Sino-Singapore Jingwei, January 17 (Xiong Jiali) At 24:00 on the 17th, the first round of adjustment window for domestic refined oil prices in 2022 will open.
Institutions generally predict that domestic refined oil prices are facing a "good start".
Data map of the gas station.
Photo by China-Singapore Jingwei Wan Keyi
In terms of crude oil, in the early morning of January 15, Beijing time, WTI February crude oil futures closed up $1.70, or 2.07%, at $83.82 per barrel; Brent March crude oil futures closed up $1.59, or 1.88%, at $86.06 /bucket.
In the news, the U.S. EIA crude oil inventories decreased by 4.553 million barrels in the week to January 7, which is expected to decrease by 1.904 million barrels, and the previous value decreased by 2.144 million barrels.
Longzhong information analysis said that the market's concerns about a sharp decline in crude oil demand have subsided.
Liu Bingjuan, an analyst at the agency, predicts that the price adjustment of domestic refined oil products on January 17 corresponds to a theoretical adjustment of about 330 yuan per ton, equivalent to about 0.24-0.27 yuan per liter.
That is: filling a 50L tank of 92# gasoline will cost about 12.8 yuan more.
Zhongyu Information analyst Sun Yanan also believes that this round of price adjustments will have a "good start".
Sun Yanan pointed out that the impact of Omicron on demand was less than expected, the decline in U.S. crude oil inventories, and the continuous impact of WTI and Brent crude oil futures on highs, etc., are directly beneficial to the increase in domestic refined oil prices.
Sino-Singapore Jingwei noted that domestic refined oil prices will undergo 25 rounds of adjustments in 2021, ending with an increase at the end of the year.
Gasoline prices increased by a total of 1485 yuan / ton, diesel prices increased by a total of 1430 yuan / ton, showing a pattern of "fifteen rises, six falls and four stranded".
If the first round of adjustment in 2022 welcomes a "good start", domestic refined oil prices will achieve a "second consecutive rise".
According to the principle of "ten working days", the next round of price adjustment window will open at 24:00 on January 29, 2022.
Liu Bingjuan predicts that the next round of refined oil prices will be more likely to increase.
Wang Shan, an analyst at Jinlianchuang, predicts that there is still room for domestic refined oil prices to rise in the later period, but the resistance to diesel oil prices is relatively large.
Wang Shan analyzed that, from the perspective of the market outlook, if the retail price increase is realized, the news may still have some support in the short term. Policy factors such as environmental protection and production restrictions will suppress the overall operating rate of the local refinery. It is expected to maintain a volatile downward trend in the short term. Domestic refined oil supply may drop slightly.
As the Spring Festival holiday is approaching, the demand for gasoline and diesel will become more and more obvious, and there is still a certain demand for stocking in the downstream.
Looking forward to the market outlook, Sun Yanan believes that the rising momentum of international crude oil is still strong, and it will maintain a high level after short-term or ascribed highs, and will continue to support domestic oil prices.
The trend of domestic oil prices will continue to be firm.
(Sino-Singapore Jingwei APP)
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