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published in(发表于) 2016/5/8 3:33:44
US media said China’s oil imports to a record: Digest of global excess capacity

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US media said China's oil imports to a record: Digest of global overcapacity | oil imports _ news

File photo: bashkirian oil company in an oil field in the oil-drilling equipment. (Source: Reuters website)


Reference news network on May 8, US media reports said Bloomberg's shipping and tracking data show that 83 of 166 million barrels of crude oil was loaded supertanker sailed to China. In China in the first quarter of 2016 storage stunning 787,000 barrels of oil a day, the highest number of crude oil storage from 2014.


According to the United States, time magazine, May 2, when the whole world is trying to guess the price of oil would fall to 20 or even 10 dollars a barrel when China was engaged in hoarding its petroleum reserves. Since the beginning of this year, China's oil imports to a record level.


Reports as early as January 2015, Reuters reported that China plans to increase its strategic oil reserves from 30 days to 90 days. In January 2016, reports China is building underground storage reservoir to supplement the lack of the above-ground storage tanks.


Reports that China's urgent action point to two things: China believes crude oil prices at current levels for a long time, and because of the geopolitical supply disruptions, which could push oil prices to rise.


As a net importer of crude oil, the emergence of China is against Black Swan events, take advantage of the current low oil prices fill their oil tanks. These filled the oil tank will ensure that in the event of supply disruptions can have at least three months in the case of a steady supply.


So, whether China's unprecedented buying spree showed that crude oil prices to the bottom?


Reported that it is difficult to draw such a conclusion, but it does give the current low oil prices provided support, because if oil prices drop, China will likely resume its record-buying behavior, increase its strategic oil reserve.


In March China's total crude oil imported by large oil tankers is 7.7 million barrels a day. Addition to super tanker, China also imports crude oil through oil pipelines and the small tanker.


Reports said Chinese demand and shows no corresponding to the volume of imports increased by increase. Estimated at Morgan asset management, in March, China's total oil demand was 10.3 million barrels a day, down 2.5%, a decline of 2.3%, crude oil imports for the period is higher than over the same period last year.


Since April, has been on the rise in crude oil prices. April China import data will be provided on demand in China in the context of rising oil prices remains the same when he was a rising oil import prices fell clues.


Reports said if demand fell after the rise in oil prices, we can assume that China believed that the upturn in oil prices would not last. At a lower price level, Chinese buying may be a price at the bottom of a factor since China increased imports will reduce the degree of excess supply.


Similar and unique position as a producer of Saudi Arabia, China's behavior is like a big consumer. However, as China does not publish its data, it is difficult to estimate how long this trend will last.


Reports that although there are other factors that encouraged the bulls are buying at lower prices, but China's demand growth also help with digestion and excess capacity. If the decline in China's imports, the world will return to surplus, oil prices will return to levels below 35 dollars a barrel. (Compile/Cao Weiguo)



Responsible editor: Kun Qu SN117





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美媒称中国石油进口量创纪录:消化全球过剩产能|石油进口_新闻资讯

资料图片:巴什基尔石油公司一处油田中的钻油设备。(图片来源:路透社网站)


  参考消息网5月8日报道 美媒称,彭博新闻社的航运跟踪数据显示,装载了大约1.66亿桶原油的83艘超级油轮在驶向中国。中国在2016年第一个季度里每天贮存了令人惊叹的78.7万桶原油,这是自2014年以来最高的原油贮存数字。


  据美国《时代》周刊网站5月2日报道,当全世界在猜测油价会跌至每桶20甚至10美元的时候,中国却在忙着囤积其石油储备。自从今年年初以来,中国的石油进口量达到了创纪录水平。


  报道称,早在2015年1月,路透社曾报道说中国计划把石油战略储备量从30天增加到90天。在2016年1月,有报道披露中国正在建造地下储油库以补充其地上储油罐的不足。


  报道称,中国的紧迫行动指向两件事情:中国相信原油价格不会长期处于目前的水平,以及由于地缘政治的原因市场供应出现中断,从而可能推动油价上升。


  作为原油净进口国,中国正在防范黑天鹅事件的出现,利用当前的低油价注满自己的油罐。这些注满的油罐将确保在万一市场供应出现中断的情况下可以有至少三个月的稳定供应。


  那么,中国前所未有的疯狂购买是否表明原油价格到了底部?


  报道称,很难得出这样的结论,但是这确实给目前的低油价提供了支撑,因为如果油价下跌的话,中国完全有可能将恢复其创纪录的买入行为,增加其石油战略储备。


  3月份中国通过大型原油运输船进口的原油总量是每天770万桶。除了超级油轮外,中国还通过输油管道和小型油轮进口原油。


  报道称,中国的需求并没有显示出与进口量上升相对应的大幅攀升。摩根资产管理公司估计,3月份中国的石油需求总量是每天1030万桶,同比下降2.5%,环比下降2.3%,期间原油进口量则高于去年同期。


  4月份以来原油价格已经处于上升趋势。中国的4月份进口数据将提供有关中国需求在油价上升的情况下保持不变还是石油进口在价格上升时出现下降的线索。


  报道称,如果需求在油价上涨后出现下降,我们就可以假设中国认为油价的回升将不会持久。在较低的油价水平上,中国的购买可能成为决定价格底部的一个因素,因为中国增加的进口量将降低供应的过剩程度。


  与作为产油国中举足轻重的沙特相似,中国的行为就像是一个举足轻重的消费国。不过,由于中国并不公布其储备数据,人们很难估计这一趋势将持续多长时间。


  报道称,尽管还存在其他因素会鼓励多头在较低价位买入,但是中国增长的需求还有助于消化过剩的产能。如果中国的进口下降,世界将回归供应过剩,而油价也将会重新回到每桶35美元以下的水平。(编译/曹卫国)



责任编辑:瞿崑 SN117





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石油进口

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