Nothing is expected in the oil price cut in October

Recently, due to the impact of the international oil price fluctuations, the rate of change in the crude oil prices of Xinta, Dubai, and Brent has significantly contracted. Experts said that the rate of change this month has been difficult to fall below the red line of the -4% price adjustment, and people expect that there will be no hope of a drop in oil prices in October. At the same time, the demand for the refined oil market has become dull. In order to reduce losses, traders have all sold their inventories. As a result, there are large-scale promotional activities at gas stations across the country, and consumers can still obtain certain benefits.

The rate of change in the three places is difficult to resist. The price of red oil is downgraded to a bubble recently. The international oil prices have been pulled back by negative factors such as weak economic data, weak crude oil demand, the European debt crisis and the risk of US release of reserves, but due to the deterioration of relations between Turkey and Syria, the Middle East Geopolitical risks remain, and oil prices have accompanied a sharp rebound during the sharp fall, causing oil prices to fluctuate widely.

Under the support of the tensions in Turkey and Syria, the international oil price has shown an upward trend since the past week. Affected by this, despite the recent three crude oil price changes, the rate of decline remains noticeably narrowing.

The measured data showed that the average daily price of crude oil in the three places on October 16 was US$113.068 per barrel, and the average price in the past 22 days was US$110.616 per barrel, which was 2.39% lower than the benchmark price on September 7.

Analysts said that if the international oil price continues to fluctuate at the current level, the rate of change in the three places will rebound at a low level around 20th. If the international oil price rises steadily, the rate of change in the three areas will accelerate. This time, the oil price adjustment time window Difficult to open.

Some analysts also said that it is expected that by the end of this month, the rate of change in the three places will stop falling and rebound. This month, the rate of change will hardly fall below -4%, and the downward adjustment window will not be opened. It will be difficult for the domestic refined oil market to usher in October. The fourth time this year was lowered.

Traders' cargo dumping damages Petrol price cuts Although oil price cuts basically failed in October, due to the current negative rate of change in the three regions, the outlook for downgrades still remains, and the bearish atmosphere in the refined oil market remains relatively strong.

The above analysts said that in the first three quarters of this year, most domestic main sales tasks were not completed well, which led to an increase in the main sales tasks in the fourth quarter. Moreover, traders actively sell inventory to reduce losses, making the current market circulation resources more abundant.

A lot of bad news under pressure, the recent domestic refined oil prices continued to decline. According to monitoring data, as of October 16th, the domestic average price of 93# gasoline was 9,630 yuan/ton, a cumulative decrease of 144 yuan/ton from September 19, and the average price of 0# diesel was 8,341 yuan/ton, compared with September. The cumulative decline of 190 yuan/ton on the 19th.

Analysts said that although the main units in major regions have successively reduced the execution price of gasoline and diesel oil to the wholesale in place price, the execution price of diesel oil in certain parts of North China and East China has fallen below the wholesale in place price. However, downstream businesses still have no intention of receiving goods, generally holding the money to the market, and only rigidly demanding terminals to fill in as needed.

The bleak demand also forced privately-operated and some of the main gas stations to cut their prices and promotions. Taking Beijing as an example, after the National Development and Reform Commission raised the price of gasoline and diesel on September 10, Beijing No. 92 gasoline will return to the 8-yuan era with a maximum retail price of 8.06 yuan. / l, but recently in the gas station sales promotion war, the current minimum price has dropped to 7.51 yuan / liter, a drop of nearly 5 hair per liter.