Last week, the international crude oil price continued to rise, and the terminal market was bullish, driving up the price of domestic oil products. According to the monitoring data of SunSirs, the gasoline price on December 18 was 5,773 RMB/ ton, up 1.16% from the beginning of the week; on December 18, the diesel price was 5,081 RMB/ ton, up 1.76% from the beginning of the week.
Some countries such as Europe and the United States have started mass vaccination, and the international crude oil market is mainly optimistic. Stimulating by favorable factors such as the decline of US crude oil inventory last week, the international crude oil price rose strongly last week. Last week, WTI crude oil price increased 5.73% and Brent crude oil price increased 4.58%.
In terms of gasoline demand, the weather turns cold, the number of car trips increases, and the demand for gasoline market is supported. In addition, the international oil price rises, and the domestic refined oil price rises for three consecutive times. The terminal market is bullish, and the demand for refined oil increases. In terms of diesel demand, the weather turns cold, and outdoor diesel demand for road engineering and infrastructure projects drops to a low level. However, some infrastructure projects rush to work before the year end, which plays a certain supporting role.
SunSirs oil product analyst believes that: with the large-scale vaccination in various countries, the international crude oil market will remain optimistic, and the international crude oil price will remain high; in addition, the New Year Day holiday is approaching, and the demand for goods in the terminal market will increase. In the short term, China oil product market price is expected to rise steadily.
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