International oil prices hit a record high domestic wholesale price in nine months

According to data from a number of organizations including Zhuo Chuang Information, Treasure Island, and CBI, last week's rapid rise in international oil prices hit a new high in nine months. As of February 24, the rate of change in international oil prices in the three places has exceeded 4%. Some analysts said that according to the current trend of international oil prices, by March 8th, the rate of change in the three regions may reach 8%, and the domestic oil price increase will be “on the strings”.

The rate of change in oil prices in the three places has exceeded 4%

Influenced by the situation in Iran and the sanctions imposed by the United States and Europe on Iran’s oil ban, international oil prices continued to rise this month.

Data show that London Brent oil prices have closed up 14 days in 16 trading days, and February's gains have accumulated more than 10%, the highest single-month increase since March 2010, and created nine months new highs.

CBI Data showed that Brent closed at 125.47 US dollars/barrel on Friday, up 5.52 US dollars/barrel from a week ago. European and American crude oil prices all hit new highs in nearly 10 months.

As of February 24, the information monitoring data shows that the rate of change in the three regions has reached 5.04%. The figures of Zhuo Chuang Information and Treasure Island also show that the rate of change in oil prices in the three places has exceeded 4.5%.

According to the regulation of refined oil prices announced by the National Development and Reform Commission, the price of domestic refined oil can be adjusted when the rate of change of international oil prices reaches 4% for 22 consecutive working days.

The wholesale market oil price has risen. Before this, the domestic refined oil price has been raised once on February 8 this year. The prices of gasoline and diesel have risen to RMB 300/ton.

Driven by the rate of change in oil prices in the three international markets, the wholesale price of the domestic refined oil market has started to increase. According to the data from CBI, as of February 24, the national average price of domestic 0# diesel was 8,490 yuan/ton, which rose by 14 yuan/ton in one week, and the national average price of 93# gasoline was 9,122 yuan/ton, up by 11 yuan. /Ton.

In addition, the private oil company data monitored by the agency reflects that at present, the price of national standard gasoline in South China Petroleum and Sinopec's two major groups has risen, and the price increase ranged from 50 yuan to 100 yuan/ton.

â–  "Oil prices may postpone rising during the period" "The international oil price has not fallen since the last price adjustment." Treasure Island analyst told reporters that the current international oil price trend is an important factor in whether the domestic refined oil price increases in the later period. . At present, political games of all parties have become unpredictable. Investors' psychological expectations and speculative operations of speculation are the leading factors in promoting the soaring of international oil prices. In addition, due to the impact of the European debt crisis, the future oil price may remain at the current high level. Even according to the current international oil price level, the rate of change in the three regions may reach 8% after meeting the conditions of 22 working days on March 8. The price adjustment window will open.

CBI analysts believe that due to the “**” held from March 5th to 14th, the government may be mainly stabilizing and the price adjustment may be postponed. However, there are market practitioners who believe that if the time is pushed back, the average price of crude oil in the three places will increase, and the rate of increase will increase. In order to stabilize the market price as much as possible, it may meet the price adjustment conditions and immediately adjust the price.