In April, the domestic oil price has strengthened against the trend, and the cumulative price increase of gasoline during the year has expanded to 875 yuan/ton, however, the new round of pricing cycle, the international oil price has risen and fallen, and the domestic gasoline and diesel prices are expected to fall stronger! However, due to Israel's attack on Iran, the geopolitical crisis in the Middle East has been further exacerbated, the international oil price has risen sharply against the trend, the oil price has "roller coaster", and the domestic gasoline price reduction may be difficult to cash! So, what's happening in the market?
Refined oil market: Since 2024, domestic oil prices have ended 8 price adjustments, of which as many as 5 oil prices have risen, and the cumulative increase in gasoline during the year has expanded to 875 yuan/ton, and the increase in the year has reached about 0.7 yuan/liter, and at 0:00 on April 17, No. 92 gasoline at gas stations around the country has generally risen by 0.16 yuan/liter!
It is reported that according to the oil price adjustment mechanism, the next oil price will be adjusted at 24 o'clock on April 30! As the level of U.S. crude oil inventories rose sharply to 430 million barrels in the week of April 12, and although the geopolitical tensions in the Middle East continued, Iran and Israel did not further escalate the action, international crude oil prices rose and fell, on April 17, WTI and Brent crude oil both fell by about 3%, in the overnight market, on April 18, the U.S. oil price was 82.73 US dollars/ barrels, cloth oil is quoted at $87.11 / barrel!
Affected by the weak international oil price shock overnight, in the domestic market, the third working day after the end of this round of pricing cycle, the rate of change of crude oil was -1.72%, and the price of gasoline and diesel fell by 80 yuan/ton, which is equivalent to an increase of 92/95 gasoline is estimated to drop by 0.07 yuan/liter!
However, according to real-time data, on April 19, international oil prices soared!
As of 10:40 on April 19, WTI crude oil prices rose by $3.23 to $85.33 per barrel, an increase of 3.98%, and Brent crude oil soared by $3.4 to $90.51 per barrel, an increase of 3.95%!
International oil prices showed a "roller coaster" trend, this time oil prices rose sharply, mainly due to Israel's attack on Iranian targets, which undoubtedly made the situation in the Middle East cool down for a short time, and added another fire, which also intensified the rise of international risk aversion and intensified the surge in international oil prices!
Personally, I believe that due to the impact of sudden factors, the geopolitical tension may be further fermented, and the international crude oil market will still show a high and strong trend. And this will also completely erase the current round of pricing cycle, the existing decline in domestic oil prices, the next working day, the domestic crude oil rate of change or will be "from negative to positive", the 9th oil price adjustment in the year or will cash in on the downward trend, domestic gasoline and diesel prices are not lacking in the risk of "3 consecutive rises", the author will continue to pay attention to the changes in the international crude oil market, and make predictions for you in a timely manner!
Attached: On April 20, the price of No. 92 gasoline at gas stations in all provinces and cities across the country!
Pig market: Recently, the official release of the first quarter of pig production capacity data, among them, the sow herd fell to 39.92 million, down 500,000 from February, the sow herd continued, which also drove the market for the optimism of the pig price prospects, the main hog 2409/2411 contract price rose against the trend, however, the spot market is weak!
At present, by the north and south temperature rise, the market for fat pork consumption support weakened, the strength of the big fat to receive the goods deteriorated, the risk of the market pressure bar surged, under the influence of the inversion of the standard fertilizer price difference, the second breeding entry cautious, the lack of the breeding end of the fence price operation, the social pig source circulation increased, the group pig enterprises slaughtered more difficult, due to the slaughtering enterprises white goods are not smooth, the slaughtering enterprises take advantage of the situation to reduce the price of the mentality is strong, the pig price center of gravity downward adjustment!
However, due to some areas, the group of pig enterprises to resist the mentality of price reduction still exists, some scale pig enterprises have the operation of shrinking the volume and raising the price! It is expected that on April 20, pig prices will remain weak and stable, the price will fluctuate lower, and the average price of three-yuan lean meat outside the country will be about 14.92 yuan/kg, and the market will generally stabilize!
Attached: April 20 pig market around the world!