International oil prices rise higher domestically

Since February, the international oil price has obviously strengthened. After rising to a new high in the past nine months on the 20th, it remained stable at a high level on the 21st. However, in the face of weak demand fundamentals, domestic gasoline and diesel prices have stopped rising and falling. Traders have reduced their market operations and they have taken a wait-and-see attitude. Analysts believe that if crude oil continues to rise, as the demand for gasoline and diesel in the downstream recovers, there may be a tight supply and demand situation during the peak period of domestic refinery maintenance from March to May.

With the approval of the euro zone finance ministers for the second round of the Greek rescue plan, New York crude oil ** was held steady at 104.8 US dollars/barrel on the 21st (Tuesday) Tuesday, and Brent crude oil also hovered above 120 US dollars/barrel. As of Beijing time 16:1, NYMEX crude oil reported 104.85 US dollars / ounce, up 1.61 US dollars, or 1.56%; Brent crude oil reported 120.15 US dollars / ounce, up 0.10 US dollars, or 0.08%.

Multi-agency monitoring data show that the current international crude oil crude oil price change rate has exceeded 2%. According to Shen Tao, oil analyst of Zhongyu Information, as of February 20th, the crude oil in the three places was trading at an average weighted price of 114.626 US dollars per barrel for 22 consecutive days, the benchmark average price was 111.907 US dollars per barrel, and the crude oil change rate in the three places was +2.43%. . The monitoring result of Treasure Island, a large-scale product e-commerce platform, was +2.30%, while the rate of changes in the three areas of interest in the interest rate of interest in Infohorn Energy was almost equal to 3%, reaching 2.82%.

Undoubtedly, the sharp rise in the international crude oil price will directly increase the refinery cost of domestic refineries and drive up the wholesale price. After the National Development and Reform Commission raised the price of oil at the beginning of the month, prices of gasoline and diesel around the country rose by RMB 300/ton. However, because the demand for downstream terminals continued to be poor, the prices of SAIC Motors and diesels in the wholesale market began to rise and fall last week. While the prices in South China, East China and North China remained unchanged, the transactions were mainly based on volume discounts.

According to Treasure Island, a large-product e-commerce platform, the average price of 93# gasoline is 9690, down 26% from the previous week; the average price of gasoline is 10297, down 9 from the previous week; the average price of diesel is 8588, down from the previous week. 19. From a regional point of view, the diesel-stricken areas accounted for 51%, mostly concentrated in South China, East China, and North China. Beijing and Tianjin used the trend of crude oil to push up prices, but actual transactions did not show any volatility. Gasoline declining areas accounted for 21%. Occupy 79%.

According to Han Jingyuan, an analyst at Treasure Island, the weaker downstream demand and the high inventory of main and wholesalers suppressed the further rise of oil prices. She pointed out that the underemployment of small and medium-sized enterprises, combined with weather and other external factors, led to a delay in the start-up of downstream demand and slow consumption of resources. Under weak shipments, Sinopec, PetroChina, and other major companies have increased their inventory pressure. Before the NDRC adjusted the price, traders reduced stocks to medium-high levels. The current wait-and-see mentality continues, and the oyster-oil market is cooling.