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The domestic refined oil trend in March may continue to improve

The domestic refined oil trend in March may continue to improve

(Summary description)In March, what is the trend of domestic refined oil products, and what expectations will there be in the market outlook, will become the focus of attention in the industry.

The domestic refined oil trend in March may continue to improve

(Summary description)In March, what is the trend of domestic refined oil products, and what expectations will there be in the market outlook, will become the focus of attention in the industry.

Information

  In March, what is the trend of domestic refined oil products, and what expectations will there be in the market outlook, will become the focus of attention in the industry.

 

  "Overall, the diesel market is expected to be optimistic in March. It is recommended that operators maintain high inventory levels, gasoline prices are limited, and the purchase pace is stable." Jin Pengchuang's refined oil analyst Xu Peng told reporters.

 

  "In February, the domestic gasoline and diesel market rebounded strongly after a brief fall, and the trading atmosphere became warmer. Specifically, the first half of the year coincided with the Spring Festival, during the holiday period, crude oil prices were weak, and the refining prices also pulled back. In addition, the February sales cycle was shortened. After the holiday, the main business sentiment was positive, and the prices continued to be promoted. However, the holiday atmosphere did not disappear, and the trading was very light. With the crude oil rebounding and continuing to rise, the first round of retail prices in the month was adjusted online and a new round The rate of change is running in a wide range, and the news has continued to deepen. It has significantly increased the number of operators entering the market. Some of the main businesses have completed their sales tasks in advance, and the price of gasoline diesel has maintained a steady upward trend. Especially industry people are optimistic about March diesel demand. Therefore, the purchase volume is increased, the atmosphere of the diesel transaction is good, and the price increase is significantly larger than that of gasoline. "Xu Peng explained.

 

  The data show that as of the end of February, the gasoline index of No. 92 was 7207, which was a 59% increase from the previous month, or an increase of 0.83%; the gasoline index of No. 95 was 7,577, an increase of 87 from the previous month, or an increase of 1.16%. The No. 0 diesel index was 6354, up 209 from the previous month, or 3.40%.

 

  According to Xu Peng, the planned maintenance of domestic main refineries increased in March, and the supply of resources decreased slightly. At the same time, the start of local refinery production units also declined.

 

  On the whole, the supply of gasoline and diesel resources in the market is shrinking.

 

  On the demand side, industrial and agricultural oil consumption increased in the spring, driving demand for diesel to continue to increase, and gasoline performance was relatively flat. "As the country ’s temperature has clearly warmed up, terminal industrial, mining, and infrastructure construction and other oil consumption units have started to increase their efforts, and industrial fuel consumption has accelerated significantly. In addition, the spring ploughing season began in March, and the demand for agricultural oil was strong, driving the overall increase in diesel demand. Gasoline On the other hand, there are no favorable factors such as holidays in March, and gasoline demand is more general. "Xu Peng admitted. (From China Energy Network)

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