Since 2005, there have been losses and reductions in profits at large refineries, which have resulted in significant changes in the production of phenols. From January to June, crude oil processed was 26.19 million tons, an increase of 14% over the same period of last year; sales revenue was 81.5 billion yuan, an increase of 40% over the same period of last year; loss was 4.715 billion yuan, which represented a reduction of 7.3 billion yuan over the same period of last year.
In the first half of this year, the loss incurred by Liaoning's petroleum refining industry is unprecedented. The price of crude oil has increased the cost of enterprises. Take Fushun Petrochemical Company as an example. From January to May, the average price of Daqing crude oil was 2,855 yuan/ton, compared with 1910 yuan/ton in the same period of last year. The crude oil price was calculated based on the processing volume of crude oil 0.404 million tons. The increase in costs was 3.82 billion yuan; the average price of petroleum products was 3,116 yuan/ton, compared with 2,642 yuan/ton in the same period of last year. Based on the output of 3,627,000 tons, the increase in product prices increased revenue by 1.72 billion yuan. This reduced the benefit of 2.1 billion yuan due to price effects.
At present, domestic crude oil prices are basically synchronized with the international market, while refined oil prices are far below the international market prices. Gasoline prices in the Singapore market have reached US$55.17 per barrel, which translates into domestic prices of 4,850 yuan per ton, which is 1,389 yuan per ton higher than domestic gasoline ex-factory prices. The price of refined oil and crude oil prices are "upside down." The average ex-factory price of gasoline from January to May of Fushun Petrochemical Branch was RMB 2897/ton, which was lower than the crude oil price of 235.6 yuan/ton after deducting the consumption tax; the average ex-factory price of 0# diesel was 2919 yuan/ton, which was lower than the consumption tax. Crude oil price was 53.6 yuan/ton.
As the country has just eliminated the consumption tax on naphtha and solvent oil, Liaoning crude oil processing companies may reduce losses or remain flat in the second half of the year, but the profit margin has been set. The refiners reflected that China's current oil product sales are more profitable, and the difference between the factory and retail prices is between 38.5% and 39.3%. It is recommended that the state adjust the profit distribution of oil production and sales, and appropriately increase the refinery capacity. The ex-factory price of refined oil.
In the first half of this year, the loss incurred by Liaoning's petroleum refining industry is unprecedented. The price of crude oil has increased the cost of enterprises. Take Fushun Petrochemical Company as an example. From January to May, the average price of Daqing crude oil was 2,855 yuan/ton, compared with 1910 yuan/ton in the same period of last year. The crude oil price was calculated based on the processing volume of crude oil 0.404 million tons. The increase in costs was 3.82 billion yuan; the average price of petroleum products was 3,116 yuan/ton, compared with 2,642 yuan/ton in the same period of last year. Based on the output of 3,627,000 tons, the increase in product prices increased revenue by 1.72 billion yuan. This reduced the benefit of 2.1 billion yuan due to price effects.
At present, domestic crude oil prices are basically synchronized with the international market, while refined oil prices are far below the international market prices. Gasoline prices in the Singapore market have reached US$55.17 per barrel, which translates into domestic prices of 4,850 yuan per ton, which is 1,389 yuan per ton higher than domestic gasoline ex-factory prices. The price of refined oil and crude oil prices are "upside down." The average ex-factory price of gasoline from January to May of Fushun Petrochemical Branch was RMB 2897/ton, which was lower than the crude oil price of 235.6 yuan/ton after deducting the consumption tax; the average ex-factory price of 0# diesel was 2919 yuan/ton, which was lower than the consumption tax. Crude oil price was 53.6 yuan/ton.
As the country has just eliminated the consumption tax on naphtha and solvent oil, Liaoning crude oil processing companies may reduce losses or remain flat in the second half of the year, but the profit margin has been set. The refiners reflected that China's current oil product sales are more profitable, and the difference between the factory and retail prices is between 38.5% and 39.3%. It is recommended that the state adjust the profit distribution of oil production and sales, and appropriately increase the refinery capacity. The ex-factory price of refined oil.
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