Refiners launch census or will lay the groundwork for future price upward
The National Energy Administration issued the "Notice on Carrying out the National Refining Enterprise Census", which will carry out the national refining industry census from October to December 2018. On November 8, the first meeting of the National Refining Enterprise Census Working Group and the training meeting for reporting was successfully held in Beijing, marking the official start of the national refining enterprise census. Representatives of the National Energy Administration, energy regulators, local authorities and oil refiners attended the meeting.
Tang Yiyan, deputy director of the Department of Energy Conservation and Science, Technology and Equipment of the National Energy Administration, attended the meeting and delivered a speech. She pointed out that the census work is of great significance for scientifically formulating and improving industrial policies and development plans, and actively promoting the current and next key tasks of the development and reform of the oil refining industry. It is hoped that all oil refining companies will attach great importance to the completion of the census work. According to reports, the target of this census is all petroleum processing enterprises nationwide (except Hong Kong, Macao and Taiwan), including installations or enterprises that have been built but not yet put into production.
Any of the following conditions:
(1) Refining enterprises (plants) with normal (pressure reduction) units of 200000 tons or more;(2) Refining enterprises (plants) with catalytic and coking units;(3) Refining units or enterprises approved for construction in the name of processing fuel oil; and (4) enterprises producing fuel oil or asphalt are included in the scope of the census. The contents of the census include the basic situation of the enterprise, the capacity of the plant, the production situation, the technical economy and the environmental protection index.
The main purpose of this census is to fully understand and grasp the development status of my country's oil refining industry, study the transformation direction of the oil refining industry, improve macro-control policies, strengthen the supervision of the oil refining industry, and plan the basic data statistics of my country's oil refining industry.
The domestic fuel oil market since the return of the National Day began to turn from more to less, marine oil and heavy oil product series prices began to decline, the overall industry bearish, and the recent sharp decline in crude oil prices dragged down the overall market trend, good hard to find bearish. Fuel oil futures and bonded oil also fell mainly. In addition to the weakening of cost support, there are also certain factors for the slowdown in the pace of purchasing by merchants. In the fourth quarter, traders have completed their profits. From the perspective of sales, they do not want to exceed more in the fourth quarter, which brings resistance to 19 years of marketing. Therefore, in the fourth quarter, the downward trend of fuel prices has become inevitable.
However, the beginning of the general survey of oil refining enterprises may lay the groundwork for future price increases. This inspection includes more and involves environmental protection. Haze weather is started in the north in winter. The inspection of entity enterprises in various regions is relatively strict, especially those with high energy consumption and high pollution. Therefore, we can speculate that the inspection and rectification of oil enterprises will lead to a short-term decline in the operating rate of refineries and a decrease in oil supply, thus favorable price.
On November 6, the Shandong Provincial Government issued the "Implementation Plan on Accelerating the High-quality Development of Seven High-energy-consuming Industries". The plan pointed out that Shandong Refining has launched a "one game of chess" overall planning strategy, and the main purpose of this census of oil refining enterprises is To fully understand and grasp the development status of my country's oil refining industry, study the transformation direction of the oil refining industry, improve macro-control policies, strengthen the supervision of the oil refining industry, and plan. Provide support for the implementation of the program. (from the Changxing Island petrochemical market official website)