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Oil products: Yu Yaxin
Background: since this pricing cycle, the international crude oil has fluctuated in a narrow range and the average value of crude oil has declined compared with the previous month. Affected by this, domestic referenceMusketeermegawaysslotThe rate of change of crude oil continues to fluctuate in a negative range. At 24:00 tonight, the retail price limit of domestic oil products will be lowered, and the cost of oil used by consumers will be reduced.
Zhuochuang point of view: in this pricing cycle, crude oil prices are low and weak, and the market chooses to wait and see, mainly because of the gradual return of geographical premiums with the cooling of the situation in the Middle East. Us oil inventories reported neutral, although commercial crude oil stocks unexpectedly declined and gasoline stocks also decreased over the same period, but distillate stocks increased, coupled with a decrease in US gasoline and distillate demand compared with the same period last year and month-on-month, the overall impact on oil prices is limited under the interweaving of long and short positions. In addition, the recent high and small fluctuations of the US dollar have not come out of the big trend, which has also led to the narrow fluctuation of oil prices. Affected by this, the domestic estimated rate of change of crude oil continues to operate in a negative range. 24:00 on April 29th, the retail price limit of domestic oil products will be lowered, which is also the second reduction so far this year. According to the Zhuangchuang information data monitoring model, as of April 26, the change rate of domestic reference crude oil on the 10th working day was-1.Musketeermegawaysslot.72%, it is expected that the domestic retail price limit for gasoline and diesel will be reduced by 70 yuan per ton, and the discount price for gasoline, gasoline and diesel will be reduced by 0% respectively.Musketeermegawaysslot.05, 0.06, 0.06 yuan. After the implementation of the downward adjustment policy, the travel cost of consumers has been reduced to a certain extent.MusketeermegawaysslotLet us take a small private car with a fuel tank capacity of 50 liters as an example. Filling a tank of 90 liters of petrol will cost about $2.5 less than before.
In the future, it is a foregone conclusion that the Fed's interest rate target will be stable in early May, and the stronger US dollar and demand concerns caused by the delay in interest rate cuts will put pressure on the oil market; the geopolitical situation will continue to stalemate but escalate out of control, and the impact of support disturbances on the oil market is expected to weaken. Based on current crude oil prices, the recalculated rate of change is positive and low, with a price adjustment window at 24:00 on May 15th. As the next round of price adjustment cycle spans the May Day short holiday, the price adjustment cycle is longer, and the international crude oil changes greatly, the final result is uncertain, Zhuochuang Information will continue to follow up the report.