On January 2nd, the first round of price adjustment window for domestic refined oil products in 2025 will open at 24:00 on January 2nd. From the perspective of comprehensive institutions, there is a possibility of both price adjustment and suspension in this round. In the view of Liu Bingjuan, an analyst at Longzhong Information, narrow fluctuations in international crude oil prices are the main focus during this round of price adjustment cycle. As of December 30, 2024, the average reference crude oil price for the cycle was $72.42 per barrel, an increase of 1.07% compared to the previous cycle. As of the 9th working day, the corresponding increase in refined oil for this cycle is 50 yuan/ton, which happens to be near the price adjustment red line of 50 yuan/ton. There is a possibility of a slight increase or grounding in this round of price adjustment.
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