It is expected that the domestic oil price will be raised by middlemen to “price increase”

More than a month later, China once again faced the pressure of refined oil prices. Market research institutions generally expect that the price of refined oil will rise once in mid-to-late March. This is the sensitive time for price adjustment in the near term. The current domestic refined oil price has reached the highest level in history. In addition, middlemen began to “sell price increases” in late February, in order to obtain high profits after this round of price adjustment.

Traders have basically completed the sale of goods. According to the latest domestic refined oil price adjustment is only more than a month, the international oil price leaps and bounds to make the domestic oil price adjustment window opened again. Market research institutions generally believe that, according to the time interval conditions, to March 8 domestic refined oil price adjustment window has officially opened. The current rate of change in crude oil prices in the three places is far more than 4%, or even more than 10%.

At present, the price adjustment of refined oil is expected to be strong in the current market, and it has become a common market operation behavior for brokers to reluctantly sell goods. Traders are hoarding prices for oil products and buying oil products at low prices. They expect that prices of domestic refined oil products will increase at a later time and then sell at high prices.

Analyst Shen Tao of Zhongyu Information Oil Refinery revealed that traders are more strongly expected to adjust their prices this time. Starting from February 20, the market has begun to replenish stocks. By early March, traders have basically completed the purchase of goods.

Refining companies and traders across the country are highly concerned about this price adjustment. A gas station chain operating company in North China stated that the company’s 50,000 cubic meters of oil depots are currently in high inventory.

Affected by market sentiment, although the price adjustment has not yet started, the wholesale price of diesel has risen by more than RMB 70/ton within one month.

Owners are afraid that the rising refinery is expected to go up. On February 8 this year, the first domestic product price adjustment was made within the year, and the maximum retail price limit for gasoline and diesel returned to the highest price in history. If the price of oil is raised again in the near future, it means that domestic gasoline and diesel prices will once again set a new record.

After the price adjustment in February, the retail price of gasoline at No. 93 in the north of Sanshang District has been close to RMB 8/liter. If the price of refined oil products is raised again in the near future, the price of gasoline in these areas will enter the “8-year era”.

The constant rise in oil prices has plagued owners, especially taxi groups. A taxi owner stated that the daily fuel cost was more than 300 yuan, which was almost twice that of five years ago.

The oil companies that “shrink oil refining losses” have long been looking forward to price adjustment. Not only the “two barrels of oil” is for the loss of refining, but a private oil company in Shaanxi also said that the price adjustment will reach 400-500 yuan per ton of refinery to recover this price.

Experts: The new pricing mechanism still needs to be determined to launch. With the rise in international oil prices, it is increasingly difficult for domestic refined oil prices to adjust prices.

Lin Boqiang, director of the Energy Economic Research Center at Xiamen University, believes that domestic subsidies should be well done. If the international oil price reaches US$130/barrel or more, domestic oil prices will no longer increase as per our pricing mechanism. At this time, the state can use tax reduction methods to reduce the burden on the refinery, which is a more common practice in foreign countries.

Dong Xiucheng, deputy dean of the School of Business Administration of China University of Petroleum, said that since the beginning of this year, the international oil price has fluctuated at a high level, and the refined oil pricing mechanism reform faces a dilemma. Dong Xiucheng believes that the new pricing mechanism still needs to be determined.

According to previous experts from the National Development and Reform Commission, the reference oils of the new pricing mechanism will be included in the relatively cheap price of WTI crude oil, and the average price of crude oil in four places may increase at a slower pace.

â–  The related oil price rose or exceeded 400 yuan/ton. Since March 8th, the increase in domestic refined oil price is expected to increase. Many market institutions predict that the oil price increase will reach 400 yuan/ton. According to sources close to Sinopec and PetroChina yesterday, the recent adjustment of oil prices is inevitable, and the price increase may be far more than 400 yuan/ton. It is understood that last week the National Development and Reform Commission has held talks with related parties of the two major oil companies. Apart from market rumors that the oil price adjustment mechanism will be fine-tuned, the increase is also the subject of discussion.

According to market institutions, the two major oil giants have stopped selling large single oil products in some markets since last week. At present, the rate of change in international oil prices has exceeded 10%. If calculated, the price adjustment will be raised by RMB 700/t. The above sources also revealed that the last time the oil price was raised was not adjusted on February 8th. At present, international oil prices have been rising. The oil companies believe that the current loss is increasing.