Suzhou Runsheng Fuel Co., Ltd
Contact: Mr. Wang
Address: Wuzhong District, Suzhou City, 198 North Road, Hong Kong
According to Treasure Island monitoring of refined oil import and export arbitrage data show: October 8 -10 30 period, the domestic gasoline and diesel prices slightly down, but the overall price at a relatively high, October 21, ushered in the retail price increase, Although the range is small, there is still some boost to the overall market, the region more than the main unit price to maintain strong. As the downstream inventory at a high level, combined with the rate of change to a negative, the operator into the market operation reduction, the main unit shipping pressure increased, prices began to slightly lower late. The Singapore oil prices with a narrow range of crude oil movements, and gasoline and diesel spreads widened, the overall arbitrage situation improved slightly.
Specific data analysis
Import: the South China market, for example, October 8 -10 30 period, Wujiang Diesel in South China Singapore gasoline import profit average of 424 yuan / ton; up 245 yuan / ton, the average diesel fuel imports 548 Yuan / ton, up from the previous month 212 yuan / ton. This month, the Singapore gasoline and diesel imports arbitrage continue to rise, the overall profitability continue to improve.
Analysis of the reasons: eleven holiday return, some of the industry have replenishment needs, coupled with the rate of change to positive development, the market mentality has some support, the main unit in southern China gasoline and diesel quotes to maintain high. But the Singapore oil price movements with crude oil shocks decline, widening the gap with the domestic oil prices, both arbitrage continue to increase. 21, a slight increase in retail prices, the new round of a substantial negative rate of change widened, coupled with weak end-demand, downstream inventory consumption is slow, the operator reduced market operations, the main unit sales pressure, prices fell sharply, and Singapore Gasoline and diesel prices also shock downstream, the import arbitrage continued high, despite a slight reduction in profitability at the end, the overall profit significantly improved over the previous month.
Exports: the South China market, for example, October 8 -10 30 period, the domestic gasoline export profit average -608 yuan / ton, down 307 yuan / ton, the average export profit of diesel -376 yuan / Ton, down 320 yuan / ton, the domestic gasoline and diesel export arbitrage fell sharply, the loss further aggravated the situation. The reason is: the end of September, the retail price cut window failed to open, into this month, the main unit refinery gasoline and diesel prices remain high, while the Singapore oil prices with low crude oil shocks, reduced domestic gasoline and diesel export arbitrage. October 20, the retail price increase cash, gasoline and diesel are up 50 yuan / ton, the domestic main unit refinery prices homeopathic increase. The Singapore oil prices are still in shock down the track, the domestic gasoline and diesel export profits continue to shrink, including the largest loss of gasoline exports to 791 yuan / ton.
The short term, the international crude oil to maintain low volatility, the rate of change rate or continue to narrow, a new round of price adjustment variables larger, limited support for the latter part of the market, but a small number of countries in the eastern part of the five gasoline and diesel replacement work started, slightly tight supply of resources, Coupled with some of the main unit sales tasks completed earlier this year, reluctant sellers increased psychological, the price linked to high, so the domestic gasoline and diesel prices will remain high. While the Singapore gasoline and diesel prices will be a slight concussion with crude oil, a short time is difficult to sharply higher, on the whole, the recent Singapore gasoline and diesel imports arbitrage or continue to improve.