Recently, some countries’ macro management departments predict that the growth rate of the petrochemical industry will slow down in the second half of the year and the overall profitability of the industry will fall from its high point.

The forecast of industrial climate released by the National Bureau of Statistics and other departments shows that in the second half of the year, the situation of cost pressure and resources and energy constraints will remain severe, which will have a great impact on the prosperity of the petrochemical industry. Therefore, the chemical industry's production composite index may continue to decline, and sales revenue of products may continue to grow, but the year-on-year increase may decline. At the same time, due to the relatively small likelihood of a significant increase in price increases, the producer price index increase will narrow, and the total profit indicator may show a slight correction.

The deputy director of the Information and Marketing Department of the Petrochemical Federation, Zhu Sheng, agreed with this judgment. He said that as the petrochemical industry's major downstream industries, the auto industry is currently entering a strategic adjustment period, and the growth rate of auto production and sales this year is expected to be around 5%, which is a significant drop from the growth rate of more than 30% in the previous year. This will greatly affect the market demand for related chemical products.

Chen Guojun, an analyst at Xiangcai Securities Research Institute, believes that in the second half of the year, the chemical industry that originally had the foundation of overcapacity will have an unpredictable outlook. The industry is also facing high inflation, rising raw material prices, and declining demand. The overall profitability of the petrochemical industry for the past half year is not optimistic. In his view, due to rising costs and declining demand, the level of gross profit as a basic chemical industry in the middle reaches will be out of balance. In particular, since the beginning of this year, the growth rate of the three major downstream applications of real estate, automobile, and textile and apparel has shown signs of slowing, and the slowdown in the growth of these three industries will directly lead to a decline in demand for chemicals.