石油石化行业回暖强势显现

Oil And Petrochemical Industry Shows Strength

2017年整体全球经济复苏较为强劲,带动全球原油需求表现好于预期,三大机构普遍上调需求预期:OPEC预计2017年全球原油需求增长1.53百万桶/日;EIA预测2017年OPEC产量为32.5百万桶/日;IEA维持对2017年全球石油日需求增长的预测不变,仍为每日150万桶,增幅为1.6%。2017年全球炼厂开工率的提升,带动了其对上游原料原油的需求,推动了去库存进程。化工方面,前3年投资滞后和低油价助推了本轮石化周期回升,板块效益持续向好,产业格局顺势转变。

The overall global economic recovery in 2017 was stronger, driving global oil demand better than expected, and the three major institutions generally raised their demand expectations. OPEC expects global oil demand to increase by 1.53 million barrels a day in 2017. The EIA forecasts OPEC output of 32.5 million barrels per day in 2017. The IEA's forecast for global oil demand growth for 2017 remains unchanged at 1.5 million barrels a day, up 1.6%. In 2017, the increase of the global refinery construction rate has driven the demand for upstream raw crude oil, which has driven the inventory process. In the aspect of chemical industry, the investment lag and low oil price in the first three years have helped to promote the recovery of the petrochemical cycle, and the performance of the sector has continued to improve, and the industrial pattern has changed.