Refined oil prices are expected to decline by more than RMB 200/t today

According to the principle of "adjusting once in ten working days," the domestic oil price has ushered in a new price adjustment window on September 29 after the September 13 increase. Market institutions generally predicted by the downward impact of international crude oil shocks, the domestic refined oil price is expected to significantly lower prices after a "three rising", is expected to have dropped more than 200 yuan / ton.

Refined oil prices today welcome price adjustment window

According to the new refined oil pricing mechanism implemented on March 27, refined oil prices will be adjusted every 10 working days, but when the price of gasoline and diesel oil is reduced or reduced by less than 50 yuan per ton, it is equivalent to the amount of price adjustment per litre. Less than 5 cents, in order to save social costs, the retail price will not be adjusted for the time being, which will be added to or offset by the next price adjustment.

In the previous price adjustment window on September 12, domestic oil prices were raised. The prices of gasoline and diesel increased by 90 yuan and 85 yuan per ton, respectively, and the retail prices of gasoline No. 90 and No. 0 diesel (average of the country) were increased. 0.07 yuan. According to the principle of “adjusting once in ten working days”, refined oil prices today usher in a new price adjustment window.

Lower oil prices
Lower oil prices

In this round of pricing cycle, affected by the ease of the Middle East, the rise in international crude oil prices has lost momentum, and domestic refined oil prices have shown a downward trend. This round of product oil price cuts form a consensus forecast.

Significant price cuts for refined oil

According to Treasure Island, an e-commerce platform for bulk products, as of the ninth working day on September 27, the reference price of crude oil (WTI, Brent, Brent, Dubai, ESPO) averaged 109.032, and the rate of change was -3.02. %, Han Jingyuan, Analyst of refined oil products market of Treasure Island, said that the refined oil price adjustment window opened today. As the international crude oil prices are unlikely to rebound sharply, the rate of change may continue to increase negatively, and the expected reduction rate may reach 230-240 yuan/ton. .

Zhuo Chuang Information crude oil analyst Zhang Bin said that in the past two weeks, international crude oil has fallen sharply under the support of bearish factors such as the ease of the Middle East and the end of the peak season. Affected by this, the current round of refined oil products has been pinned down, and is expected to drop by 190-210 yuan/ton, equivalent to an increase in price of 90 petrol dropped by 0.14 to 0.15 yuan/liter, and that of the 0th diesel oil to fall by 0.12 to 0.18 yuan/liter. From the main stakeholders, the decrease was about RMB 200/ton.

Zhang Bin said that if oil prices are lowered, the drop will set the second highest drop since the implementation of the new mechanism (the highest drop was gasoline price of 395 yuan/ton at 24 o'clock on April 24 and diesel oil at 400 yuan/ton). The vast majority of consumers will also usher in the National Day holiday in the price cuts.

It is worth noting that the National Development and Reform Commission recently announced an oil upgrade plan, which will increase the price of gasoline by 290 yuan and 370 yuan per ton respectively when gasoline and diesel are upgraded to the fourth stage nationwide. Chen Ching, a research analyst at Zhuo Chuang Information Oil, pointed out that some cities in the post-holiday period may replace China IV gasoline in advance. If refined oil prices are appropriately increased according to the price increase policy, they will largely offset the pre-holiday price drop to consumers. Affordable.

It is understood that the National Development and Reform Commission will announce the final information on this oil price adjustment this afternoon. According to regulations, on each price adjustment date, when refined oil prices need to be adjusted, a price adjustment notice will be announced at around 1700; if the price adjustment is less than 50 yuan and the price is not adjusted for the time being, the information will be released at about 15:00 on the price adjustment day.

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