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Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

author:Fei Fei Wenwen

At the moment of oil price fluctuations and pig price fluctuations, the majority of car owners and farmers are undoubtedly paying close attention to every subtle change in the market. Recently, the news of oil prices "falling upside down" has become the focus of heated discussions, and pig prices have also ushered in a new adjustment after a short period of rise. So, how will these changes affect our lives? Let's go into this uncertain market and explore the mysteries.

In the context of the heavy blow to international oil prices, domestic oil prices have also ushered in a long-lost decline. According to the latest data, U.S. oil quotations have fallen below $78 per barrel, and Brent crude oil has also fallen to $82.78 per barrel, a staggering 6.99%. This news has undoubtedly made the majority of car owners cheer, after all, the fall in oil prices means a reduction in the cost of travel, which is undoubtedly good news for those who often need to travel by car.

Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

In the domestic market, although the 10th oil price adjustment of the year is still in the early stage due to the May Day holiday, the rate of change of crude oil has shown a significant downward trend. At present, the rate of change of crude oil remains at -0.22%, which is equivalent to a decline of 15 yuan/ton in gasoline and diesel prices. However, with the continuous decline in international oil prices, this decline is expected to further expand. According to institutional analysis, if the current round of crude oil market continues to be weak, at 24 o'clock on May 15, the 10th oil price adjustment of the year is expected to usher in a sharp decline, and the decline may hit the largest single decline in the year.

This prediction undoubtedly gives hope to the majority of car owners. In an era of high oil prices, every drop in oil prices means a relief. The magnitude of the collapse in oil prices has made people look forward to the future trend of oil prices. Of course, the fall in oil prices will also have an impact on the oil industry, but in this highly competitive market, only companies that are constantly adapting to market changes can be invincible.

Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

Compared with the collapse in oil prices, the trend of pig prices is relatively complex. In the first half of the May Day holiday, affected by the increase in downstream pork purchase and sales demand, pig prices rose by trend, and the price center of gravity once soared to 15 yuan/kg. However, with the end of the festival and the change in market demand, pig prices have also ushered in a new adjustment.

At present, the rise in pig prices is obviously under pressure, and the market is stabilizing. On the one hand, after the festival came to an end, the demand for pork consumption gradually weakened, and the purchase and sales heat of the downstream market decreased; on the other hand, the breeding end resumed the rhythm of slaughter, and the pig enterprises in the north and south increased the slaughter, and the confidence of retail investors and the second breeding price weakened. Under the combined effect of these factors, the center of gravity of pig prices may move downward.

Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

This is undoubtedly a big challenge for farmers. They may be able to make a lot of money when pig prices are high, but how to maintain profitability when pig prices are falling has become an urgent problem. Therefore, farmers need to pay close attention to market dynamics and reasonably adjust the scale of breeding and slaughter plans to cope with the risks brought about by market changes.

Judging from the current market situation, the trend of oil prices and pig prices seems to show a certain divergent trend. Oil prices are expected to continue their downward trend after a round of plunge, while pig prices have ushered in a new correction after a brief rally. This trend of differentiation may have a certain impact on the relevant industry chain and consumers.

Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

For the industrial chain, the decline in oil prices will help reduce production costs and improve profitability, while the adjustment of pig prices may have a certain impact on farmers and slaughterhouses. Therefore, relevant enterprises need to pay close attention to market dynamics and price changes, and adjust their business strategies in a timely manner to cope with the challenges brought about by market changes.

For consumers, lower oil prices will mean lower travel costs, while an adjustment in pig prices may affect the supply and price of pork. Therefore, consumers also need to pay attention to market dynamics and price changes, and arrange their consumption plans reasonably to cope with the impact of market changes.

Oil prices plummeted! After the price adjustment on May 5, gasoline and pig prices were both updated

In conclusion, in the context of changing oil prices and pig prices, we need to maintain the ability to think rationally and analyze objectively. Only by having an in-depth understanding of market dynamics and the laws of price changes can we better respond to the challenges and opportunities brought about by market changes.