Pessimistic 2014 forecasts for the petrochemical industry
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This post was last edited by zhai*aoh on 2014-2-16 08:19. The year 2013 is coming to an end. What was the trend in the petrochemical industry in 2014? Let’s all talk about it. Personal prediction: 1. Investment in new refining projects will slow down, with a large number of coal-to-oil projects coming to a halt ； 2. The anti-corruption campaign continues to sweep through, with more **exposures ； 3. Refining companies continue to make profits, while the petrochemical equipment manufacturing industry faces greater difficulties. According to the latest industry estimates, CNPC and Sinopec will reduce their planned investments by 250 billion and 100 billion respectively, accounting for 62.5% and 40% of their original plans (which were 400 billion and 250 billion respectively). As a manufacturer of professional equipment, I’m afraid I’ll find life very stressful if I don’t change careers.
Follow me; I work on heating furnaces for equipment. Follow to join the discussions – things aren’t easy these days
I work in the field of pressure vessels, and it’s really tough to deal with such cold treatment these days.
Fellow professionals! The current situation is that during bidding, it’s almost a fight among themselves. Competing on price leads to total financial loss.
We manufacture chemical equipment made of graphite. Thanks to years of hard work, we now have a stable customer base, and things are going fairly well for us. Looking at the current market situation, it’s indeed a bit difficult to acquire new customers, as they have no idea about the differences in product quality and after-sales service provided by different suppliers. Look at some of our competitors – their situation is terrible; they can’t get enough supply and are practically operating at half capacity.
I work with pressure vessels, and it’s really tough to deal with such low demand these days; the jobs I get are difficult and don’t pay much