5 Yuan More For A Full Tank Of Oil Products Driven By Strong Crude Oil

? ? ? ? Driven by the strong international oil price, the 11th increase in the retail price limit of refined oil products will be realized as scheduled, and the vehicle cost of car owners will increase slightly.

In terms of domestic market, with the alleviation of the epidemic situation and the advent of the traditional consumption peak season of "golden nine silver ten", the demand for gasoline and diesel oil has also rebounded; On the global market, after the OPEC + Organization meeting, the global oil market is waiting for new signal guidance. After more than a year of production restrictions, oil producing countries are looking forward to further deregulation of production restrictions. Saudi Aramco has launched a competition for market share by reducing the price of crude oil in Asia.

A full tank of oil costs 5.5 yuan more

? ? ? According to the national development and Reform Commission, domestic gasoline and diesel prices have been raised by 140 yuan / ton according to the mechanism since 24:00 on September 6. In terms of price increase, the retail price limit of No. 92 gasoline was increased by 0.11 yuan / L, that of 95 gasoline was increased by 0.12 yuan / L, and that of No. 0 diesel oil was increased by 0.12 yuan / L.

After the price adjustment, the vehicle cost of car owners and logistics enterprises will also increase. Take an ordinary private car with a 50 liter fuel tank as an example. After this round of price adjustment, it will cost about 5.5 yuan more for the owner to fill up a box of No. 92 gasoline; For a large logistics vehicle with a full load of 50 tons, the fuel cost will increase by about 4.8 yuan per 100 km on average.

According to the monitoring data of Longzhong information, a commodity organization, after this round of price adjustment, the price of vehicle diesel oil in most parts of the country is about 6.6-6.8 yuan / L, and the retail price limit of 92 gasoline is about 6.7-6.9 yuan / L.

This round of price adjustment is the eleventh increase in the retail price limit of refined oil products in the year. Since the beginning of this year, the price of refined oil has been adjusted 17 times, showing a trend of "rising on the 11th, falling down on the third and grounding on the third". The price of gasoline and diesel increased by 1265 yuan / ton and 1220 yuan / ton respectively. The retail price limits for 92 gasoline and 0 diesel rose by 0.99 yuan / L and 1.04 yuan / L respectively.

Since this round of pricing cycle, the international oil price has shown an overall trend of shock and rise. Before the decision is made by the OPEC + meeting, the market remains cautious; Although OPEC + kept the original production plan unchanged, the crude oil futures in Europe and the United States did not have large fluctuations.

Subsequently, due to the hurricane problem led to the reduction of crude oil supply in some regions, international oil prices rose again. As a result, the change rate of domestic reference crude oil became positive, and the oil price of finished products was finally raised.

Li Yan, an oil analyst with Longzhong information, pointed out that according to the current international crude oil price level, the next round of refined oil price adjustment will show an upward trend at the beginning of the next round, with the range of about 40 yuan / ton.

"At present, the summer travel peak in the United States has come to an end, and the benefits of seasonal consumption have subsided. At the same time, the global epidemic situation is still severe, and the economic and demand worries are still around. It is expected that the next round of oil products will be stranded." Li said.

A new round of refined oil price adjustment window will open at 24:00 on September 18.

The terminal market just needs to pick up

In terms of domestic market, the terminal demand of gasoline and diesel has increased recently, and the increase of retail price limit of refined oil has also increased the profit of gas stations. The overall market situation has a good trend.

Li Chunyan, an analyst with Longzhong information, pointed out that in this round of price adjustment cycle, the international crude oil price continued to rise, stimulating the market purchasing mentality, and the domestic oil product market price also followed the shock rise.

On the whole, although some provinces and cities in China are still affected by the epidemic situation and people's travel is limited, with the strong rebound of international oil prices, the market mentality has also changed. The middle and lower reaches just need to replenish more goods, and the main business units ship goods in accordance with the trend, and most of the monthly tasks are completed.

After September, the main business units are mainly poly, the price of gasoline and diesel oil is stable and firm, the middle and lower reaches are in the state of consumption, and the market trading is flat, waiting for further information guidance.

After the increase of gasoline and diesel retail price limit, the profit margin of gas stations has also increased; Recently, the operating rate of domestic main refineries fluctuated downward, but the overall situation is still relatively high; The operating rate of independent refineries increased slightly.

On the whole, the supply of domestic refined oil resources is still sufficient. Recently, students begin school, and travel restrictions are lifted in many places, and gasoline demand tends to increase; The demand for diesel oil in the north is stable, the rainy season in the south is ending, and the fishing moratorium is over. The demand for diesel oil is also increasing, but the support of international oil price to the market is limited.

Longzhong information pointed out that in this round of cycle, due to the expected increase of domestic retail price limit and the low sales pressure at the beginning of the month, the wholesale price generally went up, and the market situation basically showed a steady upward trend. With the current round of retail price limit increase, it is estimated that the wholesale gasoline and diesel prices will rise accordingly.

Judging from the recent market shipment situation, the market trading atmosphere has slightly improved, but still dominated by small retail orders, small single purchase is rare.

Crude oil market enters a new round of adjustment

In terms of the global market, after the outbreak, economic recovery and the planned production increase of OPEC + organization, the crude oil market has entered a relatively stable stage, and oil producing countries are waiting for new market signals.

On September 1, local time, the OPEC + Organization concluded a short meeting and reached a consensus. The alliance of oil producing countries insisted on its previous decision to increase production and supply 400000 barrels / day of crude oil to the market every month. The U.S. government has previously called on OPEC + to speed up production increase, because all countries in the world are gradually getting out of the new epidemic situation, and the economic recovery has led to rapid growth in crude oil demand. However, the OPEC + organization has maintained a very cautious attitude.

From the perspective of Saudi Arabia, Russia and other countries, it is still too early to consider putting more crude oil on the market. Many countries are still dealing with the impact of NCV, while shale oil producers, a competitor from the United States, are also striving to increase production.

In recent months, there have been several large fluctuations in the international oil price, but Brent crude oil futures are basically stable above $65 / barrel, and the WTI crude oil futures price is also higher than $60 / barrel, with a relatively strong support at the bottom.

At present, after the oil price crisis that began last year, OPEC + organization has successfully saved the crude oil market by adopting a large-scale production restriction policy, prevented the soaring global crude oil inventory, stabilized the oil price, and protected the interests of oil producing countries.

At present, it is not clear how much impact the new crown epidemic will bring to the global market, but oil producing countries have begun to look forward to the situation after further production increase, and the market competition has begun.

On September 5, Saudi Aramco sharply reduced its crude oil price to the Asian market, with a drop more than the market expected; For North America and Europe, the price of crude oil has not changed much.

Zhu Guangming, an analyst with Zhuo Chuang information, pointed out to the 21st century economic report that the core region for the recovery and growth of global oil demand is the Asia Pacific region. Other regions are relatively stable and have little growth potential. Saudi Aramco's reduction of crude oil prices in the region reflects the importance it attaches to the regional market.

Saudi Aramco lowered the price of crude oil in Asia, indicating that market expectations are changing, and the importance of future market share is obviously greater than the market price; With Saudi Aramco lowering the price of Asian crude oil, countries such as Iraq and Kuwait are likely to reduce the price, and the competition for market share will become the main theme of the future oil market.

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