In its announcement this afternoon, the national commission for development and development announced that, as of 2400 hours on 1 september, the price of diesel oil in our country would be reduced by 105 and 100 yuan per ton, respectively, and that the retail price of petrol 90 and diesel 0 (national average) would be reduced by 0. 08 and 0. 09 yuan respectively。
This adjustment was the seventh downfall in the year and the first “triple fall” this year, when the market for finished oils experienced 11 “four by seven” adjustments. Business society analysts indicated that domestic diesel prices would fall to their lowest level since july 2012。
After the fall in domestic retail prices for finished oil on 18 august, the availability of sufficient international crude oil this month, as well as the slowdown in market demand, was the underlying driving force behind the fall in international crude oil; geopolitical risks were digested in the early stages, investor sentiment remained largely empty, leading to a drop in crude oil along the way, and a few days before the adjustment cycle, the pre-arrangement of crude oil by economic data did not change the negative trend towards operating crude oil on the eve of the increase。
As at 29 august, brent had quoted $103. 19 per barrel, an increase of 1. 56 per cent as at 7 july. The latest crude oil rate, monitored by the business society on 29 august, was 1. 99 per cent, so that the downward adjustment in domestic oil prices was once again on hold。
In its announcement this afternoon, the national commission for development and development announced that, as of 2400 hours on 1 september, the price of diesel oil in our country would be reduced by 105 and 100 yuan per ton, respectively, and that the retail price of petrol 90 and diesel 0 (national average) would be reduced by 0. 08 and 0. 09 yuan respectively. The adjusted gas and diesel prices were $8440 and $7335 per ton, respectively。
According to the business society, the cumulative price increases of $595 per ton for 11 increases in gasoline, $575 per ton for diesel fuel, 980 per ton for cumulative gasoline and 945 per ton for diesel fuel in 2014. Overall, petrol fell by $385 per ton and diesel by $370 per ton. According to its analyst, li hong, the overall decline was further widening as oil prices were reduced. Current prices are at their lowest since july 2012。
According to ban haepin, the producer oil analyst of the business association, after the price has been reduced, the market for finished oil will enter the traditional “golden and silver ten” season, but at present, the domestic diesel supply is very loose, the outside world is weak, the brokers choose to avoid risk, more watch and watch, and the terminal, the engineering infrastructure, etc., is operating smoothly and demand is difficult to break. Thus, overall, the market for finished oil is expected to continue to be subdued in the near future, with a lack of mobility in the price of main diesel oil。
In accordance with the principle of “ten working days at a time” of oil prices for finished products, the next pricing window will open on 16 september. According to lee-hyan, the analyst of rok, international crude oil has continued to show weakness in the recent past, and traders continue to be indifferent. The global supply of crude oil has maintained a plentiful pattern, and with the end of the summer peak in the united states in september, demand for crude oil is at risk of seasonal weakening and the supply and demand side is vulnerable to profit. The european economy is also affected by the russian-uu conflict, with signs of a resurgence of softening, and the weak stance of oil prices will continue in the short term. The next round of finished oils is expected to be more likely to be unadjusted or downgraded。
Responsible editor: zhang dei
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