It is not just Zhongyuan Marine Energy that has received orders. As the industry leader, this company maintains a market share of more than 55%, but other oil shipping companies have also received a large number of orders.
The sudden large-scale new orders received also caused its performance to rebound strongly and counter-cyclically. The stock also reached a new high for the year. From the low on February 28 to now, the cumulative increase has exceeded +37%.
Obviously there was a lot of money that knew the inside information in advance.
However, in the current capital market, except for insider funds, most of them have not reacted at all. The performance of these shipping companies is about to undergo a major reversal. As a container shipping giant, Zhongyuan Shipping Holdings’s stock price is still hitting new lows and medium-lows.
The quarterly performance is even more impressive than that of Haineng.
The goal of this reserve increase is to reach a net import volume of at least 180 days, with a daily import volume of 2.8 million barrels as the target, which means that more than 500 million barrels of strategic oil reserves will be added in half a year. Once this goal is achieved, it will
To create an unprecedented import record, it is very likely that the total import volume this year will reach 1 billion tons. You must know that the total import volume last year was only about 500 million tons.
Relevant parties are accelerating the launch of the multi-phase construction project of the National Strategic Petroleum Reserve Base, which not only increases reserve space, but also boosts economic growth through infrastructure construction.
Adding more than 500 million barrels of strategic oil reserves will definitely require the construction of a huge oil storage base and the development of infrastructure projects, which will also be good for stimulating economic growth.
In such a big country, economic growth is not as simple as saying that it can be appropriately reduced. An appropriate reduction in the growth point means that many people will lose their jobs. Some economists just stand up and talk without pain. After all, they will not lose their jobs. They
There is no pressure to pay monthly payments.
Now that oil prices are plummeting, not only are the lives of North American shale oil and gas companies hanging on a thread, but rabbits here are also starting to buy cheap oil on a large scale. It's surprising that the general can sit still.
For Tiansheng Capital, it is not easy to achieve the goal of net imports of more than 500 million tons of oil in the oil sector alone, because futures trading and spot trading in the crude oil market are very different, such as quota issues, etc.
The water here is also deep.
…
Friday, April 3rd.
Tiansheng Capital Headquarters, Board of Directors.
At around 3 o'clock this afternoon, Lu Ming convened a meeting with 11 other directors to discuss the company's "Buy Global, Buy Global" strategy. The focus of the board meeting was crude oil, the most important commodity among commodities.
"...What? Sign a ten-year contract order with Venezuela, or at a price of US$45 per barrel?" Xue Zhongming, the director of the agency attending the meeting, said in shock. When other directors present heard Lu Ming raise this question,
They were all extremely shocked.
The current price of crude oil once fell below 20 US dollars per barrel, which is almost double the price in the premium market. Although Venezuela’s oil reserves are said to be the largest in the world, most of them are heavy crude oil.
, mining costs are high.
"This is not a slap on the head decision, but an indispensable strategic move, and it is one of the important bargaining chips to force the United States to compromise." Lu Ming said in a deep voice, and all the directors present at the meeting
Hearing his tone, I also understood that he had already made up his mind about this meeting.
Lu Ming looked around the crowd and said in an orderly manner: "Today, the general trend has changed. It is time to get the pricing power of refined oil products back. To take a step back, we have to bargain with the United States on this matter. This is what we are doing with the United States.
An extremely important core bargaining chip in negotiations.”
Everyone was shocked when they heard what he said about taking back the pricing power of refined oil products.
Several directors present at the meeting looked at each other, wondering what Lu Ming meant?
Or does it mean the above?
This is no small matter!
The current domestic refined oil pricing mechanism originates from the refined oil pricing mechanism implemented in 2008.
Its main content is: changing the current pricing mechanism that allows the retail benchmark price of refined oil to fluctuate up and down to implement a maximum retail price, and appropriately narrow the price difference in the circulation link. The maximum retail price is determined based on the ex-factory price, plus the price difference in the circulation link.
, thus forming a pricing mechanism in which mainland refined oil prices are indirectly aligned with crude oil prices in the international market.
In other words, domestic oil prices and world oil prices have established such a linkage mechanism.
Later, some adjustments were made, that is, when the oil price is lower than a certain level, it does not need to be based on this, and when the oil price is above a certain level, it does not need to be based on this. Basically, this is the state.
Lu Ming looked at everyone and said: "We were originally a super large customer. Logically speaking, we could sign a long-term contract and adopt the wholesale price, but it turned out to be the retail price. We suffered too much from the current pricing mechanism. At that time, our national strength was not enough.
It is also understandable that there are some other factors that contributed to this pricing mechanism. The main reason is the lack of national strength, but things are different now. Today is different from the past."
"Many people think this mechanism of linkage between refined oil products and the international market is quite fair. If the international oil price rises, we will rise with it. If the international oil price falls, we will fall. But in reality? It is equivalent to taking the world's largest oil
In the consumer market, the terminal price of oil consumption in the largest oil import market has given virtual trading in Europe and the United States, and futures market transactions have provided price endorsement."
"In other words, over the years, through their virtual trading and futures trading, the West has used the price leverage of the futures market to actually regulate the price of oil in your mainland. This is actually a very serious matter, that is,
The rise of Tiansheng in recent years has made some gains in virtual trading, and we still have to be cautious and play a cat-and-mouse game with them. But compared with the losses we suffered for so many years, the steel coins we have made up for are nothing.
A drop in the bucket.”
Lu Ming, who was sitting at the head of the meeting, paused for a moment and looked around Gao Hua. Xue Zhongming and other directors continued: "Now the entire international oil futures market is controlled by the United States. It is US dollar oil futures. It is done by the European side.
Brent is also quoted in U.S. dollars and is also a U.S. dollar oil futures."
"If these oil futures are directly bound to the terminal price of your mainland oil consumption, even if the terminal price is denominated in RMB, the adjustment will still follow it. It is equivalent to indirectly endorsing other people's US dollars. Of course they are happy.
But having said that, Yu Mo is exactly a key core bargaining chip in our negotiations with Lao America."
Everyone couldn't help but nodded. It's not difficult to understand. All you need to say at the negotiation table is: If you dare to tamper with the money I cut based on my ability, then I will take back the pricing power of refined oil.
When America heard this, she was so scared that she couldn't help but feel restless. At least she had to weigh the pros and cons and start to settle the account.
"Why do we need to increase our share of oil trade with Venezuela? We need to sign a ten-year long-term contract? We have to buy heavy crude oil at a premium of US$45?" Lu Ming looked at the crowd and asked.
A premium of US$45 seems to be a big mistake now, but two years later, when the oil price soared to a high of US$139, looking back, it was really not expensive to directly sign a long-term contract and anchor the price at US$45.
For your own use, it can offset part of the violent fluctuations in oil prices, which is conducive to stabilizing the economy. The violent fluctuations in commodity prices such as oil have a huge impact on the stable development of the economy.
If you take it and sell it, you can double the profit if you resell it.
This is the difference between wholesale price and retail price.
