Vous êtes sur la page 1sur 3

The Fed 's plan to cut QE has officially landed, the recent international oil prices are surprisingly

not fall , especially Brent oil prices rose more than 3%. International oil prices make this round of abnormal reaction of domestic refined oil price direction is reversed . Experts said Thursday ( December 26 ) , the domestic oil price adjustment time window will open , it is expected that the oil prices down or fall, due to the current round of price adjustment is likely to have dropped the price adjustment threshold is not met and ran aground. QE cut boot floor rise, not fall in international oil prices December 18 , the Fed announced that from next year January slight reduction in monthly asset purchases , from the original $ 85 billion down to $ 75 billion . Reduction of QE on the international oil market should be bad news , international news , crude oil futures performance can be observed after landing , the New York oil prices and Brent oil prices were up more or less . As of December 24 closing, the New York oil prices closed at $ 99.22 a barrel, Brent oil prices closed at $ 111.9 per barrel . QE policy in the reduction of landing five trading days , the New York oil prices gained 2.1% ; Brent oil price has risen 3.2%. QE policy to cut landing , why not drop in international oil prices rise ? In this regard, experts said , the international oil market proves that the abnormal reaction of U.S. economic recovery and oil demand outlook optimistic . Crude oil futures investment analyst Wang Yanhui said before the final round of the Fed's policy meeting held during the year , the market has long been expected to cut QE , therefore limited actual impact on the market . In addition , the recent U.S. economic data outperformed crude oil inventory data has fallen sharply for three consecutive weeks , reflecting strong demand for oil . In addition, the Fed's QE cuts small, moderate pace , better than market expectations . CBI Group vice president , chief analyst Zhong Jian CBI Research Center , said the monthly asset purchases after cut $ 10 billion , QE still larger scale , to speculators on the oil futures market, the actual impact is not large . "QE cuts more moderate , still reflecting the ' doves ' style ." Sinopec net oil analyst Li Yan Lung Chung said that although the Fed said the future may continue to slightly cut QE, but it is also clear that the unemployment rate fell to 6 after .5 % or less , still be able to keep the federal funds rate at the current low levels for some time. This means that the low level of interest rates , monetary policy is expected to be more long lasting , it is still supporting the oil market . The current round of domestic oil price adjustment or stranded

Recently a domestic oil price adjustment occurs at 12 December 24, the gasoline and diesel prices were up by 60 yuan per ton . According to the "oil price (Trial ) " provides that once the domestic gasoline and diesel prices , the international market price of crude oil price adjustment with effect changes every 10 days for the price adjustment to adjust the date according to the time 24 , when the price rises less than 50 yuan per ton , no adjustment , cumulative or offset when incorporated into the next price adjustment . December 25 is the first nine days of the valuation cycle. Experts said that tomorrow ( December 26 ) is the first 10 days round -denominated cycle time oil price adjustment window will open again . However, due to the past few trading days , the international oil price rise, not fall , therefore , domestic oil prices are expected to round down expectations or fall, during the final round of oil price adjustment or stranded. 50 yuan per ton price adjustment threshold is the new oil pricing mechanism required . Acciona think Wang rate of energy monitoring data show that the current round of oil price cycle package to run a negative rate of change , domestic oil prices will always be in the lower range, which as of December 13 , the corresponding domestic oil prices down by about a tonne $ 80. International oil prices rose slightly late can make the corresponding downward adjustment in domestic oil prices narrowed to less than the price adjustment threshold. As of December 24 , the corresponding prices have dropped only 20 yuan per ton . Acciona think C1 Energy senior analyst Liang Dan said that if international oil prices falling about $ 3 a barrel , that Brent oil prices fell to near $ 108 a barrel , the corresponding domestic oil prices have dropped only 50 yuan per ton just to meet threshold. But on December 25 the European and American markets , crude oil futures closed due to Christmas and , therefore , the current round of domestic refined oil price aground almost a certainty . " Among the domestic oil prices are expected to decrease , probably because of abnormal response of the international oil prices and the fall ." Social business oil analyst Li said that although the different rates of change in crude oil monitoring various research institutions , but for the current round of oil or stranded consistent with expectations. Domestic oil wholesale market weakness ahead Although domestic oil prices down may be expected to fall, but the reporter has learned , refined oil wholesale market has weakened ahead , consumers are expected to benefit. In November and early December of this year, domestic oil resources, especially diesel fuel resources are extremely tight in some areas, even phased diesel nervous. But after entering late December , with the New Year and Spring Festival holiday, oil demand is gradually cooling, "diesel

shortage" alert has been basically released. Eastern oil and gas network monitoring data show that the recent wholesale gasoline prices basically stable, diesel wholesale prices have started to decline slightly . As of December 25 , east China wholesale price of diesel 8,175 yuan per ton , even lower than December 12 before the price increase in domestic oil prices 13 yuan . Li said that with the gradual end of refinery maintenance , supply of the diesel market has gradually picked up. On the demand side , with the holidays coming up, the mining industry operating rates gradually decreased to some extent inhibited the diesel demand . Overall, winter diesel nervous stage has basically been completed, the late domestic oil prices may continue to weaken. Lovells Zhongyu Information analyst was also said that after entering the mid to late 12 , domestic diesel resource constraints phenomenon has gradually eased. In the short term , oil companies and traders may continue under pressure to ship sale, expected short-term wholesale oil prices remain stable or downward trend. OGEM Solids Control Blog http://chinesesolidscontrol.blogspot.com/ OGEM Solids Control solids control equipment http://www.ogemsolidscontrol.com/

Vous aimerez peut-être aussi