The refined oil will meet the first three consecutive falls this year
Since the second half of this year, the domestic refined oil market has fallen in two consecutive days. September 1st is the date when domestic refined oil price adjustment window opens. Some experts predict that the domestic refined oil market is expected to fall for the first time in three consecutive years during the year, with a drop of 160 yuan. /Ton.
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It is reported that since 2014, refined oil products have gone through 16 price adjustment windows (including 4 rises, 6 declines, and 6 lay-offs). If this week's crude oil futures in Europe and the United States (93.47, -0.41, -0.44%) do not continue to soar, At 24:00 on September 1st, the downward adjustment window opened again, then the price adjustment of domestic refined oil products will usher in the seventh decline in the year.
Zhu Huichun, an analyst at Zhuo Chuang, analyzes that since the second half of this year, European and American crude oil futures have been affected by the slow recovery of the global economy and ample supply of market resources, and prices have continued to decline.
According to data from Zhuo Chuang Information, the average prices of gasoline and diesel in 31 provinces and cities in China continued to decline in 2014. Among them, the average price of gasoline and diesel in January-August 2014 was lower than that of 2011 by 700 yuan/ton and 500 yuan/ton respectively. With the change rate of -2.59% at the close of August 25, the price of oil fell by 160 yuan/ton.