On May 25th, domestic refined oil products will open a new round of price adjustment window. By then, there will be no suspense in the “five consecutive rises”.
International crude oil approaching $80 mark
Domestic product oil prices 'five consecutive up' no suspense
The reporter learned from the social monitoring agency that the recent international crude oil price rose close to the threshold of 80 US dollars and is expected to maintain a strong trend in the short term. On May 25th, domestic refined oil products will open a new round of price adjustment window. By then, there will be no suspense in the “five consecutive rises”. .
On May 11th, the international crude oil continued to maintain its strong trend after the refined oil products were upgraded. With the OPEC monthly report, the OECD oil stocks continued to decrease in March, indicating that the OPEC countries’ production reduction effect is continuing to ferment, and the political turmoil in the Middle East has triggered market-related supply prospects. Concerned about the mood, the price of oil closed up two days in a row.
Due to tighter supply and strong demand, in the European market intraday on May 17th, Brent crude oil was further approaching the $80 mark, which is the highest level since November 2014. ANZ Bank stated that Brent crude oil may break through each Barrel $ 80. Morgan Stanley said it has raised Brent crude oil price estimates and believes it will rise to $ 90 a barrel by 2020.
Affected by the high crude oil international operation, the rate of change has continued to develop since the current round of valuation cycles. According to Jinlian, the average price of the reference crude oil for the fourth working day as of May 17 was US$74.69 per barrel, with a rate of change of 3.9. %, corresponding to gasoline and diesel prices increased by about 200 yuan per ton, the current round of price adjustment window for 24 hours on May 25. Zhuchuang information monitoring data is 3.84%, corresponding to the increase of 167 yuan.
Xu Pengchuang analyst Xu Peng believes that in the short term, the international crude oil will easily rise and fall, and the rate of change will maintain a positive volatility. This round of oil retail prices usher in the “five consecutive rise” can be said that there is no suspense, and gasoline and diesel The increase is expected to continue to expand.
In response to favorable news, the domestic wholesale market for refined oil products continued to soar. As the price of gasoline and diesel rose during the last round of the pricing cycle, midstream and downstream users on the venue had already stocked a large amount, taking into account the fact that the market was in stock. Most industry insiders expect refined oil prices to enter a correction period and may even moderate a correction. However, under the stimulation of continued rise in crude oil, the willingness of buyers in the market has also increased. Shandong Geotechnics continues to lead the oil price from this Tuesday (May 15th). Up.
According to Jinlianchuang's refined oil valuation, the number of Shandong No. 0 diesel vehicles increased by RMB 100 to RMB 6,450 per ton in the past two days, and the cumulative number of gasoline produced by CNOOC was RMB 50 to RMB 7,350 per ton. Mainly, the last two days The diesel gains were all at 50 yuan per ton. On May 16th, the 0# trucks were mainly traded at 6,500 yuan to 6,800 yuan per ton, and 92# gasoline was traded at 7,500 yuan to 7,700 yuan.
