Refined oil prices will increase by about 180 yuan/ton

After undergoing two consecutive rounds of price adjustments, domestic refined oil prices are expected to increase on August 30.

On August 27, 2013, the reporter learned from market analysis agencies that domestic refined oil prices will usher in an increase of about RMB 180/ton on the 30th of this month.

According to Treasure Island's calculation, as of August 27, the reference price of crude oil (WTI, Brent, Brent Dtd, Dubai, ESPO) averaged 109.329, a change rate of 2.38%. According to the crude oil change rate on the 27th, by this Friday, the refined oil price adjustment rate should be around 130 yuan/ton, plus the previous two stranding rates of more than 40 yuan/ton, and the current round of refined oil product increases by 170 yuan~180 yuan. Yuan/ton, converted into an increase price, 90# gasoline rose 0.12~0.13 yuan/liter, 0# diesel rose 0.14~0.15 yuan/liter.

Zhuochuang Information predicts that the price adjustment will be around RMB 200/t. According to its analysis, in the latest week, due to the improvement of economic data from various countries and the tense situation in the Middle East, the international crude oil price continued to rise, resulting in the crude oil rate of change closing up at 2.21%, corresponding to a rise in refined oil of approximately RMB 130 per ton. If crude oil remains bullish, and after accumulating the previous two upward adjustments, the price of oil may rise by more than RMB 200/ton on Friday.

According to Zhang Bin, crude oil analyst at Zhuo Chuang Information, “The reason why oil product prices rose by RMB 200/t is due to the fact that international crude oil may remain volatile in the next few days.”

In the new round of refined oil price adjustment in the early stage, the domestic market once again pushed prices to stimulate shipments. The reporter learned from Zhuo Chuang Information that the price of CNPC in North China was increased by RMB 30 to RMB 100/t yesterday. However, the rise in wholesale prices did not affect the retail price of gas stations. Due to the large price difference between the retail price and the wholesale price, there was a phenomenon of preferential sales for some gas stations.

In fact, in the past month, the domestic demand for refined oil products has continued to slump, the domestic wholesale market has become exhausted, and the market transaction price has gradually declined. Zhang Bin said that in the current market, many sellers will take advantage of this round of adjustment opportunities to increase prices, coupled with the traditional "golden nine silver ten" consumer season, the sellers hope to use this to stimulate consumption and reverse the weak market conditions.

Zhang Bin pointed out that the impact of this price adjustment on related industries will not be very large in the short term. After all, domestic product oil price adjustment has been very frequent, and oil price transmission is generally 2 to 3 months, so from this perspective, the impact will not be great.

Netting Machine

Nantong Jinchao Machinery Co., Ltd. , https://www.ntjinzhaomachine.com