Modern coal chemical industry how to deal with the impact of low oil prices

Modern coal chemical industry is the product of high oil price era. However, there are unexpected circumstances, with the international crude oil prices turned down, all the way soared, China has just emerged from the modern coal chemical industry can be described as suffering, miserable. So, modern coal chemical industry how to deal with the impact of low oil prices?

First, to face the impact of oil prices. International crude oil prices since 147 US dollars / barrel appeared cliff down since once dropping to 40 US dollars / barrel below, is still hovering up and down at 50 dollars. Modern coal chemical industry, many of the breakeven point corresponds to the international crude oil prices in 70 US dollars / barrel, and in the current 50 US dollars / barrel market environment, the modern coal chemical industry is facing a general loss situation.

According to the author understands that the domestic production of several coal-based natural gas demonstration project costs remain high, loss of shadow accompanied, there is no one corporate profit; coal oil project if there is no national consumption tax policy support, must also be a comprehensive loss ; Coal-based ethylene glycol project leading enterprises Danhua company continuous losses, other companies are more loss and less profit, and some are still at the bottom of the loss; coal olefins in addition to a small number of complete industrial chain enterprises, the project is the majority of losses; coal Fertilizer projects due to full capacity surplus, a large area of ​​natural loss is inevitable.

Perhaps some coal chemical companies hope that the international crude oil prices to pick up and improve the market, some companies blindly optimistic that the next three to five years, the international crude oil prices will return to 70 US dollars / barrel above. But the practice has repeatedly told us that long-term energy price forecast has never been allowed, if the fate of enterprises hope in the next few years the international crude oil price forecast is extremely dangerous and unreliable.

Second, to find a response to the policy. In the face of the huge challenges posed by international crude oil prices to the coal chemical industry and the uncertainty of international crude oil prices, coal chemical companies must lose their fantasy, based on the current 50 US dollars / barrel of international crude oil prices in reality even worse market environment Cost reduction, increase the amount of savings, tapping the potential transformation and innovation and development, in order to change the project break-even point, completely reverse the modern coal chemical industry a comprehensive loss of the passive situation.

In fact, according to my understanding, many coal chemical demonstration projects through efforts, has or is changing the status quo. For example, in the same market environment, some coal-to-olefins enterprises through the whole industry chain in all aspects of the “intensive” in the main product production capacity to make a fuss, in the by-product of the deep processing efforts, product cost has been effectively controlled, To achieve a profit; some coal-based ethylene glycol enterprises by improving product quality, so that products are recognized by the downstream business, the full release of production capacity has also realized a turnaround; some coal chemical enterprises in the demonstration upgrade to start an article, For example, some coal-to-olefins project began to use the “one-step” advanced technology and technology from syngas to olefins, which can significantly reduce product costs, reduce consumption and achieve profitability; some coal-based natural gas companies consider adding peak peaking devices To achieve multi-channel sales of products to expand the market to fully release the purpose of production capacity.

If the coal chemical industry to achieve international crude oil based on 50 US dollars / barrel price break even profit, such enterprises will be in the future market in an invincible position.

Modern coal chemical industry is the country to encourage the development of new industries, is still in the industrial demonstration stage, in the initial stage of development that encountered the international oil price sniper, the situation is difficult. On the one hand, the state is introducing relevant policies to support, as soon as the introduction of coal fuel consumption tax five years free preferential policies, I believe will continue to introduce new support policies; the other hand, coal chemical enterprises should be in accordance with the concept of circular economy, To promote the modern coal chemical industry and coal mining, power, petrochemical, chemical fiber, salt chemical industry, metallurgical building materials and other industries integration development, extend the industrial chain, expand industrial clusters, improve resource conversion efficiency and Industrial competitiveness.

As long as the national, local and enterprise three levels of common force, modern coal chemical industry will be able to withstand the impact of low oil prices, ushered in the spring of the spring.