OREANDA-NEWS. June 06, 2011. China petroleum and chemical industry association, vice President of June 1, ZhaoJunGui in "2011 conference" in Chinese plastics industry in China in 2010 revealed, petroleum and chemical industry the industry output value reached per trillion yuan, ranks second in the world.

Especially chemical industrial first breakthrough 5.3 trillion yuan, has the world's second biggest in bulk product yield more than 20 world. Already has formed 20 thousand DWT above refinery bases, 5 million tons of ethylene base, to guarantee the national food security, energy security and promote the sustained, rapid and sound development of the national economy has made an important contribution.

ZhaoJunGui says, petroleum and chemical industry is the national economy important energy industry, basic materials industry and pillar industries. "11th five-year plan" period, the industry success to deal with the international financial crisis risk challenge, and other major industrial output, sales income and asset annual growth into double-digit growth in history, is one of the fastest growing the best period. In recent years, more and more petrochemical enterprise started to pay attention to, to understand and learn to use futures, management risk, auxiliary business, through hedging control of production cost of operation, avoid because the price fluctuations could cause damage. At present, the petrochemical industry has initially formed including international and domestic market, tangible and intangible market, retail and wholesale market, spot and futures market and rotational acetabular osteotomy financial derivatives trading, warehouse receipt, type more complete, trading the various forms of modern market system, in order to promote the healthy development of industry has played an important role.

He pointed out that, petrochemical products have economic tech-intensive, energy resources dependence degree is high and the industry chain long and complex traits, such as vulnerable to supply and demand of resources, logistics transport and the influence of political and economic environment changes, especially oil and gas resources into high-cost days later, give full play to petrochemical product futures price and control risk, has become the guiding function of petrochemical enterprise arrange production business activities, prevent market risk one of the important means. Should strengthen the petrochemical industry and futures market communication cooperation to promote petrochemical market system construction onto a new stage.

YangQi prices more than monopoly eerie and, some experts and scholars, and even included officials for anything YuanChang "price behavior". Sure enough, a non-resident electricity prices, experts and the news just issued the official was anxious for "voice, like previous two barrels of oil" defense of electricity price rise as proof, "says neither the rationality to C PI, and thus a direct effect on the transformation of economic structure, improve energy efficiency.