May 10, the domestic refined oil market experienced during the

May 10, the domestic refined oil market experienced during the year the first price reduction. While gasoline is 330 yuan per ton reduction makes the downstream industry to follow the trend of downward adjustment in prices, but this time the oil prices down, or will be the industry's long-awaited new oil pricing mechanism introduced to pave the way. Manuscript co-ordinate Zhu Xu male Luo Wenjing

New York oil price fell to $ 90

U.S. crude oil inventories to the highest in 22 years, turmoil in the euro area, as well as the upbeat news coming from Iran to put pressure on international oil prices, crude oil prices continued to fell. In fact, since May, the international oil price continues weak run, statistics show that in the last week of a few trading days, New York, crude oil is down $ 9, or more than 8%; Brent crude is down $ 7 cumulative decline of over 6%.

As of closing on the 25th of this month, the New York Mercantile Exchange, light sweet crude for July delivery rose 20 cents to close at $ 90.86 a barrel, or 0.22 percent. But look at the whole week, New York oil prices are still down 62 cents, 0.70 percent weekly decline, the fourth consecutive weekly decline. North Sea Brent crude for July delivery rose 28 cents to close at $ 106.83 a barrel, or 0.26 percent the week down 31 cents, but also for the fourth consecutive weekly decline.

Sustained international oil prices tumbled under the influence of the three crude weighted average rate of change once again fell below 4 percent. According to the related site monitoring data, as of the 24th of this month, the weighted average price of Brent, Dubai and Cinta crude oil continuously moving rate of change has reached -4.15%.

In this context, the refined oil prices again this year down the voice sounded again. Expected, according to the Zhongyu information analyst Wang Jintao, June 9 will meet the 22 working days of the price adjustment conditions, due June 9 to coincide with the weekend, the state may advance to June 8 or pushed to June 11 announced The price adjustment message. Downward adjustment expected this week, domestic gasoline and diesel market will continue to downlink the main. At the same time, the current crude oil price estimates, the current round of price adjustment downward reference range of 350 yuan / ton.

Opportunity to launch a new mechanism or

In the domestic refined oil prices experienced during the year, the first cut, and again came when the price cut, industry analysts generally point out that if the domestic refined oil prices twice in a row down, the new refined oil pricing mechanism is expected to immediately launch is expected to possibly in June. "In this context, the introduction of new pricing mechanism, a relatively high market acceptance. The one hand, inflation is under control, the domestic inflation index is not high. The refined oil market is now in an off-season to the transitional stage of the season, a more balanced supply and demand, followed by international oil prices in a down cycle. "Zhuochuang information analyst pointed out.

Recently, revealed the drawbacks of the current refined oil pricing mechanism in the industry talking about, but because of the strong trend of international crude oil market, the current refined oil pricing mechanism, repeatedly missed reform opportunities. However, when the era of high oil prices, the refined oil pricing mechanism reform has once again become the focus of the industry. University, Dr. Guo Fang interview had said that the current low oil price era has ended, high oil prices will be the mainstream. China's refined oil products with international standards, mainly institutional reforms, from government pricing changes in market regulation. Crude oil and international standards, refined oil products have to keep up with, the reform should be up and down the reform of integration of industrial chain. The new refined oil pricing mechanism, the price adjustment period should be shortened, improved price adjustment mode of operation, improve the transparency of the mechanism to run.

According to the NDRC to industry sources, the new pricing mechanism is divided into four discussion groups, each group submitted a program, the NDRC will eventually not sure which set. Regardless of the choice of which set of programs will reduce the price adjustment time, increase the price adjustment frequency.

In addition, the downlink new situation for the current international oil prices, some experts said that market-oriented reforms of China's refined oil pricing mechanism should be both inside and outside, it is necessary to consider the linkage with the international oil prices, but also taking into account the changes in the domestic oil supply and demand. Recently, the influx of private stations and joint venture gas stations off the markdowns, which reflects the direction of the reform of China's oil market. China should further encourage private and foreign participation in China's refined oil market, China's oil market players are more diverse, more fully competitive, the market is more just, open and transparent.

Experts suggest that

Reform of the pricing mechanism from the four aspects

Then expected to choose the launch of the new refined oil pricing mechanism will be to make adjustments in what areas Zhou Xiujie, Investment Advisor in the energy industry researcher, said: "The fundamental goal of the refined oil pricing mechanism is realized oil price in the market, therefore, should start from the point of view of promoting market-oriented." China's refined oil pricing mechanism is not yet market-oriented, but the rapid market-oriented does not conform to the actual situation of China's oil market. Present, the refined oil pricing mechanism should take every step of the way, and gradually move closer Sony Parts Replacement to the market.

After the implementation of the new pricing mechanism is expected to bring the two aspects of change. First, more frequent oil changes, and the fluctuation of international oil prices gradually close; Second, the pricing gradually increase, independent pricing space will be further expanded. "said Zhou Xiujie, the new pricing mechanism First, to consider reducing the price adjustment appropriate to shorten the cycle, the current 22 days; yes, can reduce the change in margin requirements, the Apple Keyboard 4% margin requirements should be modest downward; is to perfect the oil price reference system, to make it more in line with the magnitude of China's imports of crude oil and international oil prices change; four, moderate decentralization of refined oil pricing, and to lay a certain foundation for the oil market-oriented.

At the same time, industry sources, the mode of operation of the new pricing mechanism, is likely to choose a neutral body to measure to adjust the price, the enterprise as a guide price on their own price adjustment.

Edition author Hong Kong Daily News reporter Yuan Bing