Are refineries currently lowering or raising the diesel-to-gasoline ratio?
Thread Content
I’m a student; I’ve never worked in a factory. I heard Academician Li Dadong say that China’s demand for diesel has passed its peak, and that refineries will need to reduce the ratio of diesel to gasoline in the future (http://news.cnpc.com.cn/system/2016/06/29/001598322.shtml). However, I’ve also read in some news reports that diesel is sometimes subject to purchase restrictions due to a shortage of supply. I don’t quite understand it – on the one hand, there is a shortage of diesel, while on the other hand, refineries are reducing the ratio of diesel to gasoline. The production of refineries goes against market demand! Moreover, it is said that diesel is used more in Europe than in China, and it seems that diesel engines are more fuel-efficient and provide more power. So why is China’s development path opposite to that of Europe?
Some people say that housing prices in China are not high enough and should rise further, while others say that housing prices in China have reached their limit. So, are housing prices in China already at their peak or not high enough?
:I’m asking serious questions, but you just make jokes at me
I’m not joking; I read the article from the external link. It was just a short piece written by a researcher at CNPC, who made unfounded assumptions that refineries had reduced the ratio of diesel to gasoline, and it couldn’t prove that refineries’ production was going against market trends. The second issue is that the arguments are all based on claims and appearances, with no factual evidence. It doesn’t mean that China’s development path is the opposite of Europe’s.
If you’re going to be so pedantic, I’ll have to write an article for you with statistical data and references. I’m just asking a question; if you think what I said is wrong, then it’s wrong – explain it if you can, or just leave it alone.
The interview with the academician turned into a short article by a researcher… Besides, the production capacity of gasoline and diesel is not like that in the real estate sector; the ratio of gasoline to diesel also reflects the health of the economy. For example, during the good economic times a few years ago, when logistics were well-developed, it was common to see queues for diesel. Guangxi Petrochemical adapted to these conditions by producing diesel with a ratio of 1.2 to gasoline. In recent years, as the economy has declined and there has been an oversupply of diesel capacity, reducing this ratio has become a common market practice. Some of our country’s diesel is now exported, and naturally, companies focus their efforts where they can make profits.
LZ is a student who doesn’t have a detailed understanding of the market; by learning more about market information, such contradictions will no longer arise. Currently, the entities that react most quickly to market changes are refineries, as their production patterns serve as a clear reflection of market dynamics
That’s correct; it shows that Guangxi has an excess capacity in diesel production. Are there any other places with an excess capacity in diesel production? Are there any areas where there is a shortage of diesel? Just as the original poster of this thread said.
That’s correct; it shows that Guangxi has an excess capacity in diesel production. Are there any other places with an excess capacity in diesel production? Are there any areas where there is a shortage of diesel? Just as the original poster of this thread said.
The original intention of the poster wasn’t to discuss where there is an excess or a shortage, but rather to ask about a broader trend. The diesel-to-gas ratio in newly built refineries is now very low, around below 0.5. Isn’t this a major trend?
Thank you; now I understand. It turns out that the production plans of refineries are also affected by **economic conditions**