Gasoline Market Analysis

Gasoline price index:

On January 13, the domestic 92# gasoline price index was 9269.03, an increase of 560.75 or 6.44% from the previous working day; The domestic 95# gasoline price index was 9530.00, an increase of 546.64 or 6.09% from the previous working day. The 92# gasoline index and the 95# gasoline index were both raised, and the price difference between the 92# gasoline and 95# gasoline index was 260.97.

Gasoline market analysis:

Today, the main wholesale price of domestic gasoline rose widely, with a range of 150-1000 yuan/ton. The ex-factory price of local refining factories showed an upward trend, with a range of 140-1200 yuan/ton. International oil prices closed higher, the U.S. Treasury Department announced new sanctions against Russia, market concerns about increased supply risks, and severe cold weather in Europe and the United States continued to boost fuel consumption, international oil prices rose. At present, the domestic gasoline market transaction atmosphere is hot, and the cost side is supported by advantageous factors. About the terminal demand, before the Spring Festival, the middle and lower ends have continuous replenishment of gasoline, refineries are actively selling, and the quotation of refineries in the well-performed regions are witnessing a higher quotation.

Forecast for the future market

In the international crude oil market, the cost side news is constantly emerging. From the perspective of the domestic market, the Spring Festival continued to drive the market, and the terminal demand performed well. But oil prices continued to rise to a high level over the weekend, and the instability of the news may affect the wait-and-see mentality of the industry in the market. The new round of retail price adjustment is expected to rise sharply, which is good for the market. On the whole, it is expected that the domestic gasoline market price may increase in a stable and narrow range in the short term.