Analysts said yesterday that the securities industry, as the international price of crude oil futures once again dashed hundred US dollars, PetroChina, Sinopec's operating profit further squeezed, and the enterprises require financial subsidies are growing louder and louder, the domestic refined oil prices may further rise and further increased.

Guotai Junan Correlation Analysis said that the international crude oil futures prices will lead to PetroChina, Sinopec's operating profit has been further squeezed, Sinopec will be larger than the difficulties encountered in the oil.
Since China adopted crude oil prices tied to the international market, while the price of refined oil from government regulation and control mechanism. Take into account the affordability of the lower reaches of consumers, prices for domestic oil products and crude oil prices were inverted, the international crude oil price fluctuations will not have a direct impact on consumers, but will be on the domestic refined oil price formation pressure.

After the news, Sinopec Group has been the government's 10 billion -150 billion in subsidies to make up for high oil prices caused losses to the enterprise. Industry, compared with the CNPC, Sinopec oil fewer resources, more imported crude oil, soaring oil prices, in the petrochemical refinery also requested the start of its more than 30,000 gas stations all operation, resulting in losses increased, as a company, access to state subsidies are also reasonable. It was learned that in 2005 and 2006, respectively Sinopec national financial subsidies to 10 billion yuan and 5 billion yuan.

However, the news has not been confirmed by the parties enterprises. Many analysts believe the securities industry, the petrochemical can continue to receive financial subsidies, the industry has been the focus of attention of the "two sessions" after the matter is expected to gradually become clear. At present it is certain that international oil prices high in the U.S., in the petrochemical refinery loss is inevitable. Question losses reach a certain critical point, the price of domestic oil products is expected to be stimulating.

A-shares in the oil Kaipanjiage for 25 yuan yesterday to close at 24.11 yuan, or 2.55. Sinopec 30 billion convertible bonds issued, on the 20th day suspension Placing purchase.

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