The market price of refined oil fell slightly this week (December 16-22)

1、 Price data

 

According to the price monitoring of the business agency, the price of gasoline and diesel oil held steady in the whole week, but all declined slightly. The price of domestic gasoline was 6655 yuan / ton, 0.73% lower than that of last week; the price of domestic diesel oil was 6388 yuan / ton, 1.36% lower than that of last week.

 

2、 Analysis of influencing factors

 

Product: the international crude oil continues to vibrate this week, and on December 16, the domestic refined oil price adjustment ran aground. This week, the market sentiment of gasoline and diesel oil is not high, and the market price is stable with a drop.

 

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Industry chain: after the first phase agreement reached between China and the United States at the beginning of this week, market pessimism recovered. At the same time, OPEC deepened the agreement on production reduction, which also enhanced the expectation of tight supply end of the oil market in the future, driving the overall recovery of the crude oil market. The bullish atmosphere in the international crude oil market began to pick up. WTI crude oil futures rose 0.97% last week.

 

Market: this week, the international crude oil price rose slightly, but the domestic refined oil market has a limited role in boosting. In terms of gasoline, there is still no good support in terms of gasoline market demand, and the overall performance of gasoline prices is flat. In terms of diesel, the weather continues to turn cold, the diesel market just needs to be further suppressed, and the price of diesel market continues to decline in the week. This week, there will be no new start-up and new shutdown of local refineries, and most of the refinery start-up load will remain stable. On the whole, there is no significant change in the refined oil market, and it continues to be stable.

 

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3、 Future forecast

 

Lu Xingjun, an oil product analyst at business news, said: the international crude oil market is weak, and the market demand for oil products is not well supported. It is expected that the market price of oil products will continue to decline steadily next week.

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