In 2012,China's crude oil supply and demand was boomed,petrochemical industry was stable and good,but the risk of overcapacity increased.The haze forced the industry to accelerate the pace of transformation and upgrading.In 2013,the international oil prices will remain high and the average price volatile is expected to essentially flat with the price of 2012;The domestic refined oil price mechanism will be market-oriented further,but it is certainly not the last.Oil security is the core of China's energy security,it is very important to ensure that our oil is available,and at a reasonable price especially in the case of the current high level of dependence on foreign and international oil prices remained high. We should accelerate the introduction of crude oil futures,provide price risk management tools for corporate entities and take effective measures to control the excessive growth of oil consumption.
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