Sino-Singapore Jingwei Client, December 31 (Zhang Shunan) On the last day of 2020, a new round of price adjustment window for domestic refined oil products will open again.

Institutions generally predict that oil prices may end with a rise in 2020, which is also the first "four consecutive rises" this year.

New latitude and longitude in the data map

  According to Wang Luqing, an analyst at Zhuo Chuang Information, since this pricing cycle, as the vaccine continues to push the price of crude oil higher, due to the news of the mutation of the new crown virus in the United Kingdom, many countries around the world have suspended air travel with the United Kingdom and demand for crude oil. Obviously restrained, the financial market was turbulent, and crude oil fell sharply.

  However, as the panic gradually subsided, and OPEC+ remained cautious about increasing production, market conditions have been restored to a certain extent, international oil prices rebounded slightly, and the domestic reference crude oil change rate continued to fluctuate in a positive range following crude oil prices.

  As of the early morning of December 30, Beijing time, international oil prices rose moderately.

The price of light crude oil futures for delivery in February 2021 on the New York Mercantile Exchange rose by $0.38 to close at $48 per barrel, an increase of 0.8%; the price of London Brent crude oil futures for delivery in February 2021 rose by $0.23. It closed at 51.09 US dollars per barrel, an increase of 0.45%.

  According to Longzhong Information, as of December 29, the comprehensive rate of change in crude oil is 3.23%, which is expected to correspond to an increase of 100 yuan/ton.

In terms of retail sales, the gasoline prices of 92# and 95# at Sinopec gas stations in Shandong are currently 5.86 and 6.28 yuan/liter respectively, and the current round of retail price increases may be around 0.07 yuan/liter.

  According to statistics from the Sino-Singapore Jingwei Client, if the current oil price adjustment is implemented according to the above adjustments, in 2020, domestic refined oil prices will undergo a total of 25 rounds of adjustments, including 12 strands, 5 downward adjustments, and 8 upward adjustments, and the cumulative gasoline price drops 1285 per ton. The price of diesel has been reduced by RMB 1,235 per ton.

  Regarding the market outlook, Jinlianchuang analyst Lu Qiaohui said that the New Year’s Day holiday is approaching, residents will travel more and the demand for gasoline is acceptable. However, the local epidemic situation in China is severe, coupled with the promotion of flexible vacations and the reduction of unnecessary trips. Shorten, gasoline increase may be limited.

  The first domestic oil price adjustment in 2021 will start at 24:00 on January 15.

According to Hu Xue, an analyst at Zhongyu Information, based on the current crude oil price level, it is predicted that the next round of refined oil retail will face stranding or a narrow increase.

Li Yan, an analyst at Longzhong Information, believes that the recent international crude oil market is still plagued by overseas epidemics, and it is expected that the next round of refined oil price adjustments will have a higher probability.

(Zhongxin Jingwei APP)

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