The decline in the wholesale price of diesel in some localities is expanding to a greater extent. According to an interview with the reporter on November 17, 2010, the average diesel wholesale price in the country fell for the first time in recent days, although it fell only 4 yuan per ton. And overall, the wholesale and retail price of diesel in the country is still seriously upside down, and the supply situation is still tight. However, people in the industry say that the shortage of diesel oil has appeared to alleviate the signs.
Average market price falls
The reporter recently learned that the decline in the wholesale price of diesel oil from local refineries in Shandong has spread to North China, Northeast China, and South China. The wholesale price of diesel oil from local refineries in North China, Northeast China and South China dropped by 50-150 yuan per ton. Affected by this, the national wholesale price of diesel oil has fallen for the first time in recent history. Statistics from CBI show that on November 17th, the national average price of diesel wholesale was 8,128 yuan/ton, which fell by 4 yuan per ton. In response, Liao Kaixi, an analyst at CBI, said that the “darkest moments of the diesel shortage have passedâ€.
However, the average diesel wholesale price in the country is still much higher than the national retail price of diesel. Taking No. 0 diesel as an example, the current national wholesale price of diesel oil remains at around 8,000 yuan/ton, and the highest retail price of diesel in the country is only 7,625 yuan/ton in Kunming.
Exploring the decline in international oil prices
The continuous decline in the international oil price is a “response†to the decline in the domestic wholesale price of diesel . On November 16, international oil prices continued to decline for the third consecutive trading day and fell from US$87.8 to US$82 in just three trading days. Relevant sources said that the continuous decline in international oil prices, making the cost of domestic local refineries down, coupled with concerns that the wholesale price of diesel will continue to fall, so the factory wholesale prices fell, and diesel purchasers to prevent the wholesale price of diesel continue to fall, It also reduces the amount of purchases, thus creating a chain effect.
It is worth noting that the rate of change in the average price of international oil prices for 22 consecutive working days will exceed 4% on November 18. As of the 16th, the average rate of change in the average price of international oil prices for 22 consecutive working days was 3.93%. According to Liao Kaiyu, an analyst at CBI, the change rate of 4% is inevitable. However, if the international oil price stays at around US$82/bbl in the next few days, the rate of change will shrink to 4%. .
Increased market supply
In addition to the drop in international oil prices, the increase in the nation’s diesel supply has also led to a decline in the domestic wholesale price of diesel. Taking Chongqing, which has a severe shortage of diesel, as an example, the giants of Sinopec and PetroChina have decided to increase supply of about 70,000 tons of diesel. Fang Yong, assistant to general manager of PetroChina Chongqing Sales Co., Ltd., said that the company has started an emergency security mechanism to fully protect the market supply. Since November, sales plans have been raised several times. The average diesel daily supply is lower than the normal level from January to October. 15% more.
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