Industry Dynamics

Refined oil price adjustment implementation, C9 markets wait-and-see stay tuned

　　Dollar tumbled on Thursday, at the same time it is reported that the UK's largest oilfield closed again, the United States has a large refinery to resume production, fears of shortages on both sides of the Atlantic, the rise in crude oil of Europe and America. This morning at 8 o 'clock the WTI (July 2013) to $94.73 a barrel.
　　Yesterday to adjust the window open, the main market as a whole held steady. Development and reform commission (NDRC) announced price cuts, gasoline by 95 yuan/ton, and diesel by 90 yuan/ton, with refined oil price adjustment in place, the oil price has dropped to a low, expected later in fuel prices is given priority to with stability.
　　Long the prediction: refined oil pricing in place, petrol and diesel fell less than 100 yuan, its lowest level in nearly 10 years since the fall. Along with the pricing and product market smooth again.
　　Refined oil reduce small, temporarily not give C9 market brings new trends. But this week we learned from north China main that C9 shipment is good, but the C9 users generally said C9 downstream products in north China market downturn, production and sales are not ideal, of C9 high raw material prices resistance is common, so to some extent also caused certain pressure to north China main, but for the moment, north China C9 price before the Dragon Boat Festival holiday is expected to stabilize, if afternoon will adjust after the Dragon Boat Festival.
　　Places such as east China market is not too ideal, nanjing and Shanghai area dealers, said at the beginning of C9 prices after the actual shipment is declined last month, the downstream user receiving positive trivial, clinch a deal the profit space is narrow, the market overall performance than in north China.
　　Long the petrochemical Gao Zheng think, sinopec around C9 price before the Dragon Boat Festival is expected to maintain steady, don't rule out the possibility of individual regions manufacturers have minor adjustment.