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In April, the domestic refined oil market or welcome warmer Market

In April, the domestic refined oil market or welcome warmer Market

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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In April, the domestic refined oil market or welcome warmer Market

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Although the domestic refined oil prices experienced declines, but the recovery and northern springin the demand of downstream industry support, coupled with the rebound in international oil pricesstimulated, it is expected that in April the domestic refined oil market or have a warm market cycle.

At present, the situation in the Middle East for oil prices influence beyond the market for crude oilsurplus concerns, so as to stimulate the international oil price recently rebounded slightly. In addition, by weak economic data and the Fed delayed impact of interest rate expectations, the dollar continued to fall, but also to support prices.

The domestic refined oil prices and international market close linkage, the current domestic oil prices to a new round of rate of change to the positive development of the market, the formation ofa boost.

The next round of refined oil price adjustment window will come in April 10th 24. The Xinhua news agency released the oil price system data show, 31 day package of crude oil change rate is 4.05%.

In addition, the downstream industry project started in April construction, mining and transport logistics rate increase will be accelerated, and the spring ploughing season asymptotic, the overall demand will gradually increase, will also create favorable market.

At the same time, social inventory and main stock through a month of digestion period, the inventory pressure tends to weaken, in the current round of price adjustment after the payment,industry concentration reduced wait-and-see mood, unwinding activity or increase. And resources,the main by the recent upside down costs seriously affected, refinery operating rate continued toremain low, gasoline and diesel oil supply amount is reduced, the outer fief mixing volume increased, the overall supply of resources is a narrowing trend.

Therefore, we expect the domestic market demand, in a slightly warmer, the domestic refined oil prices have been low or slow rebound, refinery operating rate will gradually increase, is expected to domestic oil prices will be short-term or difficult to have dropped sharply in space.

In addition, the domestic refined oil pricing mechanism introduced two anniversary, industry experts suggested that we should seize the market reform of international oil price downturn to further promote the refined oil pricing mechanism, promote the pricing mechanism of fully liberalized. In crude oil futures, can be considered for inclusion in the reference of crude oil varieties, reflect the domestic supply and demand situation is more real.

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