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Oil price of finished products may increase the most under the new mechanism

wallpapers News 2020-11-25

despite the persistent oversupply in the domestic refined oil market, the oil price may have the largest increase since the implementation of the new pricing mechanism in March this year on July 19. According to the current trend of international oil prices, the price adjustment window for refined oil will open again on the 19th, with an increase rate of about 200 yuan per ton a maximum of 300? D350 yuan per ton. The price adjustment of

has not been in suspense. Since the beginning of July, due to the turbulence in Egypt the economic data of developed countries in Europe the United States, the international oil price has continued to rise. WTI oil price in New York has increased by 9.7% compared with the end of June, Brent oil price has increased by 6.5%. Data released on July 15 by Xinhua's oil price system showed that the average price change rate of a package of crude oil on July 12 was as high as 5.01%. According to the current situation, refined oil may receive the largest increase since the implementation of the new pricing mechanism in March.

Longzhong Petrochemical network product oil analyst Si bin believes that the current international crude oil market is difficult to have new good news injection, this week's oil price correction is expected to be strong, in view of the previous accumulation of a package of crude oil average price change rate is high enough, the domestic product oil price is likely to rise on the 19th, is expected to increase by about 200 yuan per ton. In addition, the recent US Federal Reserve officials on QE have different opinions, it is expected that crude oil will remain at a high level in the near future.

gold silver isl analyst Han Jingyuan believes that the refined oil price adjustment window will open on the 19th, the increase rate will not be less than 200 yuan / ton, which will stimulate the mentality of the downstream market. Domestic supply dem should be taken into account in the reform. Although the price of refined oil products was raised on the 19th, there was little suspense about the oversupply of domestic refined oil market the price rise in fact. Throughout the several oil price hikes since this year, most of them run counter to the dem situation. According to the latest statistics of the General Administration of Customs of

, China imported 21.6 million tons of oil products in the first half of the year, up 6.8% year-on-year; 14.7 million tons of oil products were exported, a sharp increase of 23.9% year-on-year. Analysts said that the overall supply of gasoline diesel in China exceeded dem this year, leading to a decrease in imports an increase in exports. According to media reports, the national development Reform Commission recently interviewed some oil product production operation enterprises to underst the domestic oil product market situation study the change trend of oil product supply dem in the second half of the year. The purpose is to alleviate the imbalance of domestic supply dem the high storage pressure of oil gas.

on June 22, the oil price of finished products increased for the second time since the implementation of the new pricing mechanism. At that time, the increase of 100 yuan / ton was in contrast with the cold oil market. Chen Qing, an analyst with Zhuo Chuang information, said that the current pricing mechanism could be described as "dancing face to face" with the international crude oil price, but it did not consider the supply dem situation of domestic downstream market. At present, the financial attribute of international crude oil is gradually becoming the dominant factor of price, the domestic crude oil dependence degree is as high as 57.1%, the domestic energy security will be affected. "The consideration of supply dem in the domestic market will be the focus of the next reform of China's refined oil pricing mechanism."


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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