Sino-Singapore Jingwei client June 11th, according to the announcement of the National Development and Reform Commission website, as of June 10, 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.
New latitude and longitude in the data map
In the current round of price adjustment, the international crude oil market as a whole showed a turbulent upward trend. Longzhong Information believes that the main influencing factors are as follows: OPEC+ decided to extend the scale of crude oil production reduction of 9.7 million barrels per day to the end of July; Refining activities and terminal demand gradually improved, and gasoline inventories fell more than expected; as of May 29, U.S. EIA commercial crude oil inventories decreased by 2.077 million barrels; US crude oil output may continue to shrink.
According to Jinlianchuang’s estimates, as of the tenth working day of June 11, the average price of the reference crude oil was 39.09 USD/barrel, with a rate of change of 14.68%. ", domestic gasoline and diesel price adjustment stranded.
Zhongyu Information pointed out that this round is the sixth time that the floor price mechanism has stopped price adjustments. Although it is only a line away from the floor price this time, it failed to break through. Domestic gasoline terminal retail prices have also been able to stay in the 5 yuan range, and there is no worry of rising oil prices. And from the point of view of the zero price difference of gasoline batches, it is still maintained at the level of thousands of yuan per ton. In terms of concessions, the gas station still has a large maneuverable space. Car owners do not have to rush to refuel today.
The client of Sino-Singapore Jingwei found that since the beginning of this year, domestic refined oil prices have undergone 11 adjustments, including 8 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. It is worth noting that, starting from the price adjustment window on March 31 at 24:00, domestic refined oil prices have been stranded for six consecutive times because the crude oil price in the international market is below US$40 per barrel.
In terms of market outlook, Jin Shanchuang analyst Wang Shan believes that international crude oil may maintain a strong volatility trend, the next round of retail prices is expected to cash in, and the news may continue to support the positive. According to estimates, the next round of price adjustment windows will open at 24:00 on June 28, 2020. (Sino-Singapore Jingwei APP)