Sinopec halts export of oil products "full guarantee"

"Sinopec has stopped exports of refined oil from March onwards.　　"Yesterday (April 19), Xiashixiang, deputy general manager of Sinopec Sales, said in an interview with the Daily economic news that the export subsidy for more than a year had been canceled at the same time as exports were halted. Analysts said the move showed a surge in crude oil costs and a decline in refinery enthusiasm.　　and "electricity shortage" or intensified domestic product demand in the two or three quarter of rapid warming, oil companies worry about "oil shortage" again attack, so early preparation. In addition to retaining the basic resource requirements for our Hong Kong and Macao regions, Sinopec has ceased exporting refined oil to other regions.　　"Xiashixiang said.　　He also said that Sinopec has since April 1 stopped after a year of export subsidies for diesel processing trade, the export plan has been issued under the "price" principle of the implementation of subsidies.　　Last year, Sinopec export volume of oil products within 10 million tons, China Merchants Securities petrochemical analyst Xiaofeng that, because the volume is not big, stop exports will not give Sinopec this year's performance has a big impact.　　In the end of the export, Sinopec recently to subordinate refineries, the ultra-planned production of refined oil to give incentives.　　It is understood that Sinopec April configuration plan outside the 90# gasoline and biodiesel diesel oil ex-factory price of 9280 yuan/ton and 8744 yuan/ton, compared to April 7 after the implementation of the ex-factory prices of 800 yuan/ton and 1114 yuan/ton, other grades of gasoline pricing in accordance with the prescribed quality ratio calculation determined.　　Sinopec has in the following March 4 to increase the number of gasoline implementation of the incentive policy, the month configuration plan outside the 90#, 93#, 97# gasoline ex-factory prices are higher than the planned product price of 730 yuan/ton, 770 yuan/ton and 800 yuan/ton. Analysts say the combination of export cancellations and domestic ex-factory-price subsidies suggests that Sinopec is cautious about the supply elasticity and supply and demand balance of domestic gasoline and diesel in the two quarter.　　In the context of high crude oil costs, to ensure that domestic supply is the focus of attention.　　Anti-"oil shortage" reappearance for the above move, Xiashixiang said, mainly in view of domestic prices and international crude oil prices are high, and the sharp decline in production, the move to ensure a stable supply of domestic oil products market.　　Obviously, Sinopec this rewarded Susan, cancel export, is also worried similar to last year "oil shortage" again attack. April 15, the NDRC warned that most areas of this year will appear power supply and demand "tight". PetroChina Institute of Economic and Technological research, said: "Coal tension, power supply is not enough at any time, the demand for power generation diesel can be again heavy." "Jian, chief analyst at Wang-an energy source, believes that more areas may be able to protect important electricity consumption this summer.　　Oil revamping will be present in most areas, and diesel demand will be greatly boosted before and after summer.　　In addition, as the temperature picks up, the demand for agriculture and fishery oil is booming, and the oil consumption in northeast and northwest China is expected to increase. According to the energy monitoring, April 14, Shandong refining the latest startRate fell sharply to 38.2%, down 5.9% from the previous period.　　Some of the smelting face loss risk forced shutdown device, into the production of the spring, the operating rate or will continue to decline.　　Gold and Silver Island analysts said that the Sichuan-Chongqing region has been a shortage of resources, since this month, PetroChina, Sinopec has stopped the private gas stations of the wholesale oil products, only to ensure the signing of long-term agreement of users. "The first quarter is the off-season, in previous years, companies will control refinery production, but this year has not been reduced, instead of reducing the processing of chemical products, increase oil production," Xiashixiang said, "Recently, the development and Reform Commission to increase the price of 16 province, which may reduce the oil supply pressure, the shortage may not appear.　　According to statistics, April Sinopec planned to arrange the factory finished products 10.54 million tons, an increase of 410,000 tons.　　In the first quarter, the company produced 31.55 million tons of refined oil, an increase of 1.84 million tons, a growth of 6.2%, refinery equipment load of 101%, processing crude oil 54.72 million tons, the year-on-year increase of 7.4%. Fu, the newly appointed Sinopec chairman, stressed at the Economic activity Analysis meeting in March that the next step would be for Sinopec to continue to implement policies to increase oil production and to mobilize the enterprises to adjust their product structure, and to increase the production of refined oil by reducing the export of oil products, pressing the chemical light oil and reducing the load Responsible Editor: NF045