the above-mentioned several bulk products accounted for about 70% of the total domestic petroleum and chemical product imports. The share of these products in the domestic market is as high as 40%-90%. In the first half of this year, imports of petroleum and chemical products accounted for about one-third of the industry's total output value. Therefore, the sharp rise in the price of imported products has largely affected the changes in the prices of domestic chemical products. Imported products have become an important promoter of price increases in domestic chemical products.
Feng Shiliang, deputy secretary-general of the China Petroleum and Chemical Association and director of the market information department, told reporters that the overall price of petroleum and chemical products in the first half of the year increased by about 15% from the same period last year. Due to the high degree of foreign dependence, the increase in the prices of related products in the international market can be transmitted to domestic markets through imported products. Therefore, the sharp increase in the prices of domestic petroleum and chemical products since the beginning of this year was mainly caused by the increase in the prices of imported products. The most important influencing factor is the soaring of international crude oil prices. As China's largest importer of goods and the main raw material for the petrochemical industry, the rise in international crude oil prices has a decisive influence on domestic petrochemical product prices. As the price of crude oil rose, the import prices of synthetic resin and synthetic rubber using crude oil as the raw material rose sharply. Some domestic bulk chemical raw material products that rely on imports, such as sulfur and potassium salts, also rose sharply to varying degrees. At the same time, due to the factors of energy parity, domestic coal prices also rose rapidly. This led to a general upward trend in the market price of products throughout the industry.
The petrochemical industry is one of the industries in which international inflation has the greatest impact on domestic transmission. Some experts believe that at present, the international economy is in a period of high inflation, and the price of energy and resources needed for China’s economic development has increased too much, and this price increase is It is imported into the country.
A report released by Morgan Stanley in June showed that of the 190 countries surveyed, 50 are experiencing double-digit inflation. The rise in the prices of primary products in the international market has also led to an increase in global inflationary pressures and a huge pressure on input-type inflation in China. The petroleum and chemical industry is the pillar industry of China's national economy, and for many years in the foreign trade, the petroleum and chemical industries are in a state of greater deficit in imports than out. Therefore, one of the industries that have the greatest impact on the domestic transmission of inflation from the international community is the oil and chemical industry.
Take crude oil as an example. Since the beginning of this year, international crude oil prices have reached record highs. New York WTI crude oil (futures) prices have exceeded US$110/barrel, US$120/barrel, US$130/barrel, US$140/barrel, and once rose to US$147/ton. The historical high of the barrel. In June, the average (in stock) price of WT crude oil in New York reached US$131.59/barrel, up 99% from the same period of last year. Although international crude oil prices have fallen back, they are still operating at a high level of about 120 US dollars. Half of the crude oil consumed in China depends on imports. Under this circumstance, this year's rise in international crude oil prices has directly led to an increase in the prices of China's petrochemical products, including gasoline, diesel, fertilizers, plastics, and synthetic rubber. The increase in prices of chemical fertilizers and diesel will inevitably lead to the increase in the prices of agricultural products. The increase in oil prices will directly lead to an increase in electricity prices and freight rates. This further led to rising domestic prices. Due to the factors of energy parity, domestic coal prices also rose sharply. In the total output value of China's petroleum and chemical industries, the output value of crude oil and coal as raw materials accounts for more than 80%. This will inevitably push the prices of all products in the industry to rise.
Light want to do "setter" will only cause cost indigestion In general, to digest the rising prices of imported raw materials products, only correspondingly increase the price of petrochemical products, Shun price sales, in order to maintain the production of domestic enterprises, to ensure that the company's profit,. However, in reality, due to the overall oversupply of downstream products in the petroleum and chemical industries, and the country's policy of price control on some important products, price transmission will not be very smooth, and a large part needs enterprises to self-digest. This can be seen from past statistics. For example, from January to May of this year, the price of crude oil rose by 34%, the price of petroleum processing products rose by 13.7%, and the price increase of composite materials was only 5.3%; the price of sulfur rose by 157.2%, and the price of sulfuric acid rose. It is 37%, while the price of phosphate fertilizers only increases by 23%.
From the upstream 34% increase, to the downstream 5.3% increase; from the upper 157.2% increase, to the lower 23% increase, we can see that the price transmission process is the chemical industry self-digestion process.
Therefore, under the circumstances that the industry’s external dependence is so high, in response to the current increase in the prices of imported products, companies cannot rely solely on conveying price increases downstream to solve problems, and must work hard to achieve technological innovation and industrial upgrading. Energy-saving and emission reduction enhances our ability to digest upstream raw material prices.
How to deal with the current rising prices of imported products? Industry experts put forward many specific ideas.
First, we must further increase the intensity of product structure adjustments. Recently, the Dow Chemical Company US$18.8 billion invested heavily in Rohm and Haas Company, which indicates a new trend in the development of international chemical industry: Large foreign chemical companies are gradually phasing out the role of the world’s leading suppliers of basic chemicals, and are fully committed to high-end Special chemicals production. However, domestic companies are still investing in the fields of energy-intensive basic chemicals to increase investment, fight output, and fight energy. Under the current situation of increasing energy and resource costs both at home and abroad, it is difficult to absorb the sharp rise in the cost of imported products without adjusting the structure.
The second is to really harden the task of saving energy and reducing consumption. Recently, the country has substantially raised the consumption tax on large-displacement vehicles. It can be said that it has introduced a hard measure in energy-saving and emission reduction. High consumption has always been the weakness of domestic enterprises, especially chemical companies. Our energy consumption and material consumption per unit of GDP or unit product are much higher than those of advanced foreign companies. Therefore, we must increase energy-saving and emission-reduction efforts and reduce the consumption of energy and resources through technological innovation and the development of circular economy.
In addition, domestic companies must strengthen their bargaining power and pricing power in the international market. We are big buyers in the international energy and resources market, but we have little pricing power. If you want to change this situation as soon as possible, you need to find a solution in many ways. For example, it actively participates in the trading operations of the international futures market, and locks in some long-term prices; for example, it can come out through industry associations or in the form of industry associations to negotiate collectively with sellers; avoiding individual wars and placing orders under pressure.
According to the State General Administration of Customs, in the first half of the year, the prices of domestic oil and chemical products that were imported from foreign countries generally rose by 60%-70%, and some even rose several times. At the same time, a new term—input-type inflation has begun to attract industry attention.