Refined oil exports embarrassing: all the excess to blame - ethylene, oil, oil products - plastics industry

Refined oil exports embarrassing: all the excess to blame - ethylene

, oil, oil products - plastics industry

HC plastic net News: High crude oil imports side, one side has been accused of "discount" export refined oil products, Sinopec, CNPC so why bother?

Customs data show the first quarter of this year, the domestic refined oil exports reached 6.94 million tons, up 66.4%, mainly diesel.

5 10th, Zhong Jian General Manager of the East oil and gas network, said: "From the domestic oil refining capacity and fuel consumption comparisons, refined oil exports, in particular diesel fuel exported in large numbers over the next few years long, as domestic fuel, particularly oil truck, ship oil certainly not an average annual growth rate of 10%, while in recent years, domestic refining capacity will increase each year thousands of tons. "

Sinopec headquarters from the news: this year, Sinopec's marketing focus, including oil products, including bonded oil export market, both exports to Southeast Asia, refined oil, processing, etc. can also be used, only one final goal to ensure that the operating rate of refinery equipment.

"The reason why oil overproduction and export, mainly to the rapid development of China's chemical industry, chemical raw materials needed." CBI information an analyst said, "To meet the demand for chemical raw materials, can build more The refining device, processing more crude oil and refined oil exports of some of the excess. "

Embarrassed oil exports Ministry of Industry data released in February of this year: in 2009 China's crude oil processing volume of 375 million tons, up 7.9%, growth rate 4.2 percentage points faster than the previous year; refined oil products (gas, coal, diesel aggregate) production 228 million tons, up 9.4%, accelerating 2.5 percentage points.

At the same time, the National Bureau of Statistics has revealed that last year China's apparent consumption of refined oil products (defined as production plus net imports) is only 221 million tons, production surplus of 600 million tons. In desperation, PetroChina, Sinopec oil products can only be part of the stock or direct export into trouble.

The first quarter of this year, the same situation occurs again: According to Customs statistics bulletin shows that the first quarter of this year, crude oil imports 56.68 million tons, up 39% year over year; refined oil exports of 6.94 million tons, up 66.4% . Because in the refining process the output of refined oil still accounts for 60% -70%, while construction and other diesel car market is clearly unable to absorb the surplus production capacity.

Sinopec quarter earnings also confirmed this point: in the first quarter, the company's chemical light oil to a record 8.5 million tons, up jumped 47.3%; steam coal yield of diesel and other refined oil products has declined 3%, that is, in the first quarter of this year, the company increased the production of chemical raw materials, reduced the oil output.

"Still on the domestic market supply of chemical raw materials situation, even if none of the three ethylene production unit of a price rise." The CBI IT analyst exclaimed.

CBI data feeds: since since October 2009, including bulk chemicals, including ethylene prices have remained strong upward trend, the price of ethylene from the initial 10,400 yuan / ton rose to the existing 12,500 yuan / tons. Affected downstream polyethylene, phenol and other chemical raw materials prices butanediol continued strong.

Three so-called Fujian ethylene project is the joint petrochemical 800,000 tons ethylene project in Tianjin Petrochemical one million tons ethylene project and Xinjiang Dushanzi one million tons ethylene project, belonging to Sinopec and PetroChina's. These projects are under construction after 2006, and completed and commissioned before the Spring Festival this year.

"2009 China's ethylene production is only 10.66 million tons, while production capacity of these three projects reached 2.8 million tons.

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