< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Gasoline: Crude oil opened higher in intraday trading today, and gasoline prices fluctuated with the market

90,343
January 2, 2024, 5:28 PM

Gasoline: Crude oil opened higher in intraday trading today, and gasoline prices fluctuated with the market

International crude oil closes

 

date

market

specifications

Closing (USD/barrel)

rise and fall

20240101

US

WTI

-

-

20240101

British

Brent

-

-

Note: Due to the global New Year holiday, the international crude oil market is closed for one day and there is no settlement price

 

Gasoline price index

On January 2, China's 92 #gasoline price index was 8779.92, down 6.13, or 0.07%; China's 95 #gasoline price index was 9093.69, down 8.78, or 0.10%. Both the 92 #gasoline index and the 95 #gasoline index were lowered, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 313.77.

 

Gasoline Market Analysis:

Today, the main wholesale prices of gasoline in China are mostly sorted out in the region. However, the low-end gasoline prices in Northeast China and the high-end gasoline prices in East China have been increased by 80-100 yuan/ton; the low-end gasoline prices in Southwest China have been lowered by 50 yuan/ton. The ex-factory prices of local refineries have fluctuated and fluctuated, with gasoline prices in North China and Central China increasing by 50-80 yuan/ton. Gasoline prices in East China have been lowered by 30 yuan/ton. The low-end price of gasoline in Shandong has been raised by 70 yuan/ton. High-end prices will be lowered by 30 yuan/ton. At present, the transaction atmosphere in China's gasoline market is mild. After the holiday, there is just a need to purchase after the elimination of warehouses in the middle and lower reaches. The main units have increased preferential policies for large volumes at the beginning of the year, and the shipment situation is better; crude oil opened higher in intraday trading today, and independent refineries 'prices are relatively stable.

Main wholesale price of gasoline on January 2 (yuan/ton)

areas

Gasoline model

Price 12.29

Price 1.2

rise and fall

in North China

92#

8430-9600

8430-9600

0/0

95#

8630-9900

8630-9900

0/0

South China

92#

8700-9450

8700-9450

0/0

95#

8900-9750

8900-9750

0/0

central China

92#

8650-9050

8650-9050

0/0

95#

8850-9350

8850-9350

0/0

East China

92#

8500-8890

8500-8990

0/100

95#

8570-9100

8570-9200

0/100

northwestern region

92#

8550-9600

8550-9600

0/0

95#

8750-9860

8750-9860

0/0

southwestern region

92#

8850-9200

8800-9200

-50/0

95#

9050-9650

9000-9650

-50/0

Northeast China

92#

8400-8950

8480-8950

80/0

95#

8650-9600

8650-9600

0/0

 

Ex-factory price of local gasoline refining on January 2 (yuan/ton)

areas

Gasoline model

Price 12.29

Price 1.2

rise and fall

Shandong area

92#

8230-8650

8300-8620

70/-30

95#

8330-8810

8400-8780

70/-30

in North China

92#

8340-8400

8420-8450

80/50

95#

8440-8450

8500-8520

50/70

central China

92#

8700-8700

8750-8750

50/50

95#

8900-8900

8950-8950

50/50

East China

92#

8300-8570

8300-8540

0/-30

95#

8420-8700

8420-8670

0/-30

northwestern region

92#

8250-8650

8250-8650

0/0

95#

8500-8850

8500-8850

0/0

Northeast China

92#

8300-8380

8300-8380

0/0

95#

8500-8500

8500-8500

0/0

southwestern region

92#

8800-8800

8800-8800

0/0

95#

8950-8950

8950-8950

0/0

 

market outlook

From the perspective of international crude oil, the international crude oil market is closed overnight and there is no settlement price. At present, geopolitical tensions continue to attract undiminished attention. Coupled with the increase in production in some industrial countries, the market supply side is relatively loose. In the future, we will pay more attention to changes in the crude oil side. From the perspective of the Chinese market, there is a need for replenishment operations in the market after the holiday, and the demand for gasoline is still supported. In addition, a new round of retail price increases is about to begin, and the news is good for guidance. At the same time, the main units are highly willing to bid. Overall, it is expected that there will be upward expectations in the Chinese gasoline market in the short term.