International oil prices fell endless domestic oil prices ushered in the largest decline during this year

In the last round of refined oil price adjustment, China’s oil prices because of the change in the range of the bottom line and inverted stranded, forming a “three up three down three stranded” situation, according to China’s refined oil price adjustment rules, the next round of price adjustment The window opens on Thursday (May 24 at 24pm).

However, according to the new financial analysis of the street, said the oil price adjustment, will be a decline in oil prices, and is likely to exceed the previous March 28 China’s largest so far this year, the largest adjustment (down 230 yuan / Ton and 220 yuan / ton).

Since the April 26 domestic oil price adjustment stranded since a series of negative factors collective fermentation, investors continue to increase the shale oil fears continue to be difficult to resolve. At the same time, in the United States after a substantial increase in refinery load, crude oil inventory pressure has not been significantly improved, imbalance between supply and demand situation is still difficult to solve. At the same time, as the cut-down agreement weakened due to deferred time, the US continued to increase production led to lower imports, crude oil pressure down, although the US crude oil in the vicinity of 45 US dollars to obtain some support, but rebound resistance.

Affected by this, on May 2 and 3, respectively, after a record intraday and intraday low, May 4 is a “flash”, once plunged more than 5% intraday, plummeted to five-month low. May 5 Asian international oil prices fell further, down more than 3%. Driven by international oil prices, the domestic oil price adjustment reference crude oil rate of change all the way negative development. As of May 5, Beijing oil prices collapse. According to the relevant agencies to measure crude oil rate of change of -5.95%, the valuation of crude oil 49.851 US dollars / barrel, compared with the benchmark price fell 3.154 US dollars / barrel, immediately converted into the domestic oil price adjustment has been close to 200 yuan per ton.

According to Xinhua (Daqing) International Petroleum Information Center released the report, as of May 5, the national refined oil price index was 664.09, down 0.30%, the national refined oil price index continued downward.

After May 5, the international oil prices continued downward, although in the morning of May 8 with a small rebound, but completely can not restore the overall trend of decadence.

At present, the next time the oil price adjustment window only 3 working days, short-term rebound in oil prices is very difficult, and the international oil prices continue to fall among the new melting street is expected to oil prices is expected to refresh the current year’s largest decline.