Domestic refined oil price reduction expected to increase

Source: Internet
Author: User
Keywords Oil
As of July 17, the international oil price movement average change has been 22 consecutive working days down more than 4%.  According to the National Development and Reform Commission of domestic oil price adjustment measures, international oil prices continue to decline, the domestic oil price reduction is expected to strengthen. At present, 22nd, the average decline has been 4% according to the domestic trade commodity information provider ——— the information of easy trade data, July 17, Brent, Dubai, Sinta crude oil prices 22 working days moving average decline of 4.66% (22 working days forward, compared with the last price adjustment benchmark).  July 16, the rate of change for the first time exceeded 4%, the decline of 4.26%. According to the reform and development announced by the NDRC oil price adjustment method, international oil prices for 22 consecutive working days moving average change to 4%, the domestic retail price of refined oil can be adjusted.  That is, since the last adjustment to July 28, the reference to the international oil price movement of up to 4%, domestic oil prices can be adjusted.  New, energy expert at the National Information Center, said that the key to domestic oil price reduction depends on the trend of international oil prices in the future, the current trend of international oil prices has been separated from the basic aspects of supply and demand, the future of oil prices by speculative funds and other factors affecting short-term sharp decline or rise are possible "Although international oil prices sometimes vary by one day, the rate of change for 22 consecutive days is relatively stable." If you follow this trend, the likelihood of moving an average change of more than 4% by the next period of July 28 is significant.  "Trade information analyst Kaisun told reporters.  International oil price 20th has exceeded 64 U.S. dollars, as of 16:25, New York market oil prices 64.41 U.S. dollars, up 1.37%. The rise was not put down or postponed. It is noteworthy that the national Development and Reform Commission earlier in the interpretation of oil prices hot issues also made clear that the July 1 price hike "has not been adjusted in place." "At that time, reference to the benchmark crude oil 22 working days moving average price of 67 U.S. dollars per barrel, compared to the June 1 22 working days moving average price rose 17.2%, but the domestic product price increase of less than 10%."  It also hides uncertainty over expectations of price cuts. "The NDRC has not made it clear that the 22-day moving average changes to 4% must adjust the price." At the same time, the NDRC did not make a clear indication of how many days after the meeting to adjust prices. If by 28th, the international oil price drop is not big, still remain at about 63 dollars, also may because last time the adjustment is not in place, this downgrade will be postponed or shelved. "The trade information Personage said.
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