摩根士丹利：更多迹象显示中国石油需求下滑

据道琼斯2月1日消息，摩根士丹利称，去年第四季度中国汽油需求同比增长不到2%，12月则同比下降近5%。摩根士丹利称：“我们的观点是需求必须赶上供应才能解决石油供应过剩的问题，而且汽油是石油市场最重要的组成部分，若石油市场最大增长来源之一出现任何放缓迹象，都是对市场复苏时间的一种不祥征兆。”此外，尽管中国炼油厂加工量强劲，但摩根士丹利对于中国究竟有多少进口原油被终端用户吸收的问题仍存在怀疑。摩根士丹利称，内需减弱带来的中国成品油出口强劲增长或不足以阻止油品库存的增长。该行还称，中国强劲的炼油厂开工率和出口将给其他地区的炼油行业带来更大压力。

庞晓华摘译自道琼斯

原文如下：

More Signs of China Oil Demand Declining: Morgan Stanley

[Dow Jones] Morgan Stanley says China's gasoline demand grew less than 2% on-year in last quarter and down almost 5% on-year in December. "Given our view that demand must catch up to supply to fix the oversupply, and gasoline is the most important part of the barrel, any slowing trend from one of the largest sources of growth bodes poorly for the timing of recovery," says the bank. The bank also casts doubt over how much of China's imported crude is being absorbed by end-users despite the robust refinery run rates. It also says China's surge in oil product exports due to waning domestic demand is likely inadequate to prevent a rise in product inventories, adding that strong Chinese refinery runs and exports will add pressure to refineries in other regions.