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Refining companies launch census, may lay a foundation for future price rises

Refining companies launch census, may lay a foundation for future price rises

(Summary description) The National Energy Administration has issued the "Notice on Carrying out the National Census of Refining Enterprises", which will start the national refining industry census from October to December

Refining companies launch census, may lay a foundation for future price rises

(Summary description) The National Energy Administration has issued the "Notice on Carrying out the National Census of Refining Enterprises", which will start the national refining industry census from October to December

Information

  The National Energy Administration has issued the "Notice on Carrying out the National Census of Refining Enterprises", which will start the national refining industry census from October to December 2018. On November 8th, the first meeting of the National Refining Enterprise Census Working Group and the Reporting Training Meeting held by the China Petrochemical Federation was successfully held in Beijing, marking the official start of the national refining enterprise census. Representatives from the National Energy Administration, energy regulatory agencies, local authorities and refineries attended the meeting.

 

  Tang Yiyan, deputy director of the Energy Conservation and Science and Technology Equipment Department of the National Energy Administration, attended the meeting and spoke. She pointed out that the census work is of great significance to scientifically formulate and improve industrial policies and development plans, and actively promote the current and next steps in the refinery industry development and reform. It is hoped that all oil refining enterprises will attach great importance to completing the census seriously. According to reports, the object of this census is all petroleum processing enterprises nationwide (except Hong Kong, Macao and Taiwan), including installations or enterprises that have been completed but have not yet been put into production.

 

Meet any of the following conditions:

 

(1) Refining enterprises (plants) with 200,000 tons of constant (reducing) pressure devices; (2) Refining enterprises (plants) with catalytic and coking devices; (3) Refining devices approved for construction in the name of processed fuel oil Or enterprises; (4) Enterprises producing fuel oil or asphalt are included in the census. The census includes the basic situation of the enterprise, the capacity of the plant, the production situation, technical and economic and environmental protection indicators.

 

  The main purpose of this census is to comprehensively understand and grasp the development status of China's refining industry, study the refining industry's transition direction, improve macro-control policies, strengthen the supervision of the refining industry, and plan basic data statistics of the refining industry in China.

 

  Since the return of the National Day, the domestic fuel oil market has begun to turn short. The prices of marine oil and heavy oil products have continued to decline. The overall industry is negative and the recent significant decline in crude oil prices has dragged down the overall market trend, which is difficult to find. Fuel oil futures and bonded oil also fell. In addition to the weakening of cost support, the decline in prices also has a certain factor in slowing down the pace of purchases by merchants. In the fourth quarter, traders' profits have been completed. From a sales perspective, entering the fourth quarter does not want more excess. 19 years of marketing brought resistance, so entering the fourth quarter, the decline in fuel prices has become inevitable.

 

  However, the start of the general survey of oil refining companies may set the stage for future price increases. This verification contains many environmental protection issues. In the winter, foggy weather starts in the north. The verification of physical enterprises in various regions is more stringent, especially High energy-consuming and high-polluting enterprises, so we can speculate that the inspection and rectification of oil companies may reduce the short-term operating rate of refineries and reduce the supply of oil products, which is good for prices.

 

  On November 6, the Shandong Provincial Government issued the "Implementation Plan on Accelerating the High-Quality Development of the Seven High Energy-Consumption Industries", which states that the Shandong Refining Co., Ltd. will launch a "one-game chess" overall strategy. In order to comprehensively understand and master the development status of China's refining industry, study the restructuring direction of the refining industry, improve macro-control policies, strengthen supervision of the refining industry, and plan basic statistics of China's refining industry. Provide support for program implementation. (From the official website of Changxing Island Petrochemical Market)

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