Adjustment and revitalization of light industrial petrochemical Industry planning rules

Yesterday, the State Council announced the "Light industry adjustment and revitalization planning" and "petrochemical industry adjustment and revitalization planning."　　So far, the top ten industrial revitalization planning only left the industry revitalization of shipbuilding industry planning rules have not been clear. This time, "light industry adjustment and revitalization planning" listed in the further expansion of "home appliances to the countryside" to subsidize varieties, improve the export tax rebate of some light industrial products, adjust processing trade catalogue, solve the problem of agricultural products and so on 10 related policy measures.　　The policy measures of "petrochemical industry adjustment and revitalization plan" include 10 items, such as perfecting Fertilizer reserve mechanism, grasping oil reserve, strengthening credit policy support and perfecting price formation mechanism of oil products.　　In the "Light industry adjustment and revitalization Plan" promulgated by the State Council, we will focus on the industrialization of equipment autonomy and key technologies, speed up the technological transformation of papermaking, home appliances, plastics and lighting appliances, and eliminate the backward processes and equipment with high energy consumption, high water consumption, large pollution and low efficiency, and strictly control the new production capacity. At the same time, "light industry adjustment and revitalization plan" said that by 2011, the main industry's cod emissions were reduced by 255,000 tonnes in 2007, reducing by 10%, of which the food industry reduced 140,000 tons, the paper industry reduced 100,000 tons,　　The leather industry decreased by 15,000 tonnes, and waste water was reduced by 1.95 billion tonnes in 2007, reducing by 29%, with the food industry reducing by 1 billion tonnes, the paper industry reducing 900 million tonnes and the leather industry reducing by 50 million tonnes.　　The State Council in the "Petrochemical industry adjustment and revitalization plan" pointed out that will include the implementation of oil reserves, strengthen credit policy support, support the development of foreign resources, including 10 policy measures.　　In the "Petrochemical industry adjustment and revitalization Plan", established the petrochemical industry development of the 6 major objectives, namely, the production to maintain a steady growth, increase the capacity of agricultural support, industrial layout rationalization, product structure significantly improved, technological progress significantly accelerated, energy saving and emission reduction achieved results. The plan points out that from 2009 to 2011, the petrochemical industry maintained steady and rapid growth.　　2009 strive to achieve smooth operation, after three years of adjustment and revitalization, to 2011, the industrial structure tends to be reasonable, the development of a clear change in the overall strength of a significant increase.　　The development goal of the planning rules is that by 2011 China's crude oil processing capacity will reach 405 million tons, the production of refined oil and ethylene output to 24750 and 15.5 million tonnes respectively, and China will build three to four tons of refinery and 20 million ton grade ethylene production base. In terms of capacity, it is clearly stipulated that 1 million tonnes and below low efficiency and low quality backward refining units will be eliminated and the 100 to 2 million tons of refinery plan merge all should be actively guided.　　It is forbidden to build new capacity projects in areas such as small refinery plan merge all. In addition, the next three years will stop the approval of simple expansion of production capacity of coke, calcium carbide and other coal chemical projects, in principle no longer arrange a new coal chemical pilot project. In the area of environmental protection, vehicle gasoline and vehicle diesel have all reached the national Ⅲ standard in the next two years, strictly prohibited to reach the state standard of oilThe market often to 2011, the Petrochemical Industry unit industry added value of energy consumption decreased by more than 12%.　　Link "light Industry revitalization Planning interpretation" home appliances to the countryside good home appliances industry analyst/Hu Jian Strong: Planning content is still dominated by directional policy, and there are no details of the measures, so the impact on the class stocks is limited; In view of the plate in the home appliances to the countryside has been led by the concept of a strong performance, the recent increase fear of limited, maintain neutral rating. Citic Securities industry Analyst/Hu Yali: Industrial revitalization plan covers a wide range, but the sub-industry focus is different. In terms of Government's policy intention to promote consumption, improve urban-rural disparities and secure employment, the household appliance industry is expected to have high expectations. With the implementation of the industry revitalization plan, the industry needs, industrial upgrading, competition, such as the improvement of the structure of the real support to enhance the industry valuation.　　Home appliances to the countryside product purchase restrictions relaxed, good home appliances industry.　　"The revitalization of the petrochemical industry planning interpretation" favorable to the chemical fertilizer and pesticide industry, National Securities industry researcher/Zhang Jianfeng: Petrochemical Industry planning and the market before the expected agreement, there is no more than expected content, the plan issued to the category of stocks should be limited, specific to the performance of the relevant listed companies, depending on the relevant subsidies. Dongxing Securities Industry Analyst/Yang Joomu: Petrochemical Industry contribution to the national GDP of about 6%, petrochemical industry, many of the wandering industry, with many industries interrelated, so the revitalization of the petrochemical industry is particularly important. The revitalization plan is good for the chemical fertilizer and pesticide industry, and the revitalization program has limited impact on the two major petrochemical companies. At present, in the context of the international economic downturn, the demand for refined oil and ethylene has been greatly reduced, PetroChina and Sinopec's oil inventories have gradually increased, two companies are currently in a price war to digest the existing inventory. According to the Operation Law of petrochemical industry, oil price is too low and too high will affect the release of performance. The revitalization of the policy to increase oil reserves, which is very conducive to China's energy security, the current international crude oil prices are low, just is conducive to China's crude oil reserves. Reporter Liuyang