International Oil Prices And Energy Price Reform Cpi Double Down The Time Has Co
Energy price reform, “thunder, little rain,” some some “Yu Dianer” or in the international crude oil prices at 140 dollars “were forced to” fall off. In the current volatility of energy prices started down, CPI rose at the same time lower the price of time before the reform, it seems that the people actually running out.
The reason why the international crude oil prices down is to push forward energy price reform when the time, well known due to our relatively low energy prices, oil prices or even upside down, the high losses of oil companies, price reform of energy prices while not only the core of But to rationalize the energy prices, the high in the CPI is the best decision-makers, “scratching” part.
The time has come, the international oil price since started to decline in late July, is currently only maintained at 110 ~ 120 U.S. dollars, CPI increase is down three consecutive months (July to 6.3%), although this time better than “80 dollars and 5 percent below “when the better, but always a chance.
Recent energy price reform should be considered in June when “they had to do.” In international oil prices bolted, close to 140 dollars a barrel level, the enormous financial subsidies to pressure the government determined to shot, the product price increased 17%, sales up 4.5% of the price.
After mid-July, with the stronger dollar, oil prices began to nosedive, now kept at 110 ~ 120 U.S. dollars per barrel, compared with the highest point fell more than 20%. There is no doubt that domestic energy prices to streamline the time.
Meanwhile, the macro trend is also expected in the regulation of rail travel. July CPI rose only 6.3% more than previous forecast of lower body, and formed the CPI increase for 3 months down the situation echelon, so that the evolution of the comprehensive structural inflation and inflation has been released. Experts predict that, CPI rise will continue the trend continued down.
Therefore, the energy price reform could start again in due course the focus of the market parties. Although international crude oil prices lower, and domestic oil inventories are adequate oil price adjustment will make less power, but energy price reform is certain to do, and is a systematic project, select the shock is relatively smaller number of opportunities are important.
“It is a relatively good opportunity to” interview, the National Development and Reform Commission, an energy expert to tell? “Look” Newsweek, “Although it looked impossible to sort out the price, but at least you can go further On the one hand upside down to reduce oil price pressure caused by subsidies; the other hand, lay the foundation for future integration. ”
The price adjustment will make the inflation pressure has improved longer follow the “back track” the fear, the State Information Center Zhu Baoliang, chief economist, said to the Articles, the short term, to adjust energy prices may put pressure on the inflationary situation, But if energy prices is a reasonable step by step towards the direction of rationalization, short-term inflationary pressure has been released, will be gradually alleviated. Price adjustment and inflation is not much contact, so it will not necessarily lead to a second round of inflationary pressures.
Galaxy Securities chief economist Zuo Xiaolei also called, “should seize the opportunity to reform the pricing mechanism for petrol and electricity.” She said of the timing, there is no absolute right time, the key to see the economy can bear, and China currently neighboring countries does not appear as vicious as double-digit inflation, “Therefore, we should grasp the opportunity to make adjustments in energy pricing mechanism.”
“Unless international oil prices fell to 80 U.S. dollars a barrel level, or our oil price is still inverted.” Zhu Baoliang, told reporters that international oil prices remain at current level of 110 U.S. dollars a barrel in the case of domestic refined oil prices international price remains around 2,000 yuan per ton gap. Also worth noting that experts interviewed generally agreed that the trend of international oil prices was not long, rising energy prices remain the main theme of the future, so drop in oil prices left the strategic adjustment of China’s macro time may not be too long.
The direction of China’s energy price reform in accordance with market rules and international practice, changes in energy prices long-term distortions of reality. Now in the price system from government control the transition to a market price system, rationalize the price, to avoid energy waste, and to heavy industrial situation is becoming green.
In fact, as early as 2005, China had formed a relatively comprehensive program of refined oil pricing mechanism, target is scheduled to be in the midst, but the mechanism is not really operational in reality, the current oil price is still in the market on the basis of uniform pricing by the government.
“The reason people think go far enough, on the one hand because the ‘one-stop’ the program does not meet our conditions, it can only be ‘gradual’ approach; on the other hand, also because the reform of energy pricing system to promote not only only the energy sector, but many aspects related to the interests of a package of measures to meet the need, therefore to implement more complex and difficult “interview, the Chinese Academy of Social Sciences, an expert told correspondents . Indeed, some experts advise, the current inflationary pressure is still the enemy of economic development, including oil prices, including price formation mechanism of change, be very careful.
China’s crude oil import dependence has now approaching 50 percent, “If the fall in oil prices in a limited channel can not be completed within a finished oil pricing mechanism reform, to change the current high energy consumption, high pollution growth, when international oil prices rise again, the Chinese the economy will face a more severe test. now’s your chance. If you miss, the problem over the long problems we encountered more and more, until the time had to adjust, the cost will be greater, “the NDRC Energy The respondents expert says.
National Development and Reform Commission deputy director, National Energy Secretary Zhang said recently, after the Olympic Games change in domestic oil prices will be based on the overall economic development of the situation and make adjustments to the energy situation at home and abroad. It is said that policy makers have a clear idea of the refined oil price reform. Some analysts believe that the reform will be more proactive in terms of price, change step by step, are forced to go the market and business conditions; reform will focus on the fundamental relationship between the total to rationalize the system.
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