Analysis of refinery operating rate and theoretica

2022-08-24
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Refinery operating rate and theoretical profit and loss analysis in March 2010

I. comparison chart of atmospheric and vacuum distillation operating rate of local refineries in South China and Shandong

the chart shows the trend chart of operating rate of local refineries in South China and Shandong. (image source: Treasure Island)

1. The operating rate of South China local refineries reached 26.9%

among the 15 local refineries surveyed by Treasure Island, the refineries currently operating include Panyu Huahong, Heshan Yingchang, Zhongshan Tianyi, Foshan Ruifeng and Sanshui Santai. The overall operating rate is 26.9%. Due to the different quality of raw materials, the products produced are also different. It is reported that Zhongshan Tianyi has a shutdown plan. Due to the lack of raw material supply, especially the shortage of some raw materials with relative price advantages, the processing of straight run oil will greatly impact its refining efficiency. Panyu Huahong currently has a smooth delivery of products, especially non-standard oil. The contract has been signed until next month. At present, it is actively looking for raw materials for stock

the local refineries counted by jinyindaoyuan include: Heshan Yingchang, Guangzhou Huahong, Dongguan Chaojie, Sanshui Futeng, zhaoqingrongtai, Dongguan Xinneng, Foshan Ruifeng, Panyu Fanlong, Panyu Qimei, Dongguan Yelian, Guangzhou Haishun, Sanshui Longchi, Sanshui haishengda and Zhongshan Tianyi. Since this report has played an important role in promoting China's transformation from a large country of surface materials to a powerful country, According to the statistics, three water and three Tai will be added to the earth refining

2. The operating rate of atmospheric and vacuum distillation unit of Shandong local refinery rose slightly this week

the operating rate of atmospheric and vacuum distillation unit rose slightly this week. According to the statistics of Jinyin island on 30 refinery units in Shandong local refinery, on March 24, the biomaterial content of shanrs nylon 6/10 was up to 70%, and the average operating rate of the atmospheric and vacuum distillation unit of Dongdi refinery was about 24%, which was 1 percentage point higher than the operating load counted last week

according to Jinyin Island, the 1.5 million ton atmospheric and vacuum ignition and driving of Dongming Petrochemical this week caused a small increase in the overall operating rate of the large number of leaf springs adopted on the rail of the transportation artery. It is expected that the 300000 ton/year atmospheric and vacuum distillation unit of Yongxin Chemical will be ignited and started on March 25 in the coming week; Haike petrochemical and Jingbo Petrochemical plan to start their units successively at the end of the month. In addition, Rizhao Yuanfeng's 1.5 million ton/year atmospheric and vacuum distillation unit is scheduled to be put into operation by the end of this month; Lijinsen chemical's 300000 ton/year atmospheric and vacuum distillation unit is also scheduled to start at the end of March; Changyi Petrochemical's 5million ton/year atmospheric and vacuum distillation unit is also scheduled to start at the end of the month. The 1.2 million ton/year atmospheric and vacuum distillation unit of Hualian Petrochemical will also start up at the end of March. In addition, the 1.25 million ton atmospheric and vacuum distillation unit of Shida technology will be shut down for maintenance, and it is expected to be opened before the end of April

according to the analysis of treasure island, according to the currently available commencement dates of each refinery unit, the end of this month and the beginning of April will be the peak period of the start-up of atmospheric and vacuum distillation units. It is expected that the operating rate of atmospheric and vacuum distillation units in Shandong refinery will gradually rise in the coming week

II. Analysis of theoretical profit and loss of local refinery:

1. Analysis of theoretical profit and loss of atmospheric and vacuum distillation plants in South China after precise measurement

at present, the market is still enthusiastic about the purchase of high-quality transfer oil, so the oil price of low sulfur residue is high and the goods are scarce, but the high sulfur residue is generally supplied to boiler users because of its poor quality. At present, the demand for fuel oil in this sector is not strong, so the sales of high sulfur residue is general, Some refineries' shipments were blocked. At the same time, the high price and good sales of non-standard oil also stimulated the enthusiasm of the refinery to continue to open. Today's transaction valuation of local refined products in South China: the price of high sulfur residue is yuan/ton, non-standard first-line oil price is yuan/ton, and second-line oil price is yuan/ton. Due to the higher price of straight run oil and the stable sales price of downstream products, the theoretical profit margin of local refining this week narrowed, and currently there is only a slight profit margin

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