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Domestic oil prices this week or down, experts say short-term difficulties in international oil prices rise
Source:China Fertilizer Net   Author:Wu Jing   Time:2010-05-31   Read:1348second  

May 14, domestic oil price adjustment "window" is not scheduled to open, with June approaching another price adjustment period, the domestic refined oil prices this time "window" will schedule "on", the market will wait and see.
Changchun, the retail price of loose oil
4 days ago, Changchun City, a private chain of gas stations will cut its oil price 0.1 yuan per liter. Previously, on April 14 countries raised oil prices, they had to price its oil in the oil transferred to and consistent. "At the time of high international oil prices and domestic wholesale price of refined oil is also high, we have little profit margin, it canceled some concessions." Recently, with the ex-factory price of oil will lower oil, lower their purchase price, and retail prices beginning to loosen. "In the wholesale price of refined oil reduced by 150 yuan per ton, down 300 yuan per ton peak." Lowered the wholesale price, they will come down the retail price. "Gasoline and diesel oil retail prices per liter cheaper than the 0.1 yuan."
Compared with the private stations, the gas stations to cut prices is always concessions. "From the beginning to the present, gasoline and diesel oil retail price is always cheaper than the 0.1 yuan." Sinopec is a filling station staff, said he had a premonition that the recent decline in oil prices should be a trend.
Perhaps the reduction in domestic oil prices this week
Domestic oil retail prices, wholesale loose, to a certain extent, reflects the international oil prices. According to Chong Zhuo information monitoring shows that on May 25, the international crude oil bottom to 68.75 U.S. dollars. Although 26 and 27 two-day New York oil prices rebounded above 74 dollars per barrel, but oil prices fell again on the 28th, to closing, the New York Mercantile Exchange in July, light sweet crude for delivery in fall 58 cents to close at 73.97 U.S. dollars a barrel. Volatility in international crude oil market has been rapidly transmitted to the domestic market.
"If the next few days, the international crude oil prices continue to fall, domestic oil price adjustment" window "should open this week." One of the industry expressed. Although the industry has not given this much confidence in the possibility of the reporter learned that since June 1, the base oil Sinopec will be available for lower price 40 yuan per ton.
Expert: short-term rise in international oil prices is difficult
Domestic oil price adjustment, such as about whether the time window to open, critical look at the future of international oil prices. In response, oil analyst at the Housing Information Zhuo Chong Chun Tao said that the recent drop in international oil prices, while the U.S. excess supply concerns still exist. Cushing, Oklahoma (New York Mercantile Exchange delivery points) hit a record high crude oil stocks, while inventories of oil products are also a huge surplus. As long as inventories remain high, oil prices would be difficult to rise further. (Wu Jing)

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