2022 has entered July, and the process of the second half of the year has begun. 2022 is a very extraordinary year. The changing international situation has put various countries' CPI index increases under tremendous pressure. It is essentially a problem of inflation .
In the past six months, the rapid rise in domestic oil prices has been the most profound experience of price increases for many car owners. The rising travel costs have made many "car owners" complain. Today is July 4th. What is the situation of domestic oil prices after the 12th round of price adjustments? What are the new changes in egg prices, pig prices, and grain prices?
1. Gasoline price limit on July 4
At 24:00 on the evening of June 28, the official website of the National Development and Reform Commission announced the domestic refined oil price adjustment announcement. Based on the changes in international crude oil prices during the last round of oil price adjustment cycles, domestic gasoline and diesel are respectively Reduce prices by 320 yuan/ton and 310 yuan/ton.
This is also the second drop in domestic refined oil prices this year. This oil price adjustment has also given many car owners good expectations that oil prices will return to reasonable levels.
Today is July 4th. What is the situation with domestic gasoline and diesel price limits?
Let’s first look at the price of No. 92 gasoline. After the price adjustment on June 28, the price of domestic No. 92 gasoline has stopped rising and has fallen back to the price range of 9 yuan/liter. Only the retail price of gas stations in Hainan Province is still there. Maintained at a high of 10.18 yuan/liter.
html No. 195 gasoline has now fully fallen back to the 9 yuan era, but the price in Hainan and Tibet still exceeded 10 yuan. . Except for Tibet, the price of No. 0 diesel has now all returned to the 8 yuan era.
So, is this round of oil price adjustment expected to rise or fall?
On July 3, Brent crude oil and US WTI crude oil futures prices increased by 1.44% and 1.71% respectively compared with the previous day. However, based on the change rate of international crude oil, it is expected that the domestic crude oil futures price on July 12 will increase by 1.44% and 1.71% respectively. The price of refined oil products will be reduced by 100 yuan/ton again. The current international oil prices have stopped falling and rebounded, which also means that the pressure to increase domestic refined oil prices on July 12 has further increased.
In addition to oil prices, what are the new changes in domestic egg prices, pig prices, and grain prices?
2. Changes in egg prices, pig prices, and grain prices
People depend on food, and changes in food prices have the most profound impact on residents. At present, the domestic egg price situation tends to be stable without much fluctuation. The price in Northeast China is maintained at 3.89-4 yuan, the price in Hebei is 3.89-4 yuan, and the price in Henan is 4.1-4.2 yuan.
At present, there is still an oversupply situation in the egg market. This also means that there is still a certain buffer space for egg prices.
Let’s look at the changes in pig prices . After experiencing a decline in June, , domestic pig prices have now started to rise. , the price of pigs in major regions across the country is shown in the following table:
Pig prices change in cycles. However, when the price of pigs rises to a certain height, it will naturally fall back. In the same way, when the price of pigs drops to near a bottom line, it will naturally rise again. At present, domestic pig prices have bottomed out, but there are no huge positive factors in the market that can cause pig prices to skyrocket as they did a few years ago, so consumers do not need to worry too much.
Let’s look at the changes in food prices. The rise in global food prices in 2022 is a major trend. The key lies in the impact of the continuing regional war. Since the end of May, the feed industry has started its fifth round of increases during the year. The prices of corn and soybean meal once reached a height of 3,400 yuan/ton and 4,350 yuan/ton.
At present, the market generally predicts that the price of wheat in July and August will still remain at a high level of 1.55-1.57 yuan.
So, among the rising prices of many products, which products should our country be most concerned about?
3. Price rises that cause alarm
The first is oil prices. With the continuous development of the industrialization process, my country's foreign exchange for imported oil has exceeded 300 billion U.S. dollars every year, and my country's external dependence on oil consumption has also exceeded 70%. Rising oil prices have a huge hindering effect on economic development. This has been well proven by the major blows caused by previous oil crises to the industries of Western countries.
The second is food prices. The internationally accepted red line for food self-sufficiency rate is 90%, but my country's food self-sufficiency rate has now fallen below this red line. For China, which has the largest population base in the world, food security is an untouchable taboo area.
Currently the United Nations has issued a warning that mankind will face the biggest food crisis since World War II ! Therefore, under such a severe background of the times, ensuring food security is an important national strategy.
Summary
After the 12th refined oil price adjustment, domestic oil prices have dropped significantly. Egg prices are currently stabilizing, while pig and grain prices are facing great challenges. In the coming period, how can stabilize the prices of domestic basic social retail products should attract the attention of the country and society.
What do you think of this drop in oil prices?
