Recently, the price of domestic refined oil has increased significantly. The price of domestic 92 gasoline reached 7932.6 yuan / ton, up 4.62% in June. The price of domestic 0 diesel oil was 6367 yuan / ton, up 4.15%. It mainly promoted the increase of consumer demand. In addition, the price of upstream crude oil has been greatly boosted. With the implementation of consumption tax on light circulation, mixed aromatics and other oil blending raw materials, multiple benefits have been superimposed, Domestic oil product prices have risen.
In June, the price of gasoline and diesel still went up in Shandong Province, which was supported by the market. However, the overall price level is on the high side, and the acceptance of the middle and lower reaches is not high. In June, with the implementation of consumption tax on light circulation, mixed aromatics and other oil blending raw materials, the refined oil market was supported by certain advantages, and the price of diesel oil rose by a large margin. However, with the completion of summer harvest in the north, the rainy season in the south is coming. At present, the domestic weather is mainly hot and rainy, and the start-up of industrial and mining industries abroad is limited, so the diesel oil continued to rise weakly. The price trend of crude oil market has risen sharply. In addition to the good trading situation in the market, the price trend of refined oil has risen.
Crude oil: in June, the price of crude oil rose sharply. After the acceleration of vaccination in many countries, the epidemic situation in India also showed an obvious inflection point. With the rapid recovery of crude oil demand, the price of crude oil showed a strong upward trend, once rising to the highest level in 32 months. As of Tuesday, the settlement price of the main contract in the U.S. WTI crude oil futures market was at US $72.85/barrel, while the settlement price of the main contract in Brent crude oil futures market was at US $74.81/barrel. The rising price of crude oil market has formed a certain cost support for the domestic oil product market, and the domestic cost has a rising trend.
The supply and demand side of refined oil is good: in the second quarter, some maintenance units of atmospheric and vacuum distillation were restarted, the operating rate of refineries rose, the supply side increased from where it was, but the demand also increased accordingly. In terms of gasoline demand, the domestic temperature is appropriate, the travel radius of the public has increased, and there is a certain demand for goods preparation and storage in the market. In terms of diesel oil, the summer harvest in northern China has started one after another, the agricultural oil consumption may increase gradually, the demand for diesel oil in engineering infrastructure, logistics and transportation industries continues to pick up, and the terminal demand for diesel oil has strong support. Positive demand superimposed, domestic oil prices continued to rise.
Recently, the average start-up load of atmospheric and vacuum distillation units in domestic main refineries is about 78%. In June, the main refineries resumed work, the number of refineries increased, and the supply side increased.
Chen Ling, an oil products analyst at the business club, believes that the recent international crude oil price is favorable. June is in the traditional peak oil consumption season in the United States. In addition, the epidemic situation has been alleviated to some extent, and there is a certain cost support for international crude oil. However, the domestic product oil price is at a high stage, and downstream users have a certain resistance to high prices, so there is a great pressure to continue to rise sharply, There is little room for price increase in the later stage.
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