During this pricing cycle, crude oil futures prices first fell and then rose, and fluctuated widely. Factors such as rising US crude oil inventories, rising Russian production, Saudi Arabia's downward adjustment of Asian crude oil prices and Sino-US trade frictions led to the downward trend of oil prices. In the past two days, the situation in Syria has intensified the tension in the Middle East. Saudi Arabia hinted that it may extend the production reduction agreement and push the crude oil price to rise sharply.
As of the close of 10, US WTI crude oil futures closed up 2.09 USD, or 3.30%, to 65.5 1 USD/barrel; Brent crude oil futures closed up 2.4 1 USD, or 3.5%, to 7 1.06 USD/barrel. 1 1 day, China SC crude oil futures closed at 4 17.8 yuan/barrel, up 1.88%.
However, XiaoFei Sun, an analyst at Zhongyu Information, said that in the current pricing cycle, the overall price of crude oil still showed a downward trend, which led to the adjustment of the retail price limit of domestic refined oil products from the initial upward expectation to the current stranded expectation.
China's "Measures for the Administration of Petroleum Prices" stipulates that the domestic gasoline and diesel prices will be adjusted every 10 working day according to the changes of crude oil prices in the international market, and the effective time of the price adjustment is 24: 00. When the price adjustment range is lower than 50 yuan/ton, no adjustment will be made, and it will be accumulated or offset in the next price adjustment.
20 17 to 20 18 Overview of previous price adjustments of domestic refined oil products. Source: Longzhong Information
At present, there is only one working day left in this round of price adjustment, and the corresponding price adjustment range is still lower than the price adjustment line of 50 yuan/ton. According to Zhuo Chuang Information's calculation, as of April 10, according to the crude oil change rate referenced on the ninth working day, the corresponding retail price limit of refined oil was raised by 38 yuan/ton.
Xue Shan, a refined oil analyst at Zhuo Chuang Information, said that it is expected that crude oil futures prices will continue to rise on the last trading day of this round. It is not ruled out that the rate of change is driven by the rise in crude oil futures prices and continues to climb within a positive value, which may lead to an increase in the pressure line.
In 20 18, the price adjustment of domestic refined oil products has shown a pattern of "three rises, two falls and one stranded". This year, gasoline and diesel have increased by 55 yuan/ton, which is equivalent to an increase of 0.04 yuan/liter for 92# gasoline and 0.05 yuan/liter for 0# diesel.
XiaoFei Sun believes that the gasoline and diesel stocks of major oil depots and refineries in China are relatively high at present, but they will be replenished in stages after Tomb-Sweeping Day. It is predicted that in the new pricing cycle, the domestic diesel price may rise within a narrow range, while the gasoline price will remain stable, depending on the shipment situation.