According to the disclosure of National Bureau of Statistics data show that in 2010 China's apparent consumption of oil reached 10.813 million tons, an increase of 13.1%. And with global oil demand in the market compared to the total 40 million tons, accounting for about one-quarter share. This ratio means that China's excessive consumption of oil, or one another with hidden secrets, the Chinese oil market is really such a big cake?

    With questions, the reporter began a confirmation of the road. 20 years of work in the oil market, the marketing expert, head of the Great Wall Lubricating Oil Marketing Xu told reporters: "China's lubricants market in 2010, the actual consumption at 680 million tons." Subsequently, the reporter will verify the same problem in the domestic market, other major oil companies, they are almost regarded China's lubricants market in 2010, the actual consumption measured at between 6.5 to 7 million tons. It turned out 6.8 million tons oil one of the words is not the Great Wall, but also the domestic oil industry, the basic judgments.

    Major oil companies on the actual consumption of lubricating oil basic judgments and China National Bureau of Statistics data disclosed a difference of more than 400 million tons, during which the gap can be quite poor. Why there between such a huge difference? The gap is more than 400 million tons produced? The middle of what is hidden clue? Is this the collective misjudgment of oil companies or the Chinese oil market "looks beautiful" and being inflated?

    Let us outline with the face of apparent consumption, to restore the true face of China's oil demand. This is for the oil industry and those concerned about China in terms of oil development, and perhaps is an interesting and valuable topic.

    Break the apparent consumption of confusion: the apparent consumption of actual consumption ¡Ù

    Apparent consumption = production + imports - exports.

    China's lubricants market in 2010 production was 8,569,000 tons, imports of 245 million tons and export 20.6 million tons, resulting in 2010 the apparent consumption of China Lubricant 10.813 million tons of results.

    According to oil industry stakeholders said: "Lubricants apparent consumption statistics in the actual consumption can not be the case, the value to statistics by the apparent consumption, this value and the actual consumption of a certain gap. In statistical lubricant manufacturers and imports duplicate the process of calculation is the main reason causing the gap. "

    Transactions between oil companies, give a simple example, A and B companies to trade vendors, B manufacturers to sell products to the market then the actual user, A and B companies trading firms involved if the base oil or semi-finished products, A B manufacturers and vendors that will be included in the trading volume in its production, which resulted in the production of double counting. In addition, imports of 2.45 million tons, according to international trade for many years in the oil related sources, is the basis of which about 2.2 million tons of oil. Lubricant base oil by domestic firms into the oil processing and production, through production, while the consumption of base oil after the imports are still included, which resulted in double counting and therefore the fact.

    Sweep away the fog of apparent consumption, it is easy to see, reflects the apparent consumption among the various oil companies and industry conditions and production between the oil industry production and the internal inter-industry trade size. Apparent consumption and actual consumption are two different concepts, and the apparent double counting of consumption net loss and warehousing, and other parts of the actual consumption is real, "weight" over China's apparent consumption of lubricant is The actual capacity of the oil market in 2010, the actual capacity of China's lubricants market is the major oil companies at home and abroad to determine the collective 680 million tons.

    Discern different consumption: insight into the macroeconomic and industrial markets

    Level of economic development being of direct nerve traction lubricants market, and oil is the economic development indicator. A long follow-up study of the global oil market experts believe that: "the actual economic growth and oil demand growth ratio of about 2:1."
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