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Oil products market to meet the biggest increase in 2018 oil prices to open a continuous rise mode
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Time:2018-04-26
At the beginning of this round of refined oil pricing cycle, the tension in Syria has eased, and the bulls have locked in profits. The latest monthly report released by the International Energy Agency (IEA) shows that the global crude oil supply recorded a decrease in March, and the decline in inventories has greatly increased investor confidence. Support the overall trend of international crude oil prices. As of this Tuesday, US WTI crude oil was reported at US $68.64/barrel, Brent crude oil was reported at US $74.71/barrel, the initial gains from the cycle were about $1.57/barrel (2.34 per cent) and $2.69/barrel (3.74 per cent), respectively, another record high since 2015.
A new agreement on Iran's nuclear sanctions is expected to be introduced, triggering a sell-off in the oil market. The sharp drop in U.S. stocks also dragged oil prices. Today's closing price of crude oil stopped rising and falling. However, due to the high oil price in the previous period, the current round of oil price increase is expected to continue to widen. On the 9th working day of this round, Zhongyu Information estimated that the rate of change of crude oil was 6.59, and Zhongyu crude oil was 71.758 USD/barrel was 4.435 higher than the benchmark price, it is temporarily estimated that the zero price limit for refined oil will be raised by 250 yuan/ton at 24: 00 on the 26th.
According to statistics from Zhongyu Information, in 2018, my country's refined oil market has experienced 7 price adjustment cycles, which are four rises, two falls and one stranded situation. This round will usher in the fifth increase in the year. After the implementation of this increase policy, After the ups and downs offset each other, the cumulative increase in gasoline and diesel will reach about 360 yuan/ton, which is equivalent to an increase of 0.28 yuan/liter for national five 92# gasoline, it will cost about 14 yuan more to fill a tank of oil than in mid-March.
According to the market demand situation, it was not the peak demand season, the consumption situation in the terminal market was poor, and the market shipment was under pressure. However, boosted by the favorable crude oil, the domestic gasoline and diesel prices showed a trend of recovery in this pricing cycle, which gradually narrowed the wholesale and retail price difference. Among them, diesel performance was more obvious. According to the monitoring data of Zhongyu Information, the current wholesale and retail price difference of diesel was 950 yuan/ton, which was 100 yuan/ton, diesel prices have bottomed out since March, and the market's bullish sentiment has gradually increased, pushing the price to rise steadily, but due to shipping pressure, actual transactions still maintain preferential policies.
According to the market demand situation, it was not the peak demand season, the consumption situation in the terminal market was poor, and the market shipment was under pressure. However, boosted by the favorable crude oil, the domestic gasoline and diesel prices showed a trend of recovery in this pricing cycle, which gradually narrowed the wholesale and retail price difference. Among them, diesel performance was more obvious. According to the monitoring data of Zhongyu Information, the current wholesale and retail price difference of diesel was 950 yuan/ton, which was 100 yuan/ton, diesel prices have bottomed out since March, and the market's bullish sentiment has gradually increased, pushing the price to rise steadily, but due to shipping pressure, actual transactions still maintain preferential policies.
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