Oil giants ' production tight due to raw material spike

Wang You Energy-saving emission reduction is not a "diesel shortage" main reason, the industry pointed out-raw material burst to oil giants production tight "recently our capacity has not significantly improved, because our fuel oil prices are too high."　　"Mr. Zhou, the sales manager of a large local oil company in Dongying, said yesterday on the phone. Even in the "diesel shortage" days, the start-up rate of the enterprise can only reach 60%~70%, compared with Sinopec, PetroChina close to 100% of the figure is significantly worse. When demand for diesel suddenly gets bigger, the supply of two big domestic oil producers and local refineries seems to be stretched.　　If we do not open up the upstream raw material supply, diesel oil will likely be "shortage" every year. Oil spike fuels fuel oil High Zhuo Chuang information analyst Liu Feng said, in fact, domestic local refinery operating rate is not because of the shortage of diesel to upgrade.　　Just last week, Shandong's average operating rate was 43.2%, down 1.59% from a week ago. "As a local refinery, we can now only buy fuel oil to produce diesel because the share of the crude oil allocated is too small."　　Mr. Zhou, of the Shandong refinery, said fuel oil accounted for more than 50% of the company's raw material sources.　　Reporters from the people who know the data also shows that, including Changyi, Dongming, Philip and other Shandong's total crude oil processing capacity is about 56 million tons, but can be allocated to the crude oil quota of only about 2 million tons.　　However, the current rate of fuel oil is not high (100 tons of fuel oil can produce 20 tons of diesel oil, and 100 tons of crude oil output about 37 tons), the price is also high. Just yesterday, the high sulfur crude imported from Huangpu port, Singapore's "high sulfur 180" two types of fuel oil prices are 4900 yuan ~5200 yuan/ton, compared with the August 20, 2010 4300 yuan/ton higher than 20%.　　If the recent crude oil price of 88 U.S. dollars per barrel calculation, the current purchase cost of a ton of crude is only about 4239 yuan, compared to fuel oil prices at least nearly 700 yuan. In October this year, some of the Shandong refinery also suffered "power rationing", some enterprises of petroleum coke output in the day of power rationing has been reduced by about 20%, but the impact of refining equipment is not very large. "It is unrealistic to rely on the refinery to help increase the supply of the market in the peak stage of oil rationing, autumn harvest and fishing, as there is no possibility of a sudden sharp increase in diesel oil in local refineries."　　"CIC Securities researcher Redingkun told reporters. China's two biggest production strains reporters from many sources to understand that, in fact, the two major domestic diesel production can not be a significant increase in the short term. PetroChina is expected to increase its daily crude production in November by 10,000 tonnes, to 168,000 tonnes and an increase of 6.3% per cent in October. Sinopec's October oil production increased by 8.3% last year, and diesel output increased by about 12.3% per cent year-on-year.　　The capacity of the two companies is almost at its most recent limit. Redingkun said: "Diesel capacity is difficult to one monthsWas suddenly raised more than 20%. On the one hand refinery equipment can not achieve such a high load, the equipment loss, construction safety will have a great impact. But also must disrupt the transportation, the raw material launches and so on arrangement.　　"But in October and November, about 10% of the increase in production, it is difficult to fill the market burst out of demand." National Gold Securities researcher Liubo said that in September this year, some data showed that there may be a shortage of diesel supplies in the future, "because the month's industrial output, light industry output increased by about 26% per cent, and as a market barometer of diesel production increased by less than 3%." That may have overshadowed the ' diesel shortage '. In September this year, some parts of the country diesel fuel is not available.　　At that time, domestic diesel production amounted to 13.109 million tonnes, a growth of only 2.5%, lower than the increase in petrol, kerosene 5.6% and 3.2%, also far lower than the chemical production of naphtha growth (31%). In fact, some Sinopec insiders to the reporter disclosed that Sinopec individual refineries have also been "energy-saving emission reduction" effect, resulting in its diesel output is not high. However, this claim has not been confirmed by the Sinopec Group.　　A senior of the company's large refinery told reporters that companies in the near future with the government on the "Energy Saving and emission reduction" problem has been repeatedly communicated, the final result is the enterprise to minimize the high energy-consuming chemical plant, without affecting the production of ethylene, oil refining. "Now we're under a lot of pressure. "A vice-president in a coastal province of Sinopec said to reporters, the original diesel sales in the province were about more than 500,000 tonnes/month, and now it has been raised to 700,000 to 800,000 tonnes," it should be said that the demand is not magnified to 40% so much, the main or the refinery and other channels of diesel supply is insufficient, the sales pressure to us. " "At a time when crude oil prices are rising steadily and demand is soaring, the government does need to control the price of gasoline and diesel and to control the profits of refineries and sellers." can also be timely to take incentives, the release of crude oil control and other means to promote the refinery enterprises to increase production capacity, otherwise the domestic 20% or so of the refining capacity is only a supporting role.