China's refined oil exports fell by 54.7%year -on -year in the first half of this year.The cumulative import and export trade deficit in the oil and chemical industry increased by 30 % year -on -year.
According to Caixin.com, Fu Xiangsheng, vice president of the China Petroleum and Chemistry Industry Federation (Platform Petrochemical Federation), mentioned the above data at an analysis meeting on Wednesday (August 10), and saidAt present, the price of international refined oil products runs high, but the operating rate of Chinese refined oil refining and chemical enterprises is low, which not only causes a lot of idleness in China's domestic production capacity, but also missed a great opportunity to reduce the trade deficit of the petrochemical industry.
It is reported that in the first half of this year, the capacity utilization rate of Chinese oil refining devices was only about 71%, which was far lower than the average level of 90%in the world.
The export of Chinese refined oil has fallen sharply. Under the background of the "double carbon", government departments have been controlling the exports of primary products such as refined oil, and the export quota of refined oil has gradually decreased.
Chinese Customs Statistics show that the total exports of refined oil in China in 2020 were 45.74 million tons, a decrease of 17.36%year -on -year.In 2021, the export volume of Chinese refined oil products was shrinking from 45.74 million tons to 40.31 million tons, a year -on -year decrease of 12%.
Even if the export of oil in China has gradually declined, China's refining capacity is at the highest level worldwide.In 2021, China became the world's largest oil refining country for the first time. It was 910 million tons of refining capacity in that year, accounting for 18%of global refining energy, surpassing 907 million tons of the United States.
Fu Xiangsheng pointed out that the export policy restricts the full performance of China's existing capacity.With the gradual recovery of the economy, the operating rate of overseas refineries is basically in the stage of rebound to high.According to the analysis of the Report of the Securities Securities, as of July 2022, the operating rate of the US refinery has resumed more than 90%, which is 11 percentage points higher than the same period last year.A percentage point; the operating rate of Korean refineries is close to the historical high level, and the operating rate once reached 110%.
Since the beginning of this year, the demand for international refined oil is strong, and the price of the three major refined oil markets in the United States, Western Europe, and Singapore has a high price.After the epidemic was relieved, Europe and the United States ushered in the peak of travel, and the demand for oil products in Asia is equally strong.However, due to the transformation and upgrading of refineries in recent years, and the decreased supply of refining countries, the supply and demand of the global refined oil market has tightened.
supply should continue to increase international refined oil prices.At present, although European and American refined oil prices have fallen from the historical high level in June, they are still high.
In Fu Xiangsheng's view, international refined oil prices have always been at a high level, which is a rare opportunity to export.He said: "In some countries such as the United States, India, they have opened the refining device to make foreign exchange on the international market. But we now need to control it and give high -priced international markets to others."
