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Chinese oil prices to bring new opportunities for the logistics industry

  • Author:Tangjun
  • Release Date:2014-09-02

  China's National Development and Reform Commission issued September 1 2014 notification seventh down oil prices.

    National Development and Reform Commission said that since September 2, 2014, Chinese gasoline and diesel prices were reduced by 105 yuan per ton (RMB) and 100 yuan, estimates the retail price of 90 # gasoline and 0 # diesel oil (the national average) per l were reduced by 0.08 yuan and 0.09 yuan.

    Since the end of July, China's refined oil prices have been cut three times in succession. September autumn, factories, infrastructure operating rates rise, coastal fishing moratorium ended mainland logistics transportation will usher season. At this point after another cut in oil prices, is expected to makeLogistics"Icing on the cake."

    China's official oil prices were last revised in August 19, 2014, when the Chinese gasoline and diesel prices were reduced by 190 yuan per ton and 185 yuan. Count this time, China's refined oil prices in 2014 has experienced "seven or four up" a total of eleven adjustment.

    National Development and Reform Commission, said the oil price adjustment is in accordance with the current oil price formation mechanism, based on the average price change 10 days international oil situation Sept. 1 calculation determined.

    Since late August, affected by weak global demand for refined products and other factors, the international oil market volatility down, before the 10 days average price declined.

  Traditional oil market peak demand summer coming to an end, the market demand will weaken, abundant supply will continue to constitute a pressure on crude oil prices. However, the recent good news for the crude oil market is beginning to pick. The possibility of the new cycle of large international oil prices higher volatility. Therefore, the next round of gasoline and diesel prices climb back up the probability of a larger

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