炼油行业的大周期一般持续4～5年,而全球炼油毛利已经在2010年以来连续三年上升。中国国际金融有限公司董事总经理孔庆影认为,2013年或将是全球炼油行业景气周期的最后一年。2014年开始,炼油行业繁荣难再,新兴市场(主要是中东和亚洲)将最终迎来炼油产能的大规模 The large cycle of the refining industry generally lasts 4-5 years, while the global refining margins have risen for three consecutive years since 2010. Kong Qingying, managing director of China International Capital Corporation, believes that 2013 will be the final year of the global refining cycle. Beginning in 2014, the oil refining industry is no longer prosperous, and emerging markets (mainly the Middle East and Asia) will eventually usher in a large-scale refining capacity