The latest statistics on import and export issued by the State General Administration of Customs on November 16 showed that while the “oil shortage†in the country continues to linger, China’s refined oil exports have continued to increase substantially.
According to the statistics of the State General Administration of Customs, in October this year, China exported a total of 1.12 million tons of refined oil products, a year-on-year increase of 27.3%; the export value was US$715 million, an increase of 34.9% year-on-year. From January to October of this year, China's cumulative export of refined oil was 12.99 million tons, an increase of 30.4% year-on-year; cumulative export value was US$7.45 billion, an increase of 31% over the same period last year.
While the export of refined oil has increased substantially, the supply of the domestic refined oil market has been extremely tight. Since the beginning of this year, international crude oil prices have continued to rise, rising from around $55 a barrel early this year to approaching the $100 mark. Similar to the previous response to this situation, the output of many domestic refineries no longer grows, and the supply of domestic refined oil markets quickly tightens. In some parts of late October, “oil shortage†hit again. In particular, the diesel retail market has been in a hurry. Many gas stations all over the country have implemented quantitative sales, and some regions have been out of stock. More than 2,000 private gas stations in the southern part of China have ceased operations due to lack of oil.
Under this circumstance, the National Development and Reform Commission had to use administrative measures. On October 30th, it announced that it would increase the retail price of refined oil from November 1st, and on November 5th, it would call the relevant person in charge of the two major oil and Sinopec groups to discuss. The two major oil giants are urged to make every effort to ensure the supply of domestic refined oil and prohibit all forms of reluctance to sell. The two big groups also made gestures to ensure supply in the domestic market. Sinopec expressed its intention to basically open diesel supplies in southern provinces and cities by the end of November. PetroChina said that it planned to increase crude oil processing volume by 2.13 million tons in the fourth quarter.
Some experts believe that from statistics, it can be seen that the direct motive of refined oil exports is huge profits. As a company, proceeding from its own interests, there is nothing wrong with doing so. However, as a state-owned enterprise that completely monopolizes the domestic refined oil market, the two big groups have the responsibility to help the government stabilize the market. The current situation is that domestic refined oil prices are under government control. Domestic and overseas oil prices have been hanging upside down for a long time. This has led to the emergence of strange phenomena of "oil shortage" and refined oil export growth in some parts of the country. It is understood that the relevant departments have been studying the new “crude oil plus cost†refined oil pricing system.
Screw conveyor: also known as scraper conveyor,with the capacities from 5 MT to 250 MT,loading and unload the grain.
Chain conveyor: compared with the scraper conveyor ,this machine with low power consumption, and reduce the grain breakage rate .
According to the statistics of the State General Administration of Customs, in October this year, China exported a total of 1.12 million tons of refined oil products, a year-on-year increase of 27.3%; the export value was US$715 million, an increase of 34.9% year-on-year. From January to October of this year, China's cumulative export of refined oil was 12.99 million tons, an increase of 30.4% year-on-year; cumulative export value was US$7.45 billion, an increase of 31% over the same period last year.
While the export of refined oil has increased substantially, the supply of the domestic refined oil market has been extremely tight. Since the beginning of this year, international crude oil prices have continued to rise, rising from around $55 a barrel early this year to approaching the $100 mark. Similar to the previous response to this situation, the output of many domestic refineries no longer grows, and the supply of domestic refined oil markets quickly tightens. In some parts of late October, “oil shortage†hit again. In particular, the diesel retail market has been in a hurry. Many gas stations all over the country have implemented quantitative sales, and some regions have been out of stock. More than 2,000 private gas stations in the southern part of China have ceased operations due to lack of oil.
Under this circumstance, the National Development and Reform Commission had to use administrative measures. On October 30th, it announced that it would increase the retail price of refined oil from November 1st, and on November 5th, it would call the relevant person in charge of the two major oil and Sinopec groups to discuss. The two major oil giants are urged to make every effort to ensure the supply of domestic refined oil and prohibit all forms of reluctance to sell. The two big groups also made gestures to ensure supply in the domestic market. Sinopec expressed its intention to basically open diesel supplies in southern provinces and cities by the end of November. PetroChina said that it planned to increase crude oil processing volume by 2.13 million tons in the fourth quarter.
Some experts believe that from statistics, it can be seen that the direct motive of refined oil exports is huge profits. As a company, proceeding from its own interests, there is nothing wrong with doing so. However, as a state-owned enterprise that completely monopolizes the domestic refined oil market, the two big groups have the responsibility to help the government stabilize the market. The current situation is that domestic refined oil prices are under government control. Domestic and overseas oil prices have been hanging upside down for a long time. This has led to the emergence of strange phenomena of "oil shortage" and refined oil export growth in some parts of the country. It is understood that the relevant departments have been studying the new “crude oil plus cost†refined oil pricing system.
Including bucket elevator, screw conveyor,chain conveyor to lift and transport the grain in and out the Silo.All are made by hot-galvanized .
Bucket elevator with capacities from 5 MT to 500 MT,lifting the grain into the Grain Silo.Screw conveyor: also known as scraper conveyor,with the capacities from 5 MT to 250 MT,loading and unload the grain.
Chain conveyor: compared with the scraper conveyor ,this machine with low power consumption, and reduce the grain breakage rate .
Handling Equipment
Silo Scraper Conveyor, Grain Bucket Elevator, Silo Chain Conveyor, Belt Conveyor
Shijiazhuang Goldrain I/E Co.,Ltd. , http://www.goldraingroup.com