This week, the international crude oil price continued to rise slightly, and the domestic refined oil rose to the ground on the 3rd, and the market price followed the upward trend. According to the monitoring data of the business agency, the gasoline price on December 4 was 5466 yuan / ton, up 2.90% from the beginning of the week; on December 4, the price of diesel oil was 4784 yuan / ton, up 1.57% compared with the beginning of the week.

The United Kingdom announced the start of vaccination of the new crown vaccine, and the progress of the vaccine was good for international oil prices; the OPEC meeting was postponed, and the United Arab Emirates and other countries had different opinions on the postponement and reduction of production. The international crude oil market is intertwined with a small rise in international oil prices this week. WTI crude oil prices rose by 1.60% and Brent crude oil prices rose by 2.95%.

In terms of gasoline demand, the weather turns cold and the gasoline market demand is supported. In addition, the domestic refined oil price has been adjusted for two consecutive times, resulting in an increase in terminal demand. In terms of diesel demand, the domestic weather is getting colder, and outdoor diesel demand such as road engineering and infrastructure construction is gradually declining. The rush to work in southern China before the year is good for diesel demand, which has a certain support for the overall diesel market price.

As of November 20, the average start-up load of the daily decompression unit was about 74%, and the start-up load of the refinery remained at a high level, and the domestic refined oil supply was relatively sufficient.

Lu Xingjun, an oil product analyst at the business club, believes that: the international oil price has risen to a periodic high, and there is no enough action to continue. At the same time, the demand for refined oil market remains rigid. In the short term, the price of refined oil market is expected to decline steadily.