The oil price Cut window opens next week with an estimated 300 yuan per ton decline

Source: Internet
Author: User
Keywords Drop next week per ton
Expectations of refined oil price reduction according to CFP as of May 25, the three-place crude oil weighted average change rate of 0.96%, which is since the April 14 refined oil prices, the average rate of change for the first time to negative. Analysts said that the country may be in the next Tuesday or next Wednesday cut oil prices as the international oil prices in relatively low consolidation time to extend the domestic product price reduction in the expectation of the gradual thickening. The reporter learned from the industry, as of Tuesday, the three crude oil 22 working days of mobile average rate of change has changed from positive to 0.96%.  Thus, by next week, the domestic product price down the "window" is expected to really open, pricing is coming. Average price change rate for the first time to negative from the source of energy sources show that since the last adjustment, the domestic three crude oil average rate of change has reached 6% on May 5, and on May 14 to open the time "window" of the increase in oil prices.  However, due to the sharp decline in international oil prices, coupled with domestic inflation and other factors, the state did not make price adjustment arrangements. Since then, the international oil price continued to slump, dragged down the three crude oil change rate from 10 days ago 4.18% positive collapsed to zero. As of May 25, the three-place crude oil weighted average change rate of 0.96%, which is since the April 14 refined oil prices, the average rate of change for the first time to negative.  Industry insiders believe that, such as crude oil in the next few days to maintain a low volatility pattern, the theoretical domestic oil price Adjustment window will be opened this weekend or early next week.  If international oil prices continue to spiral lower this week, the three-way crude oil rate will meet the 4% per cent price cut after the May 28 closed, analysts said.  The possibility of a higher price adjustment next week the analyst also said that since the new pricing mechanism, the country every time the oil price reduction will be followed up quickly, so do not rule out the following tradition, in the next Tuesday or Wednesday to cut oil prices.  The analyst calculates that if the price is reduced by 5%, the domestic oil price will be reduced by about 250-300 yuan/ton, and the domestic oil price will fall or be at 300-400 yuan/ton If the decline enters the interval of 6% to 7%. According to the Zhuo Chuang information provided by the three mobile change rate model also shows that the three changes in the rate will be at the end of this month or next month to reach the 4% price adjustment line. The agency also believes that the NDRC will decisively cut the price of oil products is very likely. According to the Shanghai Securities Journal
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