Does China take the advantage of international oil price low confuse scare buying how many crude oil? National statistic bureau released on June 15 energy production situation provided partial data May: Imported crude oil May 47.97 million tons, grow 19.2% compared to the same period, the month is on drop 7.5% . 1-5 month, entrance crude oil two hundred and fifteen million five hundred and eighty thousand tons, grow 5.2% compared to the same period.
47.97 million tons, the import volume of this one increase sharply means China to imported 11.34 million pails of crude oil on average everyday May. After price war of start shooting of Saudi Arabia of the last ten-day of a month brought about oil price to steep fall in March, china buys the home to be in 3, purchased in a large-scale in April what delivered the goods in May is cheap crude oil.
Picture origin: National statistic bureau
Information of the sources of energy of the family name that occupy general (Platts) statistic, 11.18 million pails when afore-mentioned import volumes exceeded China to was achieved in November 2019 / the record of day. State-owned with independence refinery trades afore cycle raises crude oil to purchase an amount, came in order to make full use of in March May exceed low oil price. Investigation data shows, crude oil entrance measured business of Chinese independent oil refining to grow 71.1% compared to the same period in May, achieve 4.42 million record-breaking pails / day. All these releases bullish signal to global oil industry: The 2nd old economy of world the oldest crude oil imports body, whole world energy demand of China is in the country to anabiosis steadily.
This imports a trend to will last to June strong. Heavy goods of quote of Peng rich company studies the viewpoint of Sean Tan of company Kpler analyst says, shipping data shows, china measures a likelihood to exceed 14 million pails in the crude oil entrance June / day, predict to will 190 super tanker transfer China this month.
China of institute of Oxford the sources of energy studies chief Michal Meidan expresses, the entrance of increase sharply had a lot of to belong to in the quantity in May use low oil price the speculation of window period is bought, "Although demand is restoring, but there still are a large number of stocks in oilcan. But there still are a large number of stocks in oilcan..
Answer of go back to work is postpartum, because international oil price drops to 40 dollars / spark under the bucket home " floor price " policy, the oil refining benefit of factory of Shandong independent refine soars for a time, capital of active steam again increases independent refine plant crude oil purchases strength. But rise in price as crude oil, inventory tall look forward to, demand anabiosises put delay, the oil refining profit margin of independent refine factory is atrophic, the enthusiasm that purchases entrance crude oil from May the middle ten days of a month begins to drop.
Eminent achieves information analysis to say, enter price of crude of the international after June already whole appears bigger apparent get onning moves, cost of raw material of theory of domestic refine factory raises continuously. Divide this, value of product of main oil refining suffers influence of contradiction of supply and demand to last bear pressure, bring about theory of Shandong ground temper with fire profit of integrated oil refining glides, according to this orgnaization statistic, at present profit of integrated oil refining is 150 yuan / ton, with on photograph of lunar the corresponding period is compared drop 336 yuan / ton.
Occupy the data that customs total office released on June 7, 1-5 month, china imports crude oil all valence is every tons 2567.4 yuan (add up to 49.3 dollars about / bucket) , than last year the corresponding period drops 21.2% .
