129773928423437500_21Hexun homepage established mobile phone version of the stock/fund micro-blogging news blog rolling financial capital history of the domestic economic and industrial economic current affairs news consumption in international economic life financial reviewThematic depth interviews a week topic hexun Newsweek predicted public laws and regulations cover data reading business school training hexun.com weather collection luxury calendar finance ministries financial products news > body print RSS size 2012-March 27 source: Beijing News author: Zhong Jingjing report from (reporter Zhong Jingjing) China petrochemical (600,028, unit) performance press conference, held in Hong Kong yesterday, EBIT, Chairman, said at the meeting, twice a domestic oil price adjustments at the beginning has significantly slowed oil refining loss, But increase in domestic oil prices lower than the rise in international oil prices and refining business is still a loss. Currently refining business is still a loss yesterday Sinopec disclosure of results showed that four-quarter rise in international oil prices, domestic oil prices effect adjustment are not in place. Sinopec net profit of 71.697 billion yuan last year
tera gold, only per cent from 2010. The fourth quarter of last year,The company's net profit plunged 30%, dragged down the performance gain is only up to 1.4%.
����Petrochemical refining losses amounted to $ 37.6 billion last year. As of now, the domestic oil product prices have been 2 adjustments, gained up to 900 Yuan per ton. In this regard, EBIT, oil price increases have slowed sharply refining losses
tera gold, but the refining business is still losingLoss, and pointed out that the current oil price adjustments and international oil price rises are not synchronized.
����For a recent oil price hike 600 dollars a tonne, after the national development and Reform Commission also said it had control of the gain, in accordance with the mechanism should run up $ 700 per tonne. Down pricing power is not an issue besides development and Reform Commission has recently expressed improvement programme has been submitted to the State Council and the refined oil pricing mechanism is optionalLaunched, the overall direction is to shorten the pricing period, from 22-day price adjustment period is shortened to about 2 weeks. But there has been speculation that oil prices will be adjusted by the Government delegation to the two largest oil companies, EBIT for this response, there is no delegation of pricing power in question, but the oil price should eventually be in the direction of the reform towards market-oriented, market pricing. For the next GovernmentDomestic fuel prices will adjust according to the pricing mechanism, the company is unable to determine. Goldman Sachs, the share price rose slightly yesterday, according to the report, China results in line with expectations, company's refining business substantial losses reflected the necessity of speeding up refined oil pricing mechanism reform in the Mainland. Report finds that Sinopec has fulfilled the commitments to enhance the upstream exploration operations, combined with its petrochemical productsDominance of the retail market, continued bullish on the unit to maintain "sure buy" ratings, target price $ 11 unchanged.
����China Hong Kong stocks rose yesterday by 1.5% per cent to HK $ 8.77, Sinopec shares closed at $ 7.44
tera power leveling, micro-rose 0.13%. There will be no market price to buy gas in China since it began last year, China together with the new Austrian energyEvents have been setbacks of Chinese gas. China issued in December last year and new Olympics bid, proposed $ 3.5 per share to buy gas in China, but acquisition of prerequisites include obtaining antitrust approval of Commerce and approved by the new shareholders. However has since twice postponed shareholders special general meeting of new energy, by the earlier postponed the end of February until the end of March, and then againUntil May 15, cause the acquisition to be stop dragging. In fact, the acquisition of Chinese who have been without gas Board recognized, burning Board decided to buy in price does not reflect the company's fundamental values, belong to the hostile bid. EBIT said yesterday that the acquisition is initiated with the new Austrian, Sinopec this acquisition to ensure stable supplies of natural gas,Bring value to the shareholders, Sinopec, but only in accordance with the market value to determine the price, will only pay the market price. China Gas employees against the acquisition, EBIT, Sinopec's purchase will not be at the expense of workers ' loss, and to provide better service to employees. (Zhong Jingjing) Shen Guo Wan Yin recommended reading: oil and petrochemicalDouble male refining petroleum refining losses continue to expand China's petrochemical industry 2011 2012 years refining losses 35.78 billion yuan (form)
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