In the following two or three months, China’s oil demand is relatively prosperous, and the average monthly crude oil processing volume is estimated to be about 26.5 million tons. The demand for various oil products is different. Among them, the demand for diesel oil is expected to increase by 5% year-on-year, and the demand for gasoline and kerosene is to increase by 6% year-on-year. At around 5%, chemical light oil increased by about 12% year-on-year, and fell slightly from the previous month.
In general, the next two or three months, China's oil demand is more prosperous, crude oil processing demand. However, the specific processing volume depends on the processing gross profit. Recently, the international crude oil price has risen. If the international crude oil price in the later period rises further, the domestic crude oil processing gross profit will be further reduced, and the crude oil processing volume will be affected. If the international crude oil price remains at its current level or has fallen, domestic crude oil processing volume will continue to maintain a high level or even further increase. Judging from these historical circumstances and the current international political and economic environment, international crude oil prices will fluctuate in the next two to three months, and the average level will remain high or higher, which will have a certain impact on crude oil processing. It is estimated that the average monthly crude oil processing volume is about 26.5 million tons, and the demand for crude oil is relatively large.
Under the premise of more demanding overall demand, the demand for refined oil products and the demand for various oil products will be different in the next two or three months.
Demand for diesel will show a trend of going from high to low. Demand for diesel fuel was strong in May due to higher operating rates in agriculture, infrastructure, and fishery. In June, as most southern regions entered the rainy weather gradually, the rate of infrastructure construction was affected, and the fishery also reduced the amount of operations due to the gradual implementation of the closed fishing season. The degree of farmer shortage in the south also weakened and the demand for diesel oil will be weakened. In July, the intensity of farming in some areas has been strengthened. In addition to flood prevention and drought relief, increased travel of teachers and students, demand for power generation, and increase in the operating rate of automobile air-conditioning, demand for diesel has picked up again. However, due to faster development of alternative fuels, etc. Affected, it is estimated that there is a 5% increase over the same period of last year.
Demand for gasoline and kerosene also showed strong demand in May, weaker demand in June and higher demand in July. Tourism in May was more prosperous, especially the festive holiday of the “May 1st†holiday holiday led to more demand for gasoline and kerosene. After May 1st, tourism was relatively weak and demand for steam kerosene was lower. In July, teachers and students increased their vacation trips, coupled with the increase in the operating rates of automobiles and aircraft, and the demand for gasoline and kerosene recovered. It is estimated that the demand for steam kerosene will increase by 6% and 5% respectively.
Due to the growth of chemical production equipment, the demand for chemical light oil continued to grow rapidly in the next two or three months, but the growth rate declined. It is estimated that it will increase by about 12% year-on-year.
Demand for fuel oil also increased due to the increase in industrial and power production, but it has declined year-on-year due to the rapid development of alternative fuels.
LPG demand weakens with rising temperatures. The year-on-year rate was affected by the relatively rapid development of alternative fuels and slowed by about 2%.
In general, the next two or three months, China's oil demand is more prosperous, crude oil processing demand. However, the specific processing volume depends on the processing gross profit. Recently, the international crude oil price has risen. If the international crude oil price in the later period rises further, the domestic crude oil processing gross profit will be further reduced, and the crude oil processing volume will be affected. If the international crude oil price remains at its current level or has fallen, domestic crude oil processing volume will continue to maintain a high level or even further increase. Judging from these historical circumstances and the current international political and economic environment, international crude oil prices will fluctuate in the next two to three months, and the average level will remain high or higher, which will have a certain impact on crude oil processing. It is estimated that the average monthly crude oil processing volume is about 26.5 million tons, and the demand for crude oil is relatively large.
Under the premise of more demanding overall demand, the demand for refined oil products and the demand for various oil products will be different in the next two or three months.
Demand for diesel will show a trend of going from high to low. Demand for diesel fuel was strong in May due to higher operating rates in agriculture, infrastructure, and fishery. In June, as most southern regions entered the rainy weather gradually, the rate of infrastructure construction was affected, and the fishery also reduced the amount of operations due to the gradual implementation of the closed fishing season. The degree of farmer shortage in the south also weakened and the demand for diesel oil will be weakened. In July, the intensity of farming in some areas has been strengthened. In addition to flood prevention and drought relief, increased travel of teachers and students, demand for power generation, and increase in the operating rate of automobile air-conditioning, demand for diesel has picked up again. However, due to faster development of alternative fuels, etc. Affected, it is estimated that there is a 5% increase over the same period of last year.
Demand for gasoline and kerosene also showed strong demand in May, weaker demand in June and higher demand in July. Tourism in May was more prosperous, especially the festive holiday of the “May 1st†holiday holiday led to more demand for gasoline and kerosene. After May 1st, tourism was relatively weak and demand for steam kerosene was lower. In July, teachers and students increased their vacation trips, coupled with the increase in the operating rates of automobiles and aircraft, and the demand for gasoline and kerosene recovered. It is estimated that the demand for steam kerosene will increase by 6% and 5% respectively.
Due to the growth of chemical production equipment, the demand for chemical light oil continued to grow rapidly in the next two or three months, but the growth rate declined. It is estimated that it will increase by about 12% year-on-year.
Demand for fuel oil also increased due to the increase in industrial and power production, but it has declined year-on-year due to the rapid development of alternative fuels.
LPG demand weakens with rising temperatures. The year-on-year rate was affected by the relatively rapid development of alternative fuels and slowed by about 2%.
Jiangyin Yuanfang Machinery Manufacture Co., Ltd , https://www.yuanfangmachine.com