Fall in international oil prices are still rising domestic wholesale price
Fall in international oil prices are still rising domestic wholesale price
May 4, U.S. crude oil futures fell sharply. Stakeholders from the oil yesterday acknowledged that the international crude oil prices fell sharply did not affect the wholesale price of domestic refined oil products rose momentum, 5, North, Southwest and other areas along the wholesale price of refined oil continues to rise.
Prices beyond the red line
May 4, U.S. crude oil futures fell 4%, the highest since February 4 this year, single-day decline. Analysts believe that this will not affect the domestic oil price increases expected. National professional organization CBI commodities analyst Liao Kaishun Information that has yet to peak oil, the international
Oil prices in May is unlikely to fall to 80 U.S. dollars less.
April 14, the NDRC raised domestic gasoline and diesel price 320 yuan / ton, after international oil prices continue to rise, as at April 27, international oil prices for 22 consecutive working days moving average changes in rate over 4% again.
Under the regulations, when international oil prices for 22 consecutive working days moving average rate of change of 4%, the domestic refined oil prices can be adjusted. Liao Kaishun that the price adjustment in accordance with previous experience, currently 4% of conditions are met, in May of domestic refined oil prices in mid-rise window will re-open.
Data show that on May 4 international oil futures prices plummeted 4%, but closed as of May 4, the three international oil price Brent, Dubai, Cinta-weighted average price change was 5.96%, higher than May 3 5.67% rate of change of date by almost 0.3 percentage points.
"A day or two changes in international oil prices will not move an average of 22 international oil prices have significant impact on the rate of change." Liaokai Shun said.
Wholesale prices continue to rise
Stakeholders understand the two major oil companies yesterday in Beijing GB Zero to continue the wholesale price of diesel rose 20 yuan / ton, Henan, Zhejiang, No. 93, the wholesale price of gasoline rose 100 yuan / ton. In addition, the wholesale price of local oil refineries have continued to rise, Shaanxi local refinery 93, No. 97 gasoline and diesel wholesale price rises of zero to 145-150 yuan / ton.
PetroChina said an analyst on the 5th, "The recent demand has rebounded, although the drop in international oil prices on the 4th, but the current changes in international oil prices, the weighted rate of the three, still more than 4% of the required rate of price adjustment, the domestic product oil price increase is still expected to drive the wholesale price of domestic oil products continued to rise. "
The sources, demand has picked up and the price adjustment is expected to be affected, some brokers and private units have begun hoarding the oil, after the price adjustment expected profits, and therefore promote the demand.
Response to domestic and international differences in prices of Sinopec
Export price than the domestic retail price discount of 8% -12%; Sinopec said this comparison bias exist
Wholesale price in the domestic refined oil prices are flying high at the same time, there is preferential price of refined oil exports.
Recent media reports, in March of domestic gasoline, diesel prices to be about 5,012 yuan / ton and 4,644 yuan / ton. However, Shenyang, Beijing, Shanghai and Guangzhou, the four regional top 93 listed retail price of gasoline 8666 yuan -9 137 yuan per ton.
Even net of the domestic value-added tax, consumption tax, urban construction tax and education surtax so about 30% of the retail price of related tax, the export price of gasoline and diesel than gasoline and diesel retail price of domestic pre-tax discount of 8% to 12% about.
Sinopec said in response to this, there is a deviation of this comparison, first in Beijing, Shanghai, Guangzhou City, where the implementation of the standard equivalent to Euro IV, while the European equivalent of petrochemical exports III or below.
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