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Domestic finished oil prices to meet the tenth rise in the year
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Time:2019-09-19
Domestic refined oil prices rose for the tenth time this year.
On September 3, the website of the National Development and Reform Commission announced that since 24:00 today, domestic gasoline prices have increased by 115 yuan/ton and diesel prices by 105 yuan/ton.
The equivalent price increase, 92 gasoline and 0 diesel are increased by 0.09 yuan/liter. According to the standard calculation of 50-litre car fuel tank, filling up a tank of 92# gasoline will cost about 4.5 yuan more.
The cost of vehicles for logistics and transportation enterprises will also increase. Take a large logistics transport vehicle with a full load of 50 tons as an example. For every 1,000 kilometers, the fuel cost will increase by about 36 yuan.
Since the current cycle, China and the United States and Canada to impose tariffs to make the macro environment biased to the negative, Saudi Arabia's excess production cuts and the situation in Iran to a certain extent to form a support for oil prices, international oil prices rise and fall interaction, but the domestic reference to the rate of change of crude oil continued in the positive range.
As of the close of September 3, Beijing time, global trade risks still exist. OPEC crude oil production increased in August, and it is expected that the Gulf of Mexico hurricane may affect market demand through Florida, and international oil prices will fall. Among them, the price of Brent crude oil for delivery in October fell 1% to close at $58.66/barrel; WTI crude oil was closed for the US Labor Day.
On September 2, WTI crude oil futures for October delivery fell 1.15 percent to close at $55.1 a barrel;
Xu Wenwen, a refined oil analyst at Longzhong Information, said that after this round of price adjustments, diesel prices in most parts of the country will be around 6.1 yuan/liter, and the retail price limit for No. 92 gasoline will be between 6.4 and 6.6 yuan/liter.
Since the beginning of this year, domestic refined oil prices have undergone 18 adjustments, showing a pattern of "ten rises, six falls and two strandings. After this round of price increases, gasoline prices have risen by 240 yuan/ton and diesel prices have risen by 245 yuan/ton this year.
After this round of rally, the next round of refined oil price adjustment will face downward or stranded.
Li Yan, a crude oil analyst at Longzhong Information, told the interface news reporter that based on the current international crude oil price level, the next round of refined oil price adjustment will start with a downward trend, with a range of about 100 yuan/ton.
"Global trade risks still raise market concerns, which will drag down the global economy and crude oil demand expectations, and bring negative suppression to international oil prices," Li Yan said. "It is expected that the next round of oil prices will be stranded or lowered."
Wang Luqing, an oil product analyst at Zhuo Chuang Information, also holds the same forecast. "In the next cycle, the downward pressure on the international crude oil market will be greater. The continued increase in US crude oil production will be a long-term negative for the market, and international oil prices will continue to show a weak trend," Wang Luqing said.
According to the calculation of the adjustment cycle of the current domestic refined oil pricing mechanism, a new round of gasoline and diesel price adjustment window will open at 24:00 on September 18. (From China Energy Network)
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