Price data

Domestic 93 # Gasoline Distribution Average Price Trend Chart

Average Distribution Price Trend Chart of 0# Diesel Oil in China

According to the price monitoring of business associations, the price of gasoline and diesel oil rose this week, domestic gasoline price was 6753 yuan/ton, 2.42% higher than last week’s gasoline price; domestic diesel price was 6569 yuan/ton, 2.26% higher than last week’s diesel price.

II. Analysis of Influencing Factors

Product: This week, international crude oil prices showed a sharp rise and then fell again, but the overall trend of slowly warming up. The latest crude oil change rate was – 6.13% as of August 15, according to business association data. The price reduction of refined oil further contracted, and the market of refined oil also rose steadily.

Industry Chain: Because the Sino-US trade situation is not expected to ease, coupled with the continuous increase in U.S. crude oil inventories, international crude oil prices also fell sharply after four consecutive days of rise, but international crude oil is still in an upward trend until 15 days, WTI crude oil prices closed at $59.48 per barrel, a weekly increase of 1.62%.

Market aspect: This week, the international oil price fell sharply again after the surge. The fluctuation range is large, but the overall trend is warming up. In terms of cost support, the price of domestic refined oil market is good. At the beginning of this week, the price of domestic gasoline and diesel oil shows a good upward trend. At the same time, due to typhoon landing in South and East China, transportation and loading links are limited and shipment is suspended, which is the cumulative market demand for midweek and weekend. As a result, the crude oil slump is less affected by the refined oil market. The monthly sales plan of the main unit sales company shows different performance, mostly showing a steady upward trend, with gasoline prices rising by about 50 yuan per ton.

3. Future Market Forecast

Lu Xingjun, an analyst of refined oil products from business associations, believes that the bad news in the international crude oil market is constantly releasing, and the pressure of crude oil price rise is greater. However, the gasoline and diesel market is still confident in the peak demand season of “gold, silver and ten”, and the price of refined oil market is expected to continue to rise steadily next week.