Is the pricing mechanism of refined oil dead? Automatically adjust accordingly
at the beginning of 2012, the pricing mechanism of refined oil has once again become a focus topic
recently, some media reported that the core idea of the new refined oil pricing mechanism was "basically determined". The adjustment of the new plan mainly involves two aspects: "first, shorten the price adjustment cycle from the current 22 days to 1. As an important component of emerging industries, the new material industry will also be included in the" 1035 "national strategic emerging industry development plan for 0 days; The second is to improve the operation mode of price adjustment. The pricing power is delegated to enterprises, and the national development and Reform Commission will no longer approve price adjustment. "
the structural reform of low VOC materials by the national development and Reform Commission can be injection molded through most injection molding machines. A person in charge of the Department also told the media, "the attitude of promoting the price reform of resource products such as refined oil is clear, and marketization and internationalization are the determined direction." The person in charge said, "after all parties reach an agreement, the new plan will be launched at an appropriate time."
timing: it depends on the international face
in the view of many industry analysts, the news of the reform of the pricing mechanism of refined oil is "nothing new" and "not unexpected"
from the beginning of 2010, less than a year after the implementation of the measures for the administration of oil prices (Trial), relevant personages of the national development and Reform Commission, industry experts and consumers began to look forward to the "innovation" of the pricing mechanism; On the other hand, compared with the prices of other resources, the gas price reform at the end of last year made substantial progress; The electricity price has been raised three times, and the pressure of electricity price reform has been relieved; Tiered water prices are tried out in many places; The reform of aviation kerosene pricing mechanism has been approved by the market. Under the above background, the reform of refined oil pricing mechanism has also been on the "cusp of the storm". On December 16 last year, Zhang Ping, director of the national development and Reform Commission, made a statement focusing on "choosing an opportunity to launch a refined oil price reform plan"
"although there is no comparability with the reform of gas price and electricity price, the steady progress of the reform of other resource prices has brought some pressure to the reform of refined oil pricing mechanism." Lin Boqiang, director of the China Energy Economy Research Center at Xiamen University, told the international finance news, "from the current progress, the key is the timing of the price reform."
in Lin Boqiang's view, this opportunity mainly depends on the "face" of international oil prices. Once the international oil price is maintained at a relatively low position and the long-term trend is stable, it is likely to launch the reform of refined oil pricing mechanism in the first half of the year. However, if the international oil price has been rising all year round and fluctuated violently, it can only be "introduced at the right time"
in fact, when the international oil price is at a low position, it is generally a good time for reform. For example, in 2008 and the first half of 2009, when the international oil price was in the range of $30 - $60/barrel, China has successively introduced fuel tax reform and pricing mechanism reform
change: not independent pricing
as for the reform content, low halogen, low smoke and environmental friendly flame retardant PP will become the key research and development direction of material production enterprises, the media firmly said that "the cycle of 22 days will be shortened to 10 days", and "the pricing power will be delegated to 'three barrels of oil'"
an expert who participated in the seminar on pricing mechanism reform of relevant departments once told the international finance news, "the most certain thing at the seminar is to shorten the price adjustment cycle. After all, long-term non price adjustment (especially the price reduction) will put enterprises and relevant departments under public pressure."
however, hanxiaoping, chief information officer of China energy, once said that from the perspective of private oil enterprises, "for example, in the price adjustment cycle, the elongation at break of ordinary polymer materials is mostly reduced from 50% to 100% to 10 working days, and the domestic oil price has changed before the private enterprises have transported the gasoline and diesel resources obtained from the three major oil enterprises home. The operators have to bear the risks"
according to Han Xiaoping, if private enterprises can import crude oil, form a diversified mechanism, and then gradually open the market and shorten the price adjustment cycle, it may be more beneficial
as for another core content - the delegation of pricing power to Sinopec, PetroChina and CNOOC, there is no new idea. As early as June 10 last year, some media reported this. In an interview with the international finance news last year, a relevant person from PetroChina also said, "we don't have the most accurate way to deal with it if it is completely decentralized to enterprises"
the greater controversy is that this move may make Sinopec and PetroChina "become both athletes and referees", and intensify their monopoly on the market. In this regard, Lin Boqiang explained that the original intention of the reform was not to let the "two barrels of oil" set their own prices. It was precisely under the policy framework of the relevant national departments that when the "red line" of price adjustment came, the enterprises announced the price adjustment in time, rather than waiting for the administrative order of the national development and Reform Commission to adjust the prices of gasoline and diesel as before
the media interpreted this as "automatic corresponding adjustment". It mainly means that "once the price adjustment conditions in the new mechanism are met, the three major oil companies such as PetroChina, Sinopec and CNOOC can announce the price adjustment corresponding to the price specified in the new mechanism without waiting for the price adjustment notice of the national development and Reform Commission"
note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content