International oil prices fall at the end of the forecast

On the 14th, the reporter learned from the interview that the international oil price benchmark on the New York Mercantile Exchange crude oil** main contract price has been falling for three consecutive weeks. The domestic price adjustment has been approaching zero based on the change rate of the average price of the three oil prices in the world. Industry forecasts for August Around the 25th, China will usher in a price adjustment window.

In spite of the rebound in international oil prices over the weekend, overall, international oil prices still maintained a downward trend. Monitoring from the domestic monitoring agency XI's energy shows that the international oil price has changed from the previous 2% for 22 consecutive working days. Drop to 0 nearby.

Liao Kaishun, a refined oil analyst, initially estimated that if the price of Brent crude oil continues to fluctuate around the current level of US$103/bbl, the price of domestic refined oil will be adjusted downwards on August 25, the fastest two weeks later. Opened, the price adjustment ranged from 250-300 yuan/ton.

In the trade that ended on Friday, the closing price of the main contract of crude oil** on the New York Mercantile Exchange fell 0.4% to US$85.38 per barrel. The main contract of crude oil** on the London Intercontinental Exchange closed at $108.03 a barrel, which was close to zero.

In the event of a sharp drop in international oil prices and the expected drop in domestic prices, the already bleak domestic refined oil market is worsening. Many refineries have announced maintenance or disclosed maintenance intentions.

These companies include Changyi Petrochemical, a subsidiary of China Chemical Industry Corporation, and Haihua Group, a subsidiary of CNOOC, while Hongrun Petrochemical's stakeholders, which are part of Sinochem International (600500), also disclosed recent maintenance intentions.