Or usher in lower prices is expected next week down 100 yuan per ton

Posted on 6/4/2015 11:13:49 AM

Long and short game under the international oil price shocks down, so that domestic oil prices down is expected to become increasingly concentrated. "Economic Information Daily" reporter learned from a number of social monitoring bodies, it will be a new round of oil price adjustment window (next Monday) On June 8, the current crude oil (60.91, -0.35, -0.57%) trend, It is expected to have dropped 100 yuan / ton, which will be the fourth time this year lowered prices. Affected by the expected impact of domestic refined oil wholesale price pressure down, two barrels of oil to increase preferential but ineffective.
Since the May 25 domestic oil price adjustment stranded, international oil prices were mixed in long and short power tug of war. After the rally the previous trading day, the international market is widespread concern forthcoming OPEC meeting in Vienna on Friday will maintain oil output, thereby increasing the excess crude oil market supply problems, coupled with the dollar rebounded and Chinese economic data poor, negative factors weaken investor demand, June 1 to regain the decline in international crude oil. As of the date of closing, the New York Mercantile Exchange, light sweet crude for July delivery futures fell $ 0.1 to close at $ 60.2 a barrel. July Brent crude futures for delivery in London fell $ 0.68 to settle at $ 64.88 a barrel.
Consistent with this, the rate of change of crude oil domestic oil reference is also negative development. Zhuo record information monitoring data show that Beijing June 2, after the implementation of a new mechanism for the first six days of 55-denominated crude oil change rate of -2.88%, corresponding to the reduction from 95 yuan / ton.
"While US crude oil inventories continued to decline, oil demand growth to boost market sentiment, but the dollar strong shocks, drilling platforms decline slowed and global oil supply situation changed and abundant." Zhuo record information analysts believe Hu Huichun, short-term US dollar exchange rate remains may continue to be strong, the future European and American crude oil futures or remain volatile downward trend, the rate of change continued decline, June 8 domestic down window will open, then, the domestic refined oil market will usher in lower fourth time this year.
Zhongyu information analyst Sun Xuejun also said that the current oil change was -3.01%. Annual regular meeting OPEC will decide whether to cut production on Friday, representatives of many Member States considered likely kept its production quotas unchanged, adding to investors' concerns about excess supply, it is expected that before the Vienna meeting of the International crude oil or remained shock trend, if run in accordance with the current spot price of crude oil, 8 June 24 when oil retail prices have dropped 105 yuan / ton.
Affected by the expected impact of domestic southwest, along the other markets on oil prices decline, east, south and north China and other areas mainly steady oil prices, but downstream users of the oil market outlook pessimistic attitude, slow to digest inventory, lower purchase intention. June 2 Japan Joyou information monitoring in 28 major cities in the petroleum, petrochemical [microblogging] wholesale price: the country 30 # diesel 5764 yuan / ton, compared with the previous working day down 14 yuan / ton, four countries 93 # gasoline 7927 yuan / ton, compared with the previous working day down 11 yuan / ton; State 40 # diesel 6288 yuan / ton, compared with the previous working day down 8 yuan / ton.
According to Sun Xuejun introduction, part of the petrochemical, oil prices next main unit kicked upstairs steady increase preferential profit sharing rate, but end demand has not improved significantly. Shandong to refining the implementation of the price action is also expected to cut prices under the action of the range of 30-50 yuan / ton, the overall turnover of the domestic oil market is poor, is expected to decline future will continue sporadically.

Post a comment

Hello guest, care to post a comment?