1、 Price data

According to the price monitoring of the business agency, the price of gasoline and diesel is basically stable this week. The price of domestic gasoline is 6126 yuan / ton, 2.37% lower than that of last week; the price of domestic diesel is 5843 yuan / ton, 0.39% lower than that of last week.

2、 Analysis of influencing factors

Product: the international crude oil is running at a low level this week, with a large fluctuation range. At present, the price adjustment of domestic refined oil on February 18 is expected to be significantly reduced by 450 yuan / ton, and the market demand for refined oil is greatly reduced due to the impact of the epidemic.

Industrial chain: the international crude oil market is also affected by China’s epidemic situation. At present, China’s crude oil demand is severely suppressed, and the demand growth is relatively limited. At the same time, Russia’s attitude on deepening production reduction is not clear, and the crude oil market has doubts about the implementation of real production reduction. This week, the international oil price is running at a low level, with a large fluctuation range.

Market: the sharp drop of international crude oil price suppresses the market price of refined oil. At the same time, in terms of gasoline demand, automobile travel is still limited, the market lacks substantial advantages, gasoline demand continues to be depressed, refinery inventory increases, and the overall performance of market transactions is still relatively weak. In terms of diesel, the crude oil news continued to be negative for the oil market. In addition, the terminal demand for industry, mining and transportation was limited, and the diesel market turnover was low, so refineries continued to reduce the price of diesel. This week’s oil product market price performance was low.

3、 Future forecast

Lu Xingjun, an analyst of refined oil products of business association, believes that: the price of international crude oil market has fallen to a low level, and the market price of refined oil has fallen to a low level. With the resumption of work and the alleviation of the epidemic, the market demand for refined oil will gradually increase. It is expected that the market price of refined oil will rebound in the near future.