The price trend of domestic refined oil has risen sharply in the past three days. The price of domestic 92# gasoline is 7792.4 yuan / ton, up 5.71%; The price of domestic 0# diesel oil was 6684.4 yuan / ton, an increase of 6.42%. At weekends, some manufacturers raised the ex factory price of refined oil one after another. The main factor was the inspection of local refining production units, the lack of diesel resources in the river, the limited stop of distribution in major oil depots, and the price of refined oil soared.

The price trend of gasoline and diesel in Shandong increased sharply, and the overall trading atmosphere was acceptable. Shandong local refining manufacturers exceed the balance of production and sales, and have a strong willingness to continue to rise in prices. Middle and downstream customers operate with low inventory for a long time, demand for inventory and replenishment, and actively prepare goods under the stimulation of buying up mentality. In addition, affected by the traditional peak demand season of “golden nine and silver ten”, the price of refined oil rose sharply. Entering the “golden nine” peak season, industries such as engineering and infrastructure are actively catching up, and the logistics and transportation industry is also active. The demand for diesel continues to improve, and the price trend of diesel in the field is rising; In terms of gasoline, the Mid Autumn Festival and National Day holidays are approaching, the travel intention is increasing, and the demand for gasoline also has room to improve. On site operators prepare goods in advance, the recent refining and shipment is smooth, and the price of steam and diesel continues to rise. In addition, according to the inspection of local refining production units, there is a lack of diesel resources in the river, the limited delivery of major oil depots is stopped, and the storage of terminal customers is low. In addition, the goods are actively prepared before the double festival, and the consumption buying mentality is biased. The refining oil price has risen sharply in the past three days.

Crude oil: international oil prices rose on Friday. The settlement price of the main contract of WTI crude oil futures in the United States was US $69.72/barrel, up US $1.58 or 2.3%, and the settlement price of Brent crude oil futures was US $72.92/barrel, up US $1.47 or 2.1%. The hurricane led to the decline of oil and gas supply in the Gulf of Mexico. At present, it will take some time to recover. The tight supply in the United States led to the rise of oil prices. In addition, the data show that the decline of U.S. commercial crude oil inventory last week was less than the market expectation, gasoline inventory decreased sharply, and the positive inventory data supported the rise of oil price. The rise of crude oil market price has a certain positive impact on the domestic refined oil market, but the sharp rise of oil price is mainly caused by the contradiction between supply and demand.

Supply and demand of refined oil: Recently, the operating rate of Shandong refinery is normal, but the supply in the South has declined, and the transformation of oil depots in some areas is an important reason for the shortage of local resources. In terms of gasoline demand, the Mid Autumn Festival and the National Day are approaching. Some operators need to store in the city for replenishment. The main business units have a strong attitude of supporting prices, and the gasoline price has increased, but the increase is not large. In terms of diesel, with the high temperature weather and the end of the fishing moratorium, the demand for diesel terminal is improving. In addition, the operating rate of domestic industrial, mining and infrastructure projects is high, and the demand for diesel gradually recovers. There is a certain optimistic mood among downstream operators. Affected by the expected increase in demand, the price of domestic refined oil continued to rise.

Chen Ling, a refined oil analyst at business society, believes that under the background of the slowdown of economic recovery, China’s investment in oil reserves will continue to affect the oil market in the medium and short term, and the output affected by the hurricane in the United States is also difficult to offset the impact of the epidemic on demand. In the short term, there is still uncertainty in the crude oil market, the current domestic market supply and demand and market news, The shortage of diesel resources in some areas is still possible to continue. In addition, the approaching of the double festival brings good expectations, the terminal demand for gasoline has increased, and there is still room for rise in the price trend in the later stage of the festival.