China Financial Media reports that China's new round of refined oil prices will be adjusted. The current monitoring data shows that oil prices have been reduced on the board.
The First Financial reported that China's new round of refined oil price adjustment will be opened on Tuesday (November 21) at 24:00.According to the calculation of Grand Commodity Information Agency, as of the eighth working day of the price adjustment cycle of this round, as of the eighth working day of the price adjustment cycle last Friday, the average price of crude oil was $ 77.62 per barrel (about S $ 103.7), and the change changedThe rate is 8.05%, and the corresponding Chinese auto and diesel retail price is expected to reduce 370 yuan per ton (the same, about S $ 70.74).
As of now, the biggest decline in the price of Chinese refined oil products has appeared at 24:00 on May 16th.At that time, gasoline and diesel (standard products) lowered 380 yuan per ton and 365 yuan per ton, respectively.
The report quoted Wang Shan, an analyst of Golden Lianchuang Ginoco, said that the retail price of this round of retail prices has achieved the "four consecutive declines" on the board, and due to the sharp decline in crude oil recently, the change rate still has negative extension expectations.
"If the crude oil maintains a low level, the retail price is expected to be the largest decline in the year." Kim Lianchuang predicts that the retail price is reduced from 400 yuan to 420 yuan per ton per ton.
According to the first financial and economic, the price adjustment of China's oil prices is highly related to the trend of international oil prices during the price adjustment cycle.
According to the current refined oil price formation mechanism, the main basis for the adjustment of Chinese refined oil prices is the weighted average price of international crude oil prices for ten working days.Essence
The First Financial noticed that the first -time price adjustment cycle was in the early stage of the price adjustment cycle, and the geographical risk premium was gradually fading, but the market's prospects for the Federal Reserve's interest rate hikes and the concerns of overseas economic recession intensified.Factors have led to international oil prices to low.
