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February 2022 China coastal crude oil and refined oil transportation market analysis report

 Last Update: 2023-03-08
 Source: Internet
 Author: User

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In February 2022, affected by the international situation, crude oil futures rose continuously, refined oil prices maintained a strong operation, high costs, refinery processing profits declined, coupled with the impact of refinery maintenance, the operating rate remained low
.
In terms of the transportation market, after the Spring Festival, the transportation capacity is released centrally, but the downstream inventory is full, the port unloading pressure is greater, and the freight rate is down
.
In the second half of the month, as the temperature in the north rises, the recovery of downstream demand accelerates, the downturn in the refined oil transportation market improves, and the price of refined oil transportation continues to decline slightly, and the decline narrows
.
On February 25, the freight rate index of refined oil goods released by the Shanghai Shipping Exchange was 1414.
33 points, down 2.
3% from the same period last month; The crude oil freight rate index was 1557.
48 points, unchanged from the previous month
.

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