Price data
According to the price monitoring of business associations, the price of gasoline and diesel oil rose this week, domestic gasoline price was 6416 yuan/ton, 2.58% higher than last week’s gasoline price; domestic diesel price was 6589 yuan/ton, 3.47% higher than last week’s diesel price.
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II. Analysis of Influencing Factors
Products: On July 23, at 24pm, the price adjustment of refined oil market ushered in the second grounding in the year. This week, oil price shocks and rebounds, which promoted the domestic refined oil market to rise.
Industry Chain: On the international crude oil side, the situation in the Middle East continues to ferment. Iran’s seizure of British tankers has upgraded the situation. International oil prices have gained this momentum, and oil prices have surged upwards.
Market aspect: Because of the good crude oil, the fluctuation of international oil price, the strong purchasing atmosphere of refined oil market earlier this week, refineries continue to push up the price of gasoline and diesel oil. At the same time, the price of gasoline and diesel oil has also been pushed up to the highest level in the year. With the weakening of local refinery gasoline and diesel oil shipments and the increasing pressure of refinery inventory, gasoline and diesel prices have begun to stimulate shipments. There is a decline. Overall, the domestic refined oil market rose first and then fell slightly.
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3. Future Market Forecast
Lu Xingjun, an analyst of refined oil in Shandong Business Association, believes that after continuous replenishment in the early stage, downstream traders are now entering the wait-and-see stage of depot elimination, and the price of gasoline and diesel oil in Shandong local refining market is expected to fall first and then rise.