Ministry of Commerce Says Domestic Gasoline May Continue to Boost Japanese Earthquake as Inducement

The Ministry of Commerce’s market operations and adjustment department issued a forecast yesterday, saying that as the post-earthquake reconstruction in Japan will drive up the demand for international oil products and international crude oil prices will rise further, traders will increase their purchases of gasoline. It is expected that domestic gasoline prices may continue to rise slightly in the near future.

According to the monitoring of the Ministry of Commerce, the international crude oil price is operating at a high level and the purchase of domestic refined oil products has increased. Last week, the price of gasoline rose slightly, which was 0.5% higher than the previous week.

Other important means of production have risen. Such as steel enterprises to speed up production, adequate market supply, steel prices fell slightly, last week, domestic steel prices fell 0.4% over the previous week, small and medium-sized steel mills gradually cut steel prices, construction steel decline. The Ministry of Commerce's market operation and adjustment department expects the trend of steel prices to stabilize in the later period.

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