On November 8, the Ministry of Commerce released the "Total Allowable Import Volume, Application Conditions and Application Procedures for Importing Non-state-owned Crude Oil in 2018". It is clear that the allowable import volume of non-state-owned crude oil will reach 142.42 million tons in 2018.
This is also the first time in recent years that MOFCOM has allowed the import of non-state-owned crude oil to exceed 100 million tons for the first time.
Zhou Guoxia, an analyst at Golden Alliance, said to the Daily Economic News reporter that this really gives a generosity to refining and related oil enterprises and trading enterprises because, in the case of a substantial increase in gross volume, the issuers' Meanwhile, the total non-state-owned crude oil trade will be issued in 2018 nearly one month earlier than last year, and it is expected that various refining enterprises will be able to get themselves earlier than last year The crude oil non-state trade imports allowable amount.
The permitted amount of imported crude oil increased by 62.6%
Into November, to refining enterprises for 2018 to refining imported oil quotas issued when has been very concerned.
Zhou Guoxia said that in recent years the data, the refining enterprises to import crude oil quota occupy non-state-owned crude oil import more than 80% allowance, or even close to 90%.
This also means that the amount of crude oil non-state-owned trade import allowance for refining enterprises to get how much quotas play an important reference.
Lao Chen, a Shandong-based refining enterprise management, has also been worried about this issue, and told Daily Economic News reporters that the first batch of quotas this year was delegated in mid-January. For the import and trade in January this year, He had always hoped that the quota could be released earlier in 2018.
The Daily Economic News reporter noted that on December 1 last year, the Ministry of Commerce announced that the total import volume of non-state-owned crude oil for 2017 was 87.6 million tons, while the first batch of quotas was issued on January 16 .
On November 8, the Ministry of Commerce announced that the allowable import volume of non-state-owned crude oil for 2018 was 142.42 million tons, up by 62.6% over the previous year's 87.6 million tons.
This is the first time in more than 100 million tons of this data in recent years. The data show that from 2014 to 2017, the above figures were 29.1 million tons, 37.6 million tons, 87.6 million tons and 87.6 million tons respectively.
Zhou Guoxia believes that the total non-state-owned crude oil trade in 2018 will be issued nearly one month earlier than the end of November last year. With reference to this kind of situation, it is expected that concrete refining and other units will take the lead in mid-to-late December 2017 The allowable import volume of crude oil to non-state-owned trade.
It is worth noting that although the Ministry of Commerce announced that the total allowable import volume of crude oil for non-state-owned trade in 2017 was 87.6 million tons, the data actually went far beyond this figure, of which the Ministry of Commerce twice this year The sum of allowances issued was 91.73 million tons, much higher than the total allowances announced at the end of last year.
Take batch release and additional adjustment
Zhou Guoxia said that in addition to these two groups, plus the subsequent additional were issued to the refinery's 11.79 million tons, add up In fact, this year the Ministry of Commerce issued a total of 103.52 million tons of crude oil imports of non-state trading allowance.
The current total import volume of non-state-owned crude oil imports in 2018 is also based on actual demand. "The new year's volume of 142.42 million tons is still exciting for the market, which basically includes the existing, pending and pending applications To refining and chemical and other small number of trade and other units of the entire expected number of 'Zhou Guoxia said.
The total allowable amount of over 100 million tons will still be adjusted during the actual delivery next year.
According to the information from the Ministry of Commerce, the distribution principle is still to be issued in batches and additional adjustments according to the actual import situation of the enterprise, the operation demand and the newly-added processing enterprises that meet the requirements, and the allowances are timely added and adjusted.
In the total increase, issued to the various refining enterprises more secure at the same time, Lao Chen for doubt the release of batches in batches.He said that every year to develop production plans, need to be from the specific number of imported crude oil to be fixed, The quota is divided into two batches, which means that although the first batch of quotas has been obtained first, there are still uncertainties that the remaining half of the quotas will not be issued, which will have an impact on the production and operation plan for the entire year.
In addition, Longxun information analyst Ding Xu told the "Daily Economic News" reporter said that because the international futures prices are volatile, so there is business need to wait for quotas to buy the situation. Due to the waiting time, making companies miss the low Price.
Ding Xu pointed out that, for refining enterprises, batch distribution for refining enterprises planned production there is a slight impact, but issued in batches better according to the actual situation and the need to use to make a more scientific adjustment.
The Daily Economic News reporter noticed that the first batch of quotas was issued in the first 10 months and the second batch only issued in November and December.