2013 China's Fuel Oil Demand Increases Steadily

2013 China's Fuel Oil Demand Increases Steadily Recently, the Beijing International Conference on Fuel Oil Industry Development and Trade was held at the National Convention Center in Beijing. Organized by the Ministry of Commerce, the Beijing Municipal People’s Government, the China Petroleum and Chemical Industry Federation, and the Beijing Petroleum Exchange, the event brought together industry leaders, analysts, and policymakers to discuss the future of fuel oil in China. A key highlight of the conference was the release of the “2012 China Fuel Oil Market Report,” which forecasts that total fuel oil demand in China will reach 52 million tons in 2013. According to the report, China’s fuel oil production in 2012 stood at 19.29 million tons, with the three major state-owned oil companies—PetroChina, Sinopec, and CNOOC—accounting for 84% of the output. This represents a significant increase from previous years, with a 14 percentage point rise compared to the previous cycle. The surge in their market share is largely attributed to the growing production of marine fuel oil, which has seen strong demand due to the expansion of China’s maritime trade sector. The report also notes that from 2006 to 2011, both the apparent consumption and output of fuel oil in China declined by 5.3% and 4.4%, respectively. This decline can be partly explained by a weakening demand from refineries for imported fuel oil. However, the marine fuel oil market has experienced robust growth, becoming a major driver of fuel consumption in the country. Li Yongwu, president of the China Petroleum and Chemical Industry Federation, emphasized that China is now the world’s largest fuel oil consumer and importer. Despite this, he pointed out that the country’s reliance on foreign sources continues to grow. While the scale of consumption is impressive, China still lacks a strong, influential fuel oil trading center. The international trading capabilities of domestic enterprises remain limited, and the nation does not yet match its status as a major oil-consuming country. Liu Shaobin, president of the Beijing Petroleum Exchange, added that China has become a central player in global commodity markets, ranking as the world’s first or second-largest consumer of oil, non-ferrous metals, and iron ore. However, Chinese companies often find themselves at a disadvantage in international trade, frequently accepting prices set by foreign markets rather than influencing them. Liu called for the establishment of professional trading and logistics centers in strategic locations to support bulk commodity trading with innovative financial services. Looking ahead, Liu stressed that for China to become a global pricing center for bulk commodities over the next 10 to 20 years, it must develop not only exchanges but also spot trading and logistics hubs. This requires long-term strategic support from the government to foster the growth of commodity trading markets.

20V Cordless Plunge Track Saw

The 20V 2Ah 4Ah Cordless Plunge Cut Track Saw is Perfect for Cutting Wood, with High Precision, No burrs with good blade.

It is a Cordless wood cutting power tools that users feels much better, compared to Jig Saw or circular saw.

The Cordless Plunge Cut Saw with 30mm cutting depth without track.

The Cordless Plunge Track Saw With single speed, 4000rpm.

The 110mm Cordless Track Saw with Shaft Lock, for easy blade change.

Cordless Power Saw With a dust blower for max cut -line visibility.

Cordless Wood Cutting Power Tools with protection button for your safety, soft rubber handle for comfortable use.

The Cordless Tack Saw used with the Guide Rail or Track, to ensure the cutting straight ability for long distance work.

Plunge-Cut Circular Saw,Cordless Track Saw,Home Plunge Saw Cordless,Cordless Plunge Saws,Plunge Saws With Guide Rails

Ningbo Brace Power Tools Co., Ltd , https://www.cnbrace.com