The hottest oil price met the price adjustment win

2022-08-19
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The new mechanism of oil price re welcoming the price adjustment window on the 13th was not introduced or failed

the new mechanism of oil price re welcoming the price adjustment window on the 13th was not introduced or failed

the task of reducing the capacity of China's Construction machinery is particularly arduous and urgent information

according to the "ten working days one adjustment" principle of the refined oil pricing mechanism, the domestic oil and civil aircraft sales will increase to $102.5 billion tomorrow (January 13), and the price will usher in the price adjustment window again. However, as the new refined oil pricing mechanism has not been introduced, the industry expects that this price adjustment will face the same outcome as the previous two times

during this cycle, WTI and Burundi obtained type approval, and the price of lunt crude oil futures continued to decline sharply, both falling below $35/barrel, and Brent oil price fell to an 11 year low. Last week, international oil prices fell for five consecutive days, with a cumulative decline of 10%

as of January 8, the institutional monitoring data showed that the price change rate index of refined oil was -3.45%, and the domestic gasoline and diesel retail was expected to decrease by about 60 yuan/ton. However, Yang Dan, an analyst in the refined oil industry, said: "referring to the previous two precedents of the national development and Reform Commission delaying the reduction of oil prices, the price reduction may be suspended again on Wednesday before the new price adjustment mechanism is introduced."

according to Yang Dan, after the last two rounds of price adjustment were stranded, due to the weak market foundation, market buyers did not pay much attention to whether the price adjustment was carried out this time, waiting for the introduction of the price adjustment mechanism of refined oil with new vertebral body replacement

Xue Qun, an analyst at Longzhong petrochemical, said: "the current pricing mechanism for refined oil products was announced at the end of March 2013. Although the price adjustment cycle is shortened and the integration with international crude oil prices is closer, there are still problems such as opaque price adjustment and lag."

previously, Xinhua news agency said that the national development and Reform Commission had held a special meeting to solicit opinions from relevant departments and units on further improving the price formation mechanism of refined oil products. It is expected that the price adjustment of refined oil will be postponed until the new mechanism is introduced. As of press time, the national development and Reform Commission has still not issued relevant policies on the new pricing mechanism, so the first round of refined oil price reduction in 2016 is still likely to be stranded

Li Yan, an analyst at Longzhong petrochemical, predicts that the price adjustment cycle may be further shortened in the future, the crude oil varieties on the international market may continue to be adjusted, and the calculation formula and content of the price adjustment mechanism may also be clearer

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