Li Shousheng: Global energy and fertilizer shortages bring opportunities for the industry
June 12, 2024, 9:21 AM
Agricultural Resources Herald
1150
Li Shousheng: Global energy and fertilizer shortages bring opportunities for the industry.
In the first half of this year, under the severe situation of intensifying downward pressure on the macro economy, the petrochemical industry and the oil and gas industry still achieved good results in stabilizing and rebounding under the severe situation of the severe downward pressure on the macro economy and the strong control of the central macro policies. The five central SOEs have all achieved unexpected operating results, and both main business income and realized profits have created new levels.
But we are also fully aware of the severity and uncertainty of the macroeconomic situation in the second half of this year and next year. Against the backdrop of a continued global economic downturn and a possible recession, and in the context of high global inflation and intensified financial risks, China's economy and the development of its petroleum and chemical industries are all facing enormous challenges.
In the second half of the year, a firm guiding ideology for the economic operation of the entire industry is to comprehensively, earnestly and creatively implement the central policy of "seeking progress while maintaining stability". Consolidate the "stable" foundation. Focus on the three key tasks of building resilience of the supply chain, efficient management of the capital chain and improving the level of intrinsic safety; the second is to make every effort to enhance the advantage of "advancing". Focus on grasping the major opportunities arising from the shortage of energy and chemical fertilizers in the world; focusing on grasping the major opportunities for the demand for supporting chemical products such as automobiles, electronics, and infrastructure supported by the domestic macroeconomic; Focus on grasping the major opportunities for major restructuring and adjustment of the industrial structure in the international and domestic "dual circulation", and make every effort to promote the "advancement".
Among the opportunities of global energy and fertilizer shortages, this winter and next spring are a major opportunity period. This winter, Europe will usher in the coldest winter, and the global fertilizer market will be in a tight situation of "high price and shortage of goods". my country is precisely a country with advantages in oil refining capacity and chemical fertilizer (mainly nitrogen fertilizer and phosphate fertilizer) capacity. Can we seize this opportunity, make some policy adjustments, do some good deeds, and do some “support others and develop ourselves” We think it has great potential and can make a lot of difference. To do these things well, we need to rely on our wisdom, experience and vision.
But we are also fully aware of the severity and uncertainty of the macroeconomic situation in the second half of this year and next year. Against the backdrop of a continued global economic downturn and a possible recession, and in the context of high global inflation and intensified financial risks, China's economy and the development of its petroleum and chemical industries are all facing enormous challenges.
In the second half of the year, a firm guiding ideology for the economic operation of the entire industry is to comprehensively, earnestly and creatively implement the central policy of "seeking progress while maintaining stability". Consolidate the "stable" foundation. Focus on the three key tasks of building resilience of the supply chain, efficient management of the capital chain and improving the level of intrinsic safety; the second is to make every effort to enhance the advantage of "advancing". Focus on grasping the major opportunities arising from the shortage of energy and chemical fertilizers in the world; focusing on grasping the major opportunities for the demand for supporting chemical products such as automobiles, electronics, and infrastructure supported by the domestic macroeconomic; Focus on grasping the major opportunities for major restructuring and adjustment of the industrial structure in the international and domestic "dual circulation", and make every effort to promote the "advancement".
Among the opportunities of global energy and fertilizer shortages, this winter and next spring are a major opportunity period. This winter, Europe will usher in the coldest winter, and the global fertilizer market will be in a tight situation of "high price and shortage of goods". my country is precisely a country with advantages in oil refining capacity and chemical fertilizer (mainly nitrogen fertilizer and phosphate fertilizer) capacity. Can we seize this opportunity, make some policy adjustments, do some good deeds, and do some “support others and develop ourselves” We think it has great potential and can make a lot of difference. To do these things well, we need to rely on our wisdom, experience and vision.
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM