echemi logo
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > Oil prices may be stranded again during the year. No. 92 gasoline is still in the "6 yuan era"

    Oil prices may be stranded again during the year. No. 92 gasoline is still in the "6 yuan era"

    • Last Update: 2021-06-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit

        Original source: Sino-Singapore Jingwei

        Sino-Singapore Jingwei Client, May 28th (Xiong Jiali) Today (28th) at 24:00, the window for the tenth round of domestic refined oil price adjustments in 2021 will be opened.
    Institutions generally predict that this round of domestic oil prices is likely to be stranded.
    This may be the second time that domestic oil prices will be stranded this year.

        In the early morning of May 27th, Beijing time, international oil prices rose.
    New York light crude oil futures for delivery in July rose 14 cents to close at 66.
    21 US dollars per barrel; Brent July crude oil futures closed up 0.
    22 US dollars, or 0.
    32%, to 68.
    87 US dollars per barrel.

        Zhang Zhaoxin, an analyst at Zhuo Chuang Information, said that in the near future, international oil prices have fallen first and then increased.
    The average crude oil price in this cycle has a small gap with the previous pricing cycle.
    Corresponding to the increase of refined oil products by less than 50 yuan/ton, this round of domestic refined oil price adjustments High probability of stranding.

        Longzhong Information analyst Li Yan analyzed that the overseas epidemic is still severe and investors are still cautious; with the advancement of vaccination, the United States, China and parts of Europe are recovering quickly from the epidemic, covering up the weakening of demand in India.
    It is expected that on May 28, the domestic refined oil price adjustment corresponds to a theoretical reduction of about 10 yuan/ton, which is difficult to exceed the plus or minus 50 yuan/ton price adjustment red line.

        In terms of retail sales, the gasoline prices of 92# and 95# at Sinopec gas stations in Shandong are currently 6.
    74 and 7.
    23 yuan per liter, respectively.
    Li Yan pointed out that this round of retail prices may not be adjusted, and private car owners can arrange refueling according to actual needs.

        According to statistics from the Sino-Singapore Jingwei Client, since 2021, domestic refined oil prices have been adjusted for nine rounds, with a total increase of RMB 1,005/ton for gasoline and RMB 970/ton for diesel.
    If this price increase is implemented, the price adjustment of refined oil products in 2021 will show a pattern of "seven ups, one down and two strands".

        In accordance with the "ten working days" principle, the next round of price adjustment window will be opened at 24:00 on June 11, 2021.
    Li Yan predicts that the next round of refined oil price adjustments will have a higher probability.

        Zhang Zhaoxin believes that the market currently holds optimistic expectations for global demand growth.
    After market pricing is carried out, favorable factors still dominate, the outlook for the market remains unchanged, and short-term international oil prices may show a strong trend.

        Regarding the market outlook, Jinlianchuang analyst Zou Xuelian said that the market is still optimistic about the growth of global crude oil demand, but the US-Iran negotiation process still affects market sentiment.
    Therefore, it is expected that short-term international oil prices may remain high and fluctuate, and the rate of change will fluctuate within a narrow range.
    On the whole, the domestic automobile and diesel market lacks substantial upward momentum, and it is expected to maintain range consolidation in the short term.
    (Zhongxin Jingwei APP)

    This article is an English version of an article which is originally in the Chinese language on and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.
    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent Echemi's opinion. If you have any queries, please write to It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to with relevant evidence.