International Oil Prices Slumped Last Week, 9%&Nbsp, Or After The Domestic Holidays.

2011/9/27 13:54:00 33

International Oil Prices Plummeted Last Week

Because of the European debt crisis and other pessimism, international

oil price

Last week, it plummeted 9%. As of Beijing time yesterday, 16 hours ago, oil prices in New York still fluctuated below 80 dollars per barrel, and Brent crude oil futures price was quoted at 102.6 US dollars per barrel.

Driven by this, the change rate of crude oil in the three cities that measured the price of domestic refined oil is changing from positive to negative again.

According to data from Yi trade information of commodity institutions, as of 23, the change rate of crude oil in three places has changed from positive to -0.66%.

Yi Mao said that if the latter Brent crude oil price remained between 104 and 105 US dollars / barrel, the change rate of three sites would fall below -4% during the National Day holiday.

However, after the collapse of international oil prices, the wholesale price of diesel oil in China is near or even the highest.

retail price

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In this regard, analysts believe that the previous oil price cut is expected to fail, wholesalers hoarding goods.

Liao Kaishun, an analyst with Yi Mao, thinks the supply is tight.

The main refinery in China is in the period of overhaul. This week's operating rate has dropped to the lowest level in the year. After Sinopec's Gaoqiao accident, the operating rate is likely to go down again.

Maintenance peak ended in late October. Even before mid October, the retail price was reduced.

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