International crude oil prices rebounded unexpectedly yesterday
Source: Internet
Author: User
Oil price Adjustment window is not clear oil prices adjustment or "missed"-Wang Yipeng the parties look forward to the domestic Product pricing window was "unexpected", yesterday the international crude oil price unexpectedly rebound rose 2.9%. According to the domestic refined oil pricing mechanism, when the international market crude oil 22 consecutive working days moving average price changes more than 4%, the NDRC can adjust the domestic oil prices accordingly. After yesterday's "rally" of the original oil price, it would have been 4% of the fall suddenly "swing up", or not tone? Suddenly blurred. The original oil price rebound, the oil price cut window The controversial market once expected domestic product pricing window approaching, but the July 7 international crude oil prices rose 2.9% and backward. As of July 6, Brent, Dubai, Sinta crude oil moving average price change than the June 1 adjustment has been down 3.91%, according to the 4% Oil pricing window is only one step away. But July 7, the rise in oil prices, so that the change is reduced by 0.01%, when it can reach 4% of the price Adjustment window, still need to observe the trend of international oil prices. According to the Zhuo Chong information monitoring, since June 28, the international oil price began to enter a continuous decline in the channel, June 29 close the New York Mercantile Exchange traded the most active August-year crude oil futures contract price fell 2.31 U.S. dollars, a decrease of 3%, Fell to $75.94 a barrel, its biggest one-day drop since June 4, the lowest level since mid-June. It is this international oil price drop, will have been basically into the rise of the prices of domestic products, once again dragged into the next adjustment window. As of July 6, the WTI close even fell 6th. Since June 1, after the National Development and Reform Commission cut crude oil prices, the global economic recession worries that the international crude oil prices have been weak, although a few days because of climate reasons, international oil prices have been propped up for a while, but after a short period of positive, economic worries continue to dominate the bad, so that the market Oil producers wait to cut, the market turned to a deadlock in the investment atmosphere, the July oil market opening is not smooth. As of July 6 Brent, Dubai, Sinta oil prices in the three countries fell 3.91% compared to June 1, has gradually close to 4%, from the National Oil price Adjustment window is only one step away. However, July 7, three oil prices rose, so that the oil price adjustment is expected to be postponed. However, also has the organization data shows "the oil price price adjustment condition already satisfies". According to the data yesterday, as of July 7, the three international crude oil prices fell by 4.08%. As a result, the two conditions for the reduction of refined oil prices have been met. Huangshunjing, chief analyst at China's gas station network, said the national Development and Reform Commission would move quickly, in particular, by cutting oil prices in line with the goal of curbing inflation, according to past experience, unlike rising oil prices. And some analysts think the "downward adjustment in these days." RMB appreciation, oil price reduction or increase nevertheless, many domestic institutions have analyzed that the international oil price in recent, it is likely to trigger a downward adjustment in the retail price of domestic oil products. Industry estimates that the price per ton of oil products may be cut by 200 yuan-250 yuan. The Dow Jones news agency said that if measured at 250 yuan/ton, the equivalent of the highest average price of petrol and diesel from the current 7990 yuan/ton and 7260 yuan/ton of the level of the reduction of more than 3% respectively. In addition, the oil products down the window coincided with the continued appreciation of the background of the renminbi. Chen Qin, an information analyst, said that a sustained appreciation of the renminbi would reduce the price of raw materials, which would increase the price of refined oil, and if the NDRC took this into account, the downward adjustment could be increased. The renminbi has risen from the original 6.82-6.83 to 6.77 to 6.78. The latest domestic price adjustment was on June 1, when the prices of steam and diesel were cut by 230 yuan and 220 yuan per ton respectively. According to the regulation of oil price management, the NDRC can adjust the domestic refined oil prices when the average price of crude oil in the international market moves more than 4% for 22 consecutive working days. Car owners cautious refueling fear of loss of international oil prices have been the pressure to adjust the domestic oil price adjustment, and the market for the recent domestic product price adjustment is increasingly strong expectations. Reporters at the gas station yesterday found that the price of refined products by the imminent impact, many car owners cautious refueling, each refueling only add 100 yuan. "Please add 100 yuan, 93rd petrol." "Yesterday evening in Sinopec Hongmei South Road gas station, owner Zhang said," Everyone in the transfer of refined oil prices will be lowered, so I now refuel a little more each time, lest one plus too many oil prices suddenly cut down and cause economic losses. "Mr. Zhang's budget is not a case, the impact of the price reduction of oil products, many car owners began to slow down a single refueling volume to avoid the sudden reduction of oil prices caused by the loss." In a number of car forums, reporters found such a message is rapidly reproduced, "the impact of international oil price decline, this weekend domestic oil prices are expected to cut." "For the oil price down, netizens have said," the action is too slow. The reporter also learned that, due to the existence of price expectations, the current domestic oil market wholesale activity has dropped to the "freezing point", oil companies wait and see because of the oil prices after the fall of the "hold-up". When oil prices rose, a large number of domestic oil companies are hoarding oil gambling rise. But now the situation has reversed and the reluctant of the past has become a fear of buying today.
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