Beijing Commercial Daily reported on the 16th, “Whether or not CPI adopts old and new weights, since it is less than 5%, the oil price has an external condition of rising, and the price increase is a foregone conclusion,†said Liu Feng, chief oil analyst at Zhuo Creative Information. The CPI announced yesterday further raised the expectation of rising prices of domestic refined oil products. It is predicted that this price increase will be 350-400 RMB per ton.
Regarding the time for price adjustment, Liu Feng believes that the recent adjustment of domestic refined oil prices has almost become a certain number, but the upcoming national “two sessions†have become another price adjustment resistance after the Spring Festival. Before the general "two sessions" in the country, taking into account various factors, various types of prices are rarely adjusted precedent. Therefore, this time the price adjustment was either in the last one or two days, or it was once again placed after the “two sessions†in the country.
Regarding the time for price adjustment, Liu Feng believes that the recent adjustment of domestic refined oil prices has almost become a certain number, but the upcoming national “two sessions†have become another price adjustment resistance after the Spring Festival. Before the general "two sessions" in the country, taking into account various factors, various types of prices are rarely adjusted precedent. Therefore, this time the price adjustment was either in the last one or two days, or it was once again placed after the “two sessions†in the country.
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