the reference crude oil varieties the average price of 53.92 U.S. dollars / barrel

A UN estimates, as of January 19th fifth working days, the reference crude oil varieties the average price of 53.92 U.S. dollars / barrel, the change rate of -0.64%, corresponding to the retail price of gasoline and diesel should be reduced by 30 yuan / ton. Enter the next week, the international crude oil prices or concussion, but to a lesser extent, the change rate of volatility is limited, the retail price or price adjustment window will be closed.

Jinlian chuangxun market analyst Jing Wong believes that the main oil producing countries to actively promote the production schedule and the dollar tumbled to support oil prices, but the data is not satisfactory Chinese lead the market for China economic slowdown. The Russian side in the production after the expiry of the agreement once again push crude oil production is expected and recent U.S. shale oil production growth led to the pessimistic expectations of investors, increase the downward pressure on oil prices. Overall, compared with last week, the international oil price decline is more obvious. The recent international oil prices are expected to continue shock pattern, the mainstream operation range will move down to around $51-54.

The domestic refined oil prices overall downward shocks, only Shandong refining market relatively strong performance. More specifically, the trend of international crude oil shocks, increased wait-and-see mood in the market, coupled with the approaching end of the year, downstream users have holiday shutdown, diesel demand weakened further, to support post market.

During the holiday, the domestic high-speed will start the limit line, foreign customers to purchase long refining resources greatly reduced, so most of the refinery is still actively shipments, control inventory level and the actual shipping discount is still large. Overall, this week is the Golden Week Holiday Stocking, main and local refineries and more promotional rush, the purchase and sale of relatively active.