Gasoline: Crude oil closed down overnight, and the market transaction atmosphere was moderate

Gasoline: Crude oil closed down overnight, and the market transaction atmosphere was moderate

International crude oil closes

Gasoline price index

On January 3, China's 92 #gasoline price index was 8765.82, down 14.10, or 0.16%; China's 95 #gasoline price index was 9073.74, down 19.94, or 0.22%. 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 307.93.

Gasoline Market Analysis:

Today, the main wholesale price of gasoline in China has fluctuated and fluctuated, with fluctuations ranging from 20 to 100 yuan/ton. Specifically, the up-and-down adjustment is made in North China, with the reduction mainly in South China, with a reduction of 50 yuan/ton. Gasoline prices in Central China and Southwest China have been partially increased by about 50 yuan/ton. The ex-factory price of local refineries has increased slightly, with gasoline prices in North China, East China and Southwest China increasing by 20-100 yuan/ton. The adjustment range of gasoline prices in Shandong is 20-30 yuan/ton. At present, the transaction atmosphere in China's gasoline market is moderate. After the holiday, there is just a need to purchase after the elimination of warehouses in the middle and lower reaches. Crude oil fell overnight. The enthusiasm of industry operators to enter the market has weakened. As the retail price limit is approaching, refineries have a good attitude to support prices.

market outlook

From the perspective of international crude oil, international crude oil closed down overnight, and the news was negative. At present, China's PMI data in December hit a four-month high, and economic data is improving. In addition, OPEC meetings may release good news, and positive factors will increase. In the future, we will pay more attention to changes in the crude oil side. Judging from the Chinese market, the retail price limit for refined oil products will be raised tonight, which is a positive guide. Demand side The Spring Festival is approaching, and gasoline demand is expected to be optimistic. Refinery performance pressure is small, and the mentality of supporting prices still exists. Overall, it is expected that there will still be upward expectations in China's gasoline market in the short term.