Tomorrow domestic refined oil price per hundred tons or price reduction

The international crude oil prices that continued to oscillate downwards made the “three-pronged decline” in domestic refined oil prices a certainty. According to relevant sources, the new round of price adjustment window will be opened on November 14 and the reduction rate may be around 100 yuan per ton. Because PetroChina and Sinopec upgraded their oil prices and reduced oil prices, some regions will increase oil prices at the time of upgrade of gasoline and diesel, and this round of reduction will be “buffered”.

Since the implementation of the reduction in domestic retail prices of refined oil products on November 1, the price of crude oil has continued to fluctuate lower due to factors such as the strengthening of the US dollar, the abundance of crude oil supplies, and the high output and Iranian progress. At the close of November 11th, the New York Mercantile Exchange's December delivery of light crude oil prices closed at US$95.14 per barrel, and December London Brent crude oil prices closed at US$106.4 per barrel.

Affected by this, the rate of change in crude oil has continued to develop in the negative direction. According to estimates by Business Club, the latest crude oil change rate on the 11th was -1.62%. The rate of change in crude oil monitored by Treasure Island and Axis has fallen below -2%, reaching -2.31% and -2.5%, respectively.

An Xun Sixiwang Energy Analyst Liang Dan believes that if international crude oil prices stabilize the current level this week, that is, Brent prices are at US$106 per barrel. At 24:00 on Thursday, domestic gasoline and diesel are cut by about 155 yuan per ton. (Each national 90 # gasoline 0.11 yuan per liter, 0 # diesel oil 0.13 yuan per liter), if crude oil prices continue to decline, the domestic gasoline and diesel retail sales will be widened. Unless the price of international crude oil Brent rebounds to more than 114 US dollars per barrel in the next two days, the retail price adjustment for gasoline and diesel will be stranded due to less than 50 yuan per ton for the adjustment. International crude oil will still be adjusted for weak shocks this week. The probability of skyrocketing to more than 114 US dollars per barrel is extremely small. The domestic retail price of gasoline and diesel is reduced to a high probability.

“Because the price of crude oil continues to drop, the direction of downward adjustment of refined oil prices has been set, and it will achieve “three consecutive falls.” As far as the current situation is concerned, it is expected that this time will be around RMB 100 per ton.” Teacher Gao Guoyun also said.

It is understood that as of now, the price of oil has undergone 12 price adjustments during the year. Overall, the overall price of gasoline fell by 55 yuan per ton, and the overall price of diesel dropped by 75 yuan per ton. After the oil price reduction is honored, it will continue to widen the overall decline.

It is worth noting that although the downward adjustment of the current round of price adjustment is expected to be clear, since the last price adjustment was implemented, the prices of gasoline and diesel have gone up. Gao Guoyun believes that the main reason is that oil upgrades have reduced the price of oil, and some regions have increased oil prices at the time of upgrade of gasoline and diesel, making this round of “adjustment” of “adjustment”. However, the market performance is not satisfactory, and the buying and selling situation remains light.

In this case, the "two barrels of oil" continues to be price-protected in most regions. According to Treasure Island analyst Yu Jinbo, before the market price cut in oil prices, it is expected that the sales of two barrels of oil will be dominated by secretiveness and flexibility, and users will maintain low inventory operations and limited willingness to receive goods. The price of gasoline and diesel in various regions was at a high level due to the previous period. After adjusting the price, the price was generally reduced, and the market was losing power. Operators' stocking operations may increase.