www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Crude imports to rise, with refiners stocking up as prices remain low

By DU JUAN (China Daily) Updated: 2015-01-09 14:19

Crude imports to rise, with refiners stocking up as prices remain low

A port in Zhoushan, Zhejiang province, receives an over seas oil tanker on Thursday. China's crude imports are expected to reach 78 million metric tons in the first quarter of the year. [Photo/China Daily] 

Consultancy predicts 4.3% increase in Q1

China's crude imports will grow 4.3 percent year-on-year to some 78 million metric tons during the first quarter of the year as prices remain low, according to a report released by ICIS C1 Energy, a Shanghai energy information consultancy.

Oil companies tend to stock up oil inventories when global prices are low, said ICIS C1, and with the cost of oil dropping more than 55 percent to below $50 a barrel since June, the conditions are right for Chinese companies to buy.

The country's monthly crude imports will remain high at 25-26 million tons during the first quarter, said Sun Yansong, an analyst with the consultancy, and for the whole year, it is predicting refineries will process between 510 and 520 million tons of crude, representing a 3-4 percent rise year-on-year.

She said that with Spring Festival falling in February this year, crude traders are expected to buy well in advance, which could lead to further increased imports.

With no maintenance planned in the first three months at refineries owned by the nation's top oil companies China National Petroleum Corp, the country's largest energy producer and Sinopec Group, Asia's biggest refiner, Sun said crude refining out puts should rise 1-1.5 percent during the period compared with last year.

Li Li, research director at ICIS C1, said the major domestic refineries are running at 80 percent of capacity and are un willing to cut that.

"Although the downstream oil products market is weak, profits are still at a satisfying level because of low crude prices," said Li.

Since crude prices started plunging in June 2014, China's imports have been growing monthly. ICIS C1 figures show crude imports in creased from 23.75 million tons in July to 25.41 million tons in November, and for the first 11 months of last year they rose 9 percent in total to 278 million tons.

A senior Sinopec official, who declined to be named, said it is a natural market practice for companies to increase stocks of imported crude when the price is low.

The Chinese authorities have been working on increasing strategic crude inventories to ensure energy security.

The National Bureau of Statistics reported in November that the country's national crude inventory reached 91 million barrels, the equivalent of nine days' consumption.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产在线高清视频 | 怡红院色视频在线 | 免费观看一级成人毛片软件 | 日韩天天摸天天澡天天爽视频 | 国产精品亚洲欧美一级久久精品 | 久久免费视频精品 | 毛片在线观看视频 | 久久精品观看 | 国产精品久久久久久久免费 | 国产成年人| 亚洲精品视频免费 | 久久99热精品免费观看欧美 | 日本亚洲国产 | 日韩欧美一区二区中文字幕 | 综合 91在线精品 | 久久五月女厕所一区二区 | 日韩不卡一区二区三区 | 欧美视频区 | 男同黄网站 | 一级大黄美女免费播放 | 日韩亚洲成a人片在线观看 日韩亚洲精品不卡在线 | 美女很黄很黄免费的 | 国产va精品网站精品网站精品 | 久久久久久久久久久视频国内精品视频 | 欧美成人伊人十综合色 | 国产一区成人 | 国内精品免费一区二区三区 | 国产成人免费网站在线观看 | 久久精品成人 | 免费看a级| 国产第2页| 亚州国产 | 草草在线影院 | 欧美大陆日韩 | 99re6热视频精品免费观看 | 日本久草网 | 精品真实国产乱文在线 | 国产午夜毛片v一区二区三区 | 亚洲欧美一区二区久久 | 草草影院免费 | 亚洲国产网站 |