International oil prices plummeted 11 percent a week Dan Youshang China will be the opportunity to gasp for breath

Sinopec shares plummeted doom Korean defectors Just the past week, the international oil price of 145.18 U.S. dollars a barrel from a height crashed, the four trading days, plummeted 16.3 cents, or as high as 11.2 percent. The most thrilling "jump" in the venue last Wednesday trading, the same day, New York crude oil futures contract settled at August was down 9.26 U.S. dollars, setting since January 17, 1991 the United States in the first Gulf War began air strikes against Iraq ( The same day in international oil prices plummeted 10.56 U.S. dollars a barrel), the biggest decline in prices. The current round of continuous slump, the international oil prices return to below 130 yuan per barrel in New York crude oil futures for August closed at 128.88 U.S. dollars a barrel, which is on June 5 this year, the lowest closing price. Qiao not without books, as the country's top refiner Sinopec precisely on the 18th issued warning that it expected first-half results will fall 50 percent year-on-year over the first half of last year, Sinopec's net profit of about 34.925 billion yuan. Sinopec's petrochemical two subsidiaries on the S and S for the first half of the performance also had been Yukui. The international oil prices plummeted in the release of the tremendous pressure on the petrochemical, and Yukuixingying accompanied the stock plummeted and bad luck did not happen, but the two cities of Shanghai and Hong Kong 18 Japan-China Petrochemical shares rose unexpectedly together, including the A-share prices rose 7.57 percent, To 11.09 yuan per share. In fact, the domestic price of crude oil and finished oil products has long plagued inversion of Sinopec. "This year, the international market oil prices rising, prices of finished oil products in tight control, and a crude oil price invert the situation. To take a number of measures to ensure the supply of refined oil market, causing the company serious loss of refining segment, the company the first half Thus the overall performance of a substantial decline in the same period last year. "Sinopec said. Sinopec subsidiary unit is also a Aisheng, S-S, petrochemical and all that is expected to vest in the first half of 2008 the net profit of the parent company shareholders will have a loss. First half of last year, S-S on the petrochemical and achieve the net profit of about 050 million yuan and 1.752 billion yuan. In the domestic refined oil pricing mechanism under the premise of poor, to save Yu Shuihuo of Sinopec's greatest strength is the decline in international oil prices. China's State Information Center forecasts of the World Economic Research Center, Niu Li experts believe that if we do not consider significant unexpected events, the international oil price increase is expected to slow down, unilateral soaring trend is likely to change.