International crude oil futures price trend
09 January 2023The market continued to be worried about the prospects of global oil demand, and international oil prices fell significantly on the 4th. By the end of the day, the price of light crude oil futures for February 2023 delivery on the New York Mercantile Exchange had fallen 4.09 dollars to close at 72.84 dollars per barrel, a decline of 5.32%. The price of London Brent crude oil futures delivered in March 2023 fell by 4.26 dollars to close at 77.84 dollars per barrel, a decrease of 5.19%.
Product oil:
The wholesale prices of China's gasoline and diesel showed that the wholesale prices of China's gasoline and diesel rose on January 4th. The average wholesale price of 92 # gasoline nationwide was $1205/ton, up $14.8/ton from the previous day; The average wholesale price of diesel (including low freezing point) was $1147/ton, up $4.7/ton from the previous day. The overall situation of the market on that day showed that the international oil price fell significantly on the 3rd, but the highest retail price of domestic refined oil was raised. The main business unit raised the prices of gasoline and diesel, of which gasoline rose significantly, while diesel rose only a little due to weak demand. The operators just need to stock up when entering the market, and the market trading atmosphere is flat.Coal:
In terms of origin, the number of coal hauling vehicles in some coal mines in Yulin, Shaanxi has increased, and the price has increased by 10-20 RMB/ton. In Ordos, Inner Mongolia (15.750, 0.21, 1.35%), the supply and demand are weak, and the coal price is slightly adjusted. In terms of ports, the enthusiasm for terminal procurement is still weak, and traders have little room for further concessions. On January 5th, the coal inventory of Qinhuangdao Port was 5.62 million tons, an increase of 40000 tons over the previous day.
On the 4th, the China LNG comprehensive import CIF index jointly released by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center showed that from December 26th, 2022 to January 1th, 2023, the China LNG comprehensive import CIF index was 202.47, down 7.11% month on month and 5.02% year on year.
On the 4th, the China crude oil comprehensive import CIF index jointly released by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center showed that from December 26th, 2022 to January 1th, 2023, the China crude oil comprehensive import CIF index was 136.42, a month on month decrease of 4.98% and a year-on-year increase of 17.75%.
On the 4th, China's comprehensive CIF import price index of liquefied petroleum gas (LPG) released by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center showed that from December 26th, 2022 to January 1th, 2023, China's comprehensive CIF import price index of liquefied propane was 133.30, down 4.62% month on month and 7.93% year on year; China's comprehensive CIF import price index of liquefied butane was 133.00, down 1.83% month on month and 1.12% year on year.
As of December 31th, 2022, the 10th Oil Production Plant of PetroChina (4.980, 0.01, 0.20%) Changqing Oilfield Company Limited will produce 1,604,500 tons of crude oil in 2022, exceeding the plan by 9500 tons.