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The price adjustment of refined oil products will be continued during the year.
On March 14, the National Development and Reform Commission released a message saying that since the domestic refined oil price adjustment on February 28, 2018, the oil price in the international market has fluctuated slightly. According to the current domestic refined oil price mechanism, the first 10 working days on March 14 The average price is less than 50 yuan per ton compared with the average price of 10 working days before February 28. According to Article 7 of the "Measures for the Administration of Petroleum Prices", the prices of gasoline and diesel oil will not be adjusted, and the unadjusted amount will be added or offset when the next price adjustment is made. Hu Xue, a researcher of Zhongyu Information Oil Products, told the "Securities Daily" reporter that this is the first time that the retail oil price adjustment window since 2018 has ushered in. Liu Xia, a product analyst of Jinlian Chuang, told the "Securities Daily" reporter that in the aftermarket, the price of crude oil futures fluctuated, and the news lacked clear guidance. The supply and demand fundamentals will still dominate the market. Beginning in late March, some of the main refineries have entered the spring maintenance ranks, and at present, during the two sessions, local refineries have increased maintenance and individual refineries have reduced their domestic resources. At the same time, as the temperature gradually picks up, the outdoor oil units will resume work, and the spring agricultural oil reserves will also be launched one after another. However, in view of the obvious price advantage of local refineries, the industry has chosen more and lower choices. In the context of still exceeding supply, the market price war will continue. Therefore, it is expected that domestic diesel prices or shocks will be dominated in the later period. Moderate callbacks are inevitable. Due to the lack of holiday boosts, the demand for gasoline terminals is relatively flat, with recent market or narrow-scale consolidation. Hu Xue said that in the next price adjustment cycle, the current crude oil price is temporarily suspended as a negative trend, and the long-term bullish trend of crude oil will not change.