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The current round of refined oil price adjustment has a large probability of stagnation.

January 11, 2019 03:25
Author: Su Shi Yu

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Summary
[The current round of refined oil price adjustment is stranded. The market is pushing up or shrinking.] Recently, OPEC's firm attitude of reducing production and the decline in crude oil inventories and the weakening of the US dollar supported the oil market. International crude oil continued to rebound sharply overnight. Affected by this positive, the retail price adjustment of refined oil products is expected to turn from negative to positive. (Securities Daily)

Recently, OPEC's firm attitude of reducing production and the decline in crude oil inventories and the weakening of the US dollar supported the oil market. International crude oil continued to rebound sharply overnight. Boosted by this positive,Refined oilThe retail price adjustment is expected to turn from negative to positive.

As of January 10, the 8th working day of this round, Zhongyu Information measured the crude oil change rate of 0.32%, crude oil valuation of 55.283 US dollars / barrel, compared with the benchmark price rose 0.176 US dollars / barrel, the corresponding increase of 25 yuan / ton, temporarily It is expected that the zero price limit of refined oil at 24 o'clock on January 14 will not be adjusted.

Zhuo Chuang Information Oil ProductsAnalystZhang Yixin said in an interview with the "Securities Daily" reporter yesterday that the current round of refined oil retail price adjustment price is aground. Due to the frequent transmission of news, the wholesale prices of refined oil products of domestic main units and local refineries showed an increase, operators increased operations, and market transactions improved. At present, the domestic crude oil change rate is at a low level, and there are still two working days for the price limit adjustment. If the crude oil continues to rise, it will drive the rate of change from negative to positive and increase in the positive range. Therefore, it is not excluded that the 24:00 on January 14DieselThe retail price limit is likely to increase slightly.

Zhongyu Information Oil Product Analyst Hu Xue told the "Securities Daily" reporter yesterday that the originalOil priceThe grid continued to rise sharply, and the refined oil market continued to rise due to the crude oil.gasolineDiesel prices are still up wide. Among them, the price of gasoline and diesel in North China and East China rose by 50 yuan/ton to 200 yuan/ton. Recently, the downstream purchases have been temporarily closed, and the price has started to decrease after the price rises.

For the forecast of the market outlook, Hu Xue said that after the crude oil rose, the high-level shocks were consolidated, and the gains were temporarily eased. In addition, the market players' decline in the acceptance of high-level resources has declined, and the push for gasoline and diesel in the market may have narrowed. However, considering that the sales activities of the main business in the region are reached in advance, the shipping pressure is not large. It is expected that the price of gasoline and diesel in the market may remain firm in the near future, mainly to wait and see.

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(Article source: Securities Daily)

                (Editor: DF407)

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