裂解价差(Crack Spread):汽油价格或燃料油价格与原油价格的差值。当汽油价格或燃料油价格相对于原油价格上涨时,提炼石油的利润就会增加,即裂解价差将上涨,给原油价格更多的上涨空间。 裂解价差广泛应用于石油工业和期货交易中。原油和原油提炼品之间的价格差异即为裂解价差。它也可表述为炼油厂预期中“裂解”原油可获得的利润空间。
1裂解价差的比较对象是,购买三桶原油的成本与两桶汽油和一桶柴油售价之差。
The 3-2-1 crack spread compares the acquisition cost of three barrels of crude with the selling price of two barrels of gasoline and one barrel of diesel.
BP及Valero所发布的炼厂利润指标,以及由期货价格推算的一般裂解价差,均为将原油炼制为油品当中所取得的毛利。
Refining markers published by BP and Valero as well as the generic crack spreads calculated from futures prices are all for the gross margin obtained from turning crude into products.
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