Main diesel quality upgrade accelerates oil refining upgrades

The domestic three-vehicle diesel will be enforced on July 1, 2013. In order to actively cooperate with the upgrading of the national three-vehicle diesel, the two major groups have also made adjustments in the regional transfer pricing.

In respect of Sinopec, since the increase in oil price adjustment, the price allocation for the country's three vehicle diesel areas has been expanded to 150 yuan/tonne compared to the price of the country's second common diesel area, and after the price adjustment on March 27, both The price difference is still at 50 yuan/ton. At the same time, in order to actively cooperate with the diesel upgrade, in early April, Sinopec raised the ex-factory price of diesel fuel for the country's three vehicles by 120 yuan/ton, and lowered the ex-factory price of regular diesel oil by 80 yuan/ton. In the oil industry, it is understood that in order to promote the implementation of national diesel fuel for vehicles and to ensure the smooth replacement of the country's second-class diesel, from May 1, 2013, the regional allocation price of the country's three vehicle diesel fuel is in the second general diesel Based on the increase of 50 yuan / ton.

Raising the allocation price of diesel fuel in the country's three vehicle diesel regions can stimulate the enthusiasm of the main refinery for the production of automotive diesel, thereby maintaining the supply of domestic high-grade diesel resources. On the other hand, it also enhances the main sales companies to actively clean up the regular diesel. The motivation. However, given the wide range of end-use demand for diesel fuel and the fact that the economic benefits have surpassed environmental awareness, the difficulty of upgrading the domestic three-country vehicle diesel fuel is still relatively large, and the cost sharing caused by oil upgrades also needs to be discussed.

Hefei gasoline once again broke the quality door incident, spearheaded the Chinese chemical industry oil prices, Shandong refining oil quality upgrade once again pushed to the cusp. It is understood that at present, Shandong Gasoline can reach about 60% of the national gasoline standard, while the refinery with diesel fuel that meets the National Two standard is very few.

At present, Shandong refinery still uses imported fuel oil as the main refining raw material, which is bound to limit the quality indicators of gasoline and diesel. At the same time, the demand determines the supply. The current customers of Shandong Diligent are mainly private gas stations, traders, and oil-adjusting users. They mainly rely on price advantage to occupy the market, and the price advantage of Shandong refinery products will inevitably be weakened after upgrading their quality, leading to their weakening. The customer is shrinking. In the case where the problem of raw materials cannot be solved and the quality of oil products is not supported by national policies, it is very difficult for Shandong Geotechnics to completely complete the upgrade of oil quality through itself.

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