Petrochemical Heroes urged the Development and Reform Commission to increase prices, the refined oil price adjustment window has opened

The price adjustment window for domestic refined oil products has been opened, and the two major petrochemical companies, which are closely linked to profits and oil prices, could not hold back the “supervision” of the National Development and Reform Commission to “rise oil prices”. Yesterday, sources said that insiders of PetroChina confirmed that the giants PetroChina and Sinopec have submitted an application for an increase in oil prices to the NDRC. Analysts also believe that the current international crude oil prices have risen steadily, and the “boots” for domestic refined oil prices may land at any time after the “two sessions,” and are expected to increase by RMB 400-500/t, or about RMB 0.3 per liter of oil.

The rise in oil prices has not risen. The two giants complained about the oil refining losses. Major institutional data yesterday showed that the change rate of crude oil in the three places has rapidly risen to above 9%. This week, the figure has broken 10%, which is a nail. Among them, An Xun Sixiwang energy data shows that on March 12, the continuous movement of the weighted average price of crude oil in Brent, Dubai and Xinta has reached a rate of 9.94%, which is much higher than the 4% red line.

The oil price should be adjusted upwards without adjustment. The petrochemical duo sees the loss of profit and cannot sit still. “As far as I understand, the insiders of the two companies are doing some applications for raising oil prices.” Treasure Island analyst Han Jingyuan told Xin Express reporter yesterday that because of the examination and approval system for domestic product oil price adjustment, the price adjustment plan was reported by the National Development and Reform Commission. It must be approved by the State Council before it can be settled.

Before the NDRC fixed the price adjustment plan, did the company propose this link? In this regard, Han Jingyuan said there is no special process, but the company will reveal the market will and price expectations. She said that before the domestic product oil took into account price and social affordability, the rise was less than the international rate, the refinery's processing costs are higher, and the current refinery processing profit margin has been at a loss.

PetroChina Jiang Jiemin, chairman of CNPC, once disclosed that the company’s 2011 refining segment loss was higher than the expected RMB 50 billion, and this year's refining sector losses will continue to increase.

The price of oil did not fall. The two giants remained silent. When the price of oil was raised, companies would appeal to the National Development and Reform Commission, but the petrochemical players will remain silent. However, whether the National Development and Reform Commission will raise the price of oil as the wish of Petrochemicals, Han Jingyuan believes that there are also variables. "If there is no proposal, it must be adjusted. There have been a number of times before the rise has not risen." Han Jingyuan said that the NDRC's adjustment of the oil price is not directly related to the company's proposal. The nature of the petrochemical doubles is greater than the decisive significance. . The most important price adjustment is to see whether the internal and external conditions are adequate. In this period of price adjustment, she believes that crude oil has indeed been at a high level, and resources in the later period will be narrowed, making it more likely to adjust prices.