Product Prices Rise Or Fall, Playing Digital Game &Nbsp; Base And Exchange Rate As Factors.

The current pricing mechanism of refined oil is conducive to straightening out the price of domestic refined oil and giving play to the enthusiasm of oil refining enterprises. However, this mechanism has also caused many controversies in the implementation process, such as how to calculate the cost of refinery. Transparent mechanism Sparking speculation.

Stock investors know that the price of a stock is at a price. Limit board Then I'll have another one. Limit down The price is not going back to the original starting point. For example, if a stock is priced at 100 yuan, a price limit will reach 110 yuan after a trading limit, and another price limit will be 99 yuan. This is mainly due to the difference in cardinal numbers. In fact, the stock price will drop to 9% when it falls to 100 yuan.

At present, the core of the pricing mechanism of refined oil is that the price of domestic refined oil can be adjusted correspondingly when the average price of the crude oil moves more than 4% in 22 consecutive working days. Assuming that the current international crude oil price is 100 US dollars / barrel, when the crude oil price rises 4 US dollars to 104 US dollars, the increase will be 4%, triggering the oil price adjustment window, when the oil price should be raised. However, when the international crude oil price dropped from 104 US dollars / barrel to the starting point of 100 US dollars / barrel, at that time, the oil price did not need to be lowered because the base changed into 104 US dollars, or only 3.84%. Therefore, although crude oil prices are back to the starting point, the price of refined oil will not return. Theoretically speaking, every time such a fluctuation cycle occurs, the price of refined oil may rise once again, so that the price of domestic refined oil will rise more or less than the price of international crude oil.

Hidden in " Digital magic cube Behind it is the impact of exchange rate changes on crude oil prices. Generally speaking, if the US dollar depreciates, all commodity prices priced in US dollars will rise, even if the value of these commodities has not changed. And because of the appreciation of the renminbi relative to the US dollar, the price of these commodities will not change relative to the renminbi.

You can also use numbers to speak. Suppose that the exchange rate of US dollar to RMB is 100:640, crude oil price is 100 US dollars / barrel, that is, RMB 640 yuan / barrel. If the US dollar depreciates by 5% relative to the renminbi, the crude oil price will rise to US $105 / barrel without any other influence factors. As the depreciation of the US dollar and appreciation of the RMB, it will take us $105 to convert 640 yuan, that is to say, the crude oil price is still RMB 640 yuan / barrel, and nothing has changed. And domestic consumers are using renminbi to buy gasoline.

It is understood that the new oil pricing mechanism adjustment plan may shorten the price adjustment time limit of 22 working days to 10 working days or 14 working days. If the new pricing mechanism is only on the shortening of the time limit, it is difficult to achieve the good intentions of the domestic product oil prices in line with the international crude oil market by shortening the price adjustment cycle.

Refined oil needs a spanparent and reasonable product. pricing mechanism Let the general public understand the corresponding relationship between international crude oil prices and domestic refined oil prices, and understand why oil prices rise, why they fall and how big they should be. In the long run, the price of refined oil will eventually be liberalized and formed by market competition, which requires further improvement of the pricing mechanism and the promotion of refined oil. circulation The reform of system will foster the market structure of diversified competitive subjects.