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Yesterday, Sinopec Group announced that, despite the effectiveness of exports of refined oil is better, but for the protection of domestic supply, with the exception reserved for Hong Kong and Macao regions outside the basic resource requirements, Sinopec has suspended oil exports to other regions. This reporter has learned not to suspend the implementation of measures to limit exports, and flexibility will be determined based on market conditions.
By convention, into the second quarter, oil demand will increase. Beijing oil distribution industry by the Commission yesterday told reporters that the Secretary-General Wang Shun, as the weather gradually gets warmer, auto travel increased, building construction, industrial production, logistics and transportation industries increased demand for oil, in April will be an overall increase in oil consumption.
Bulk products e-commerce platform, "Treasure Island" yesterday's monitoring data show that in the domestic wholesale market, gasoline prices were the highest in the wholesale price and retail price in place between the many private stations have been suspended for the wholesale. Diesel is even more tense, the price has been in a "wholesale and retail the same price" of the state, Shanxi, Henan, Hubei, Zero appears upside down, sales are limited across the country, north, east China has distributors and gas stations to stop the wholesale community.
National Development and Reform Commission data released yesterday show that in March the apparent consumption of refined oil products (domestic production plus net imports) has reached a new high of 21.73 million tons monthly, daily average 13.9% sequential growth, an increase of 11.7%. At the same time, China's refined oil depot there by the end of February to the highest level has started to decline after the 3 end of oil stocks down to basically the same as last year's level.
Sinopec is China's largest oil refining giant, but also protect the mainstay of the market supply. Sinopec said yesterday that regard, the current problem of insufficient resources in the domestic market is gradually revealed, oil security for the growing pressure. To ensure the supply of the domestic market, Sinopec will continue to increase the implementation of oil policy, refining enterprises to adjust product structure to mobilize the enthusiasm, and by suspending oil exports, the output of chemical light oil, and other measures to reduce the chemical plant load full production.
Sinopec headquarters from the Department of production and management information display, in April will continue at full capacity of production, scheduling the factory oil 10.54 million tons, an increase of 41 million tons. (Zhang Yan)
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