Next Tuesday, domestic refined oil prices will be adjusted or "stranded" for the second time in the year"
A new round of domestic refined oil price adjustment may be "stranded" for the second time this year ".
July 19 is the eighth working day of this round of gasoline and diesel price adjustment cycle. The crude oil change rate measured by Jinlianchuang is 1.18, and the corresponding gasoline and diesel prices are increased by 40 yuan/ton.
Li Yang, an analyst of Jinlianchuang refined oil products, told reporters at the interface that according to the monitoring model of Jinlianchuang, the current round of domestic refined oil price adjustment is likely to be stranded. Unless the international oil price rises continuously in the next two working days, the retail price of refined oil can be expected to be adjusted online.
According to the data calculated by Longzhong Information, as of July 18, the reference crude oil change rate was 1.29, corresponding to an increase of 50 yuan/ton.
According to the current domestic refined oil pricing mechanism, when the increase or decrease is less than 50 yuan/ton, the domestic refined oil price limit will not be adjusted.
Longzhong Information crude oil analyst Li Yan told the interface news reporter that the current corresponding price adjustment range is just on the price adjustment dividing line. "It is expected that the corresponding increase in refined oil on the day of the price adjustment on July 23 will be 20 yuan/ton, which will usher in the second stranding in the year." Li Yan said.
Since the current pricing cycle, international oil prices have risen and then fallen due to a number of factors. In the early stage, the Gulf of Mexico storm cut U.S. offshore crude oil production, coupled with the continuous decline in U.S. crude oil inventories, international oil prices soared; but in the later stage, OPEC lowered crude oil demand expectations, and U.S. offshore crude oil production recovered after the Gulf of Mexico storm, and the situation in the United States and Iraq eased, which prompted international oil prices to fall continuously.
As of the close of trading on July 19, Beijing time, WTI light crude oil futures for August delivery fell 2.61 percent to close at $55.3 a barrel, while London Brent crude oil futures for September delivery fell 2.72 percent to close at $61.93 a barrel.
Since the beginning of this year, domestic refined oil products have been adjusted 14 times, showing a trend of "nine rises, four falls and one stranded. Among them, the prices of gasoline and diesel oil have been increased by 415 yuan/ton.
According to Li Yan, the current prices of No. 92 and No. 95 gasoline at Sinopec gas stations in Shandong are 6.76 yuan/liter and 7.25 yuan/liter respectively.
Li Yan believes that the current international crude oil market is intertwined, and it is expected that the next round of refined oil prices will increase.
Li Yang also said that in the later stage, under the support of future demand growth, international oil prices after a rapid decline are still expected to rise.
According to the calculation of the price adjustment cycle of the current domestic refined oil pricing mechanism, the current round of refined oil price adjustment window will open at 24:00 on July 23. (China Energy Network)