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International Oil Price Rebound &Nbsp, Domestic Gasoline And Diesel Prices Short Cut No Hope

2011/10/7 9:17:00 35

Rebound In International Oil Prices

On the three trading day of the month, international oil prices took the roller coaster. Following the collapse in October 4th, international oil prices suddenly soared in October 5th. crude oil (82.21, -0.38, -0.46%) futures quotas increased by 2.95%, returning to 100 US dollars / barrel, closing at 102.73 US dollars / barrel. According to China's refined oil pricing mechanism, the domestic gasoline and diesel oil price adjustment is still hopeless in the near future.


According to China's finished products (gasoline, diesel, etc.) Price The mechanism can adjust domestic oil prices accordingly when the international oil price moves over a 22 working day with a weighted average price change of more than 4%. Up to yesterday, the change rate of international oil prices monitored by the monitoring agencies was only about 1%, which means that domestic gasoline and diesel prices will not be adjusted in the near future.


According to the pricing mechanism of China's refined oil products, the dramatic changes in international oil prices on a single day will not affect the pricing of domestic refined oil products. The sudden surge in international oil prices in October 5th ended the 3 consecutive day of international oil price decline.


The international oil price began to decline continuously in September 30th and fell to a new low in October 4th. Among them, the New York Mercantile Exchange crude oil futures contract price dropped to 75.67 US dollars / barrel, refresh the low point of one year; the London Intercontinental Exchange crude oil futures contract price dropped to 99.79 US dollars / barrel, for the first time since the beginning of February this year, it closed below 100 US dollars / barrel.


In response, Huang Shunjing, editor in chief of China gas station network, said recently that because of the European debt crisis and unclear US economic prospects, investors were worried about the global economic downturn and the demand for crude oil was decreasing. Speculators were evacuated from the crude oil market, and international oil prices kept declining.


As for the impact of changes in international oil prices on domestic gasoline and diesel oil prices, He Jieying, an oil product market analyst at commodity Island e-commerce platform, said that the market price adjustment is expected to be re brewing after the long holiday, and the market outlook is increasing.


In fact, up to now, domestic gasoline and diesel are the highest. retail price No adjustment has been made for half a year. In view of the short term domestic oil price adjustment is still hopeless, the domestic gasoline and diesel wholesale market prices are strong. He Jieying introduced that as the temperature dropped, the northern region began to prepare the replacement of negative diesel. The domestic 0# diesel resources will be tightened in the short term. The overall resource situation is still not optimistic, and the wholesale price of gasoline and diesel will remain high.


 

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