The international crude oil price plummeted, the market wait-and-see sentiment was strong, the downstream transaction enthusiasm was not high, and the domestic oil product market price fell. According to the monitoring data of the business agency, the gasoline price on October 30 was 5160 yuan / ton, down 1.15% from the beginning of the week; on October 30, the price of diesel oil was 4577 yuan / ton, up 0.07% from the beginning of the week.
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On the 28th, the US Energy Information Administration (EIA) routinely released US commercial crude oil inventory data on Wednesday, with crude oil inventory growth far exceeding market expectations and production growth reaching a record high. The international oil market suffered Waterloo. With the increasingly severe epidemic situation in Europe and the United States, especially in France and Germany in Europe, the government has restarted restrictive measures, forming unprecedented pressure on the expectation of future crude oil demand. This week, international crude oil prices plummeted, WTI crude oil prices fell 9.23%, Brent crude oil prices fell 9.06%.
In terms of gasoline demand, the recent lack of positive boost in domestic gasoline market demand, coupled with the collapse of international crude oil and the news of the decline in the guidance price of main business units for foreign production, aggravates the wait-and-see mood of the industry, and the enthusiasm of terminal procurement is not high; in terms of diesel demand, the domestic weather is getting colder, and outdoor operations such as road engineering and infrastructure construction enter the construction period, so the diesel demand is good, but the overall diesel market is supplied Should be sufficient, coupled with the collapse of international crude oil prices, diesel market prices are weak.
As of October 30, the average start-up load of the daily decompression unit was about 74%, and the start-up load of the refinery increased slightly, and the domestic refined oil supply was relatively sufficient.
Lu Xingjun, an oil product analyst at the business club, said: affected by the epidemic situation, the international crude oil needs to decline, and it is expected that in the short term, international crude oil will continue to be under pressure, and the domestic demand for refined oil will not be supported. It is expected that the price of domestic refined oil will continue to decline.
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