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New Year's oil price "first tune": missed "six consecutive losses" will likely be stranded

New Year's oil price "first tune": missed "six consecutive losses" will likely be stranded

(Summary description)Economic Daily-China Economic Net, Beijing, January 11th (Reporter Wang Wanying)

New Year's oil price "first tune": missed "six consecutive losses" will likely be stranded

(Summary description)Economic Daily-China Economic Net, Beijing, January 11th (Reporter Wang Wanying)

Information

  Economic Daily-China Economic Net, Beijing, January 11th (Reporter Wang Wanying)

 

  At the beginning of the new year, the first oil price adjustment in 2019 is ushered in. At 24:00 on the 14th, the refined oil price adjustment window opens. As the first week of the first year of the year, multiple favorable conditions have promoted the upward movement of international oil prices. It is expected that there will be a high probability that domestic refined oil price adjustments will be stranded at that time and there will be no chance of a "six consecutive losses."

 

  According to the Economic Daily-China Economic Network reporter, there were 26 price adjustments for domestic refined oil products in 2018, including 13 upward adjustments, 12 downward adjustments, and 1 stranding. The total reduction of gasoline was 490 yuan / ton, and the total reduction of diesel was 465 yuan / ton. Ton.

 

  Since entering 2019, international oil prices have stopped falling for more than two consecutive months, and the rate of change has shown an upward trend. The reduction led by OPEC has taken effect. Saudi Arabia also plans to reduce exports, which has effectively boosted market confidence and coupled with the Federal Reserve ’s interest rate hike. The pace slowed down, European and American stock markets recovered, and international oil prices skyrocketed.

 

  According to the calculation of Zhuochuang Information, as of January 9, the comprehensive change rate of crude oil was 0.37%, and the corresponding increase is expected to be 15 yuan / ton. The price of WTI crude oil futures has returned to US $ 50 / barrel to US $ 52.36 / barrel. Lianyang "; Brent rose $ 2.72 to close at $ 61.44 per barrel.

 

  Looking at the domestic market, during the current cycle, stimulated by the rise in international crude oil, the wholesale price of gasoline and diesel has shown an overall upward trend. At the same time, the recent increase in external mining demand such as Sinopec has also brought favorable support.

 

  According to the principle of "ten working days" for domestic refined oil adjustment, the price adjustment window for this round is 24:00, January 14, 2019. Because the current forecast range of refined oil products has not reached the state-set 50 yuan / ton adjustment red line, there is a high probability that the current retail price of refined oil products will be stranded. After this price adjustment, the price adjustment bureau in 2019 will become "zero up, zero down and one stranded."

 

In addition, the next round of price adjustment window will open at 24:00 on January 28, 2019. At present, the favorable factors of the international crude oil market are gradually increasing. It is expected that the next round of price adjustment of refined oil products will increase. (From China Energy Network)

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