Sino-Singapore Jingwei client, May 28, according to the National Development and Reform Commission website, as of May 27, the average price of crude oil in the international market for the first 10 working days of domestic oil prices is lower than US $ 40 per barrel. According to the relevant provisions of the “Petroleum Price Management Measures” and “Oil Price Regulation Risk Reserve Collection Management Regulations”, the price of gasoline and diesel will not be adjusted this time, and the unadjusted amount will be fully included in the oil price regulation risk reserve, and will be fully turned over to the central treasury.
Data map. China-Singapore Jingwei Zhang Mengshe
According to the "Petroleum Price Management Measures" issued by the National Development and Reform Commission on January 13, 2016: "When the crude oil price in the international market is lower than US $ 40 per barrel (inclusive), the refined oil is calculated at the crude oil price of US $ 40 per barrel and the normal processing profit rate. Price. "US $ 40 per barrel is the so-called" floor price ".
Sino-Singapore Jingwei client found that since this year, domestic refined oil prices have undergone 10 adjustments, 7 strandings and 3 downward adjustments. The prices of gasoline and diesel have been reduced by 1,850 yuan / ton and 1,780 yuan / ton respectively. Among them, starting from the price adjustment window on March 31 at 24:00, domestic refined oil prices have been stranded for five consecutive times because the crude oil price in the international market is lower than US $ 40 per barrel.
Jin Shan's refined oil analyst Wang Shan analyzed that the OPEC meeting in early June will further discuss the problem of crude oil production cuts. If the production cuts are expanded again, it will undoubtedly be a great benefit for crude oil. In addition, the early blockade cities in Europe and the United States will be gradually relaxed, and the United States will usher in the peak of summer oil consumption by the end of May. Multiple positives may push crude oil to continue to rise, and is expected to exceed $ 40 / barrel. The new rate of change will maintain a positive range of development.
The next round of domestic product oil price adjustment windows will open at 24:00 on June 11. Wang Shan believes that because the rate of change refers to the average price of crude oil for an average of ten working days, the probability of opening the next round of price adjustments is small. However, if crude oil continues to improve in the later period, June is expected to break the price adjustment red line. Later news may have some support for the market. High temperature weather will further increase automobile fuel consumption, and the impact of the epidemic will gradually fade, all supporting gasoline just needs to stabilize and improve. On the whole, the news side may maintain a positive direction.
Zhuo Chuang Information's refined oil analyst Zheng Mingya analyzed that in the later period, the epidemic situation may drag the global crude oil demand side for a long time and is in a weak situation. Even if the short-term positive factors increase, the range may be limited. It is expected that in the next round of pricing cycle, the average price of crude oil will continue to be under the floor price of 40 US dollars / barrel, and the retail price limit of refined oil products will not be adjusted for the sixth time within 24 hours on June 11th.
Longzhong Information also pointed out that although the recent rebound in international oil prices continued, it is still doubtful whether it can quickly rise above 40 US dollars per barrel. Therefore, it is expected that the next round of price adjustments may not be adjusted due to the trigger of the protection mechanism. (Sino-Singapore Jingwei APP)