I. price data

According to the price monitoring of the business agency, the price of gasoline and diesel fell slightly this week. The price of domestic gasoline was 6205 yuan / ton, 0.55% lower than that of last week; the price of domestic diesel was 6380 yuan / ton, 0.29% lower than that of last week.

II. Analysis of influencing factors

Product: this week, the international crude oil price fluctuates in a narrow range. On November 18, the domestic refined oil price adjustment is expected to increase, but the increase is only expected to be 60 yuan / ton. This week, the domestic refined oil market as a whole has a stable operation.

Industrial chain: this week, international crude oil prices fluctuated in a narrow range. Although OPEC countries are expected to continue to expand the scale of production reduction, U.S. crude oil inventory growth, production hit a record high, coupled with a slowdown in global economic growth. The international crude oil market still has no breakthrough direction, and the international crude oil price keeps stable operation.

Market: the stable price of international crude oil market cannot boost the domestic refined oil market. Moreover, the gasoline market has gradually entered the off-season of consumption, and there is no support from good news such as holidays. The gasoline market continues to perform flat. The diesel market continues to support diesel due to the phenomenon of construction, engineering, etc., so the overall delivery of diesel is better than gasoline. In addition, this week, the maintenance of refined oil units is less, the operating rate continues to rise, and the supply is more sufficient, which hinders the price rise of domestic refined oil market.

III. future forecast

Lu Xingjun, an analyst of refined oil products of business association, thinks that at present, the international crude oil market is dominated by volatile operation, and has not yet found a breakthrough direction. In November, the market demand for gasoline and diesel oil was flat, and the market price of refined oil is expected to fall steadily next week.