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China's wholesale-retail price spread of refined oil plunges

Beijing (JLC), September 25, 2020--China’s price spread between wholesale prices and retail prices for gasoline and diesel collapsed, as a result of slumps in international crude prices since September 4.

09-25-2020 18:12:57

Wholesale-retail price spread of gasoline, diesel mixed in December

Beijing (JLC), December 30, 2019--The wholesale-retail price spread of gasoline dropped in China through December, while that of diesel edged higher over the same period, JLC data shows.

12-30-2019 16:15:41

Refined product retail prices likely to be cut on Nov 30

Beijing (JLC), November 29, 2018--Refined product retail prices are likely to be cut by about CNY1,385/mt ($199.42/mt) within November, chiefly due to crude price drop and soft demand.

11-29-2018 10:59:15

Wholesale-retail price spread of refined products to remain low in Oct

Beijing (JLC), October 9, 2018--Wholesale-retail price spread of refined products might remain low in October, as retail prices are more likely to be raised, and wholesale prices are expected to grow as well.

10-09-2018 10:32:29

Refined oil retail prices to see the fifth consecutive rise

With international crude prices ranging bound at high levels, the refined oil retail prices in this pricing cycle are expected to see the fifth consecutive rise, and gasoline and diesel retail prices will rise further as expected in the short run.

05-21-2018 11:40:30

Refined oil retail prices drop on VAT cut

The VAT for refined oil will be cut to 16% from 17% as of May 1st, 2018. Accordingly, China will lower its gasoline and diesel retail ceiling prices by CNY75/mt and CNY65/mt respectively starting from May 1st, 2018.

05-02-2018 14:39:42

Refined oil retail price to rise undoubtedly

The adjustment window of refined oil retail price will open again on April 26. Up to now international oil prices have kept rising. Car owners will eye a third consecutive rise in gasoline retail prices, leading to higher travel costs during the May Day holiday.

04-25-2018 17:50:19

Refined oil retail price to hit the biggest increase in the year

In this round of pricing period, the international oil price rose by over 4%, attributed to increasingly severe risk aversion caused by the air attack on Syria by U.S. and Britain, OPEC’s serious production limitation, and declining stocks of crude and refined oil in U.S.

04-23-2018 17:30:17

Refined oil wholesale prices to firm post retail price uptick

The Chinese refined oil market is expected to strengthen in the wake of the retail price uplift.

03-29-2018 18:15:14

Refined oil retail prices to be lifted on March 28th

China’s top economic planner is expected to raise its fuel retail prices by CNY170-180/mt on March 28th, JLC estimated.

03-27-2018 18:21:15

Refined products retail price adjustment to be shelved again on December 14th

OPEC extended the production cut agreement to the end of 2018 as expected within this round of pricing cycle, boosting the international oil price to move up.

12-13-2017 10:14:05

Oil product retail prices likely to nudge downwards in December

On December 28th, the last adjustment time in the year, oil product retail prices are may be trimmed as weakness in international crude oil prices are seen to persist.

12-11-2017 15:22:19

Retail price adjustment might be shelved on Nov 30th

International crude price declined due to the continuous growth of US shale oil output. Later the price rebounded amid the shutdown of Keystone oil pipeline, US crude inventory decrease and the expectation that OPEC would deepen the output cut.

11-27-2017 11:03:31

Refined product market might be bearish after the largest upward retail price adjustment

Crude oil price fell after rising during this round of pricing period. In the previous period, Saudi Arabia and Russia declared their supports for extending output cut deal.

11-17-2017 17:51:45

Refined product retail prices would obtain the largest increases in 2017

International crude oil price rose noticeably recently as Saudi Arabia and Russia declared their supports for extending output cut deal and Saudi surrounding political events provided bullish news for the market.

11-10-2017 18:07:49

Gasoline & diesel retail price might rise amid range-bound crude market

International crude price rose slightly amid bullish news in the new round of pricing period. The crude oil price climbed amid bullish sentiments due to various factors.

10-26-2017 15:40:42

The retail price adjustment is expected to be shelved on Sep 1st

Crude oil market saw bearish news recently, as OPEC crude output in July recorded a new high in 2017, some OPEC members' output cut implementing rate slipped, and the meeting held by oil-producing countries failed to provide substantial support for the market.

08-30-2017 17:38:31

A retail price cut was forecast as CNY210-220/mt

The international crude futures price fell considering the output recovery of oil producers, the growing US drilling activities and the US dollars rebound. The expected retail price cut scope of domestic oil products enlarged.

06-22-2017 13:05:21

Terminal oil product spending dropped amid the price war after the retail price adjustment

According to National Development and Reform Commission (NDRC), on June 9th (24:00) the gasoline and diesel (standard products) prices were reduced by CNY180/mt and CNY175/mt

06-12-2017 17:14:25

Oil product retail price adjustment may be shelved in the first pricing cycle in June

Recently, China oil product market was in a strange development. According to the chart above, international crude oil kept increasing since mid-May, so all traders were waiting for the upward trend in the oil product market.

06-01-2017 14:28:07

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