As the international oil price continues to fall, the rate of change of crude oil in the three places is expected to fall below the -4% red line on the 8th, and the domestic refined oil price is lowered. Gas station price cuts continued to expand, while Sinopec lowered the internal price of gasoline and diesel to further release the price adjustment signal. Industry experts believe that the domestic refined oil price adjustment has been basically determined, but in the case that international crude oil is still at a high level and the later trend is unclear, the probability of the new refined oil pricing mechanism is not large. Affected by negative news such as French and Greek election results and US employment data, international oil prices continued to fall during Asian trading hours on May 7 after three consecutive days of decline. As of 21:30 Beijing time, New York light crude oil June futures electronic trading barrels fell 97.21 US dollars per barrel, down 1.28 US dollars, while Brent June crude oil futures fell 0.58 US dollars to close 112.52 US dollars / barrel. "According to our data model, the rate of change of crude oil in the three domestic markets reached -3.57% last Friday. It is expected to break -4% on the 8th. The window of oil price reduction will start." Zhu Huichuang, an analyst at Zhuo Chuang Information The Economic Information Daily (microblogging) reporter said. Xiwang Energy analyst Liao Kaijun said that if Brent crude oil futures remain at around $112/barrel, the domestic refined oil price adjustment conditions will be met on May 9. At that time, it will be steadily lowered for the first time in the year, and the expected decline is around 300 yuan. Under the circumstance of this environment, the market has a strong bearish expectation and the demand for replenishment is sluggish. From the beginning of April, the trend of price reduction at the gas station has shown signs of further expansion. According to Liao Kaixuan, in April, the sales plans of China National Petroleum Corporation and Sinopec were only about 50%, so the two companies recently lowered the retail prices of gasoline and diesel in Xinjiang, Inner Mongolia (Chifeng), Gansu and Heilongjiang. The number of discounted gas stations is also increasing. The gasoline, diesel and diesel in Northeast China, North China, East China and Southwest China are all favorable. According to the calculation of Anxun Siwangwang Energy, the weighted average price of 93# gasoline is 8.001 yuan / liter, down 0.065% from last week; the weighted average price of 0# diesel in China is 7.864 yuan / liter, compared with Week fell by 0.047%. It is worth noting that while expanding the retail price reduction area, Sinopec also lowered the price of gasoline and diesel. The regional transfer price is the price that the oil company allocates to the sales company in the system. The sales company obtains the refined oil at this price and then wholesales or retails it. The reporter was informed on the 7th that the internal transfer price of 93# gasoline of Sinopec in May was lowered by RMB 100/ton, 97# gasoline was lowered by RMB 300/ton, and 0# diesel was lowered by RMB 50/ton. After the price adjustment, the lowest price of gasoline and diesel prices, in Beijing, for example, 93# gasoline transfer price is 10174 yuan / ton, 97 # gasoline is 10558 yuan / ton, 0 # diesel is 8925 yuan / ton. "Sinopec's downward adjustment of the transfer price means that the price will be lowered. Otherwise, they will not actively lower the cost price. The last time the gasoline and diesel transfer price was lowered is on December 25, 2011, because the National Development and Reform Commission lowered the domestic steam on October 9. Diesel fuels are 300 yuan/ton each, while Sinopec's transfer price is only lowered by 200 yuan/ton. At the end of the year, the transfer price will be lowered again, and some profits will be increased to provincial and municipal companies." Chen Qing, an analyst at Zhuo Chuang Information. Treasure Island analyst Han Jingyuan also pointed out that Sinopec's downward adjustment of the transfer price was consistent with the downward adjustment of refined oil prices, this time is no exception. In addition to bearish oil prices, Sinopec's move is to reduce the cost pressure of the sales company. Recently, the wholesale and retail prices of gasoline and diesel are lower, making the price difference between the cost price of the sales company and the wholesale price smaller and smaller. Take Jiangsu as an example. From March 20th, the oil price has been raised so far, this is 0# diesel. A price difference has narrowed from 270 yuan / ton to 20 yuan / ton, resulting in a lot of pressure on wholesale sales. Regarding whether this downward adjustment is an opportunity for the new pricing mechanism, Han Jingyuan believes that due to the new mechanism to improve the basic content of the content, compared with the current, the frequency adjustment will be significantly accelerated, the domestic economic operation is still unstable, and the degree of openness at this time is more Large, its greater impact on the downstream, will lead to a significant increase in inflation expectations. The probability of this launch is expected to be limited. If crude oil futures return to 80 to 85 US dollars / barrel, the new mechanism is likely to be introduced. Lin Boqiang, director of the China Energy Economic Research Center of Xiamen University, holds the same view. In his view, because the Iranian issue has not been completely resolved, the possibility of rising international oil prices still exists, and the future trend is still unclear. Only when the international oil price enters a stable downward trend will the relevant departments introduce a new pricing mechanism. "Recently, the international oil price has generally fluctuated at a high level. If a new pricing mechanism is introduced, domestic oil prices will not fall, but it may rise. Therefore, this downgrade of oil prices does not mean the opportunity for the pricing mechanism to be launched." NDRC Energy Research Researcher Zhou Da said. Chemical Raw Material,Raw Chemical Materials,Chemical Raw Materials Additives,Raw Materials For Chemical Industry Mingya Trading PTE.L , https://www.mingyachem.com