Gasoline: Centralized stocking before the Spring Festival has not yet arrived, and the transaction atmosphere in the gasoline market is moderate

Gasoline: Centralized stocking before the Spring Festival has not yet arrived, and the transaction atmosphere in the gasoline market is moderate

International crude oil closes

Gasoline price index

On January 8, China's 92 #gasoline price index was 8830.63, up 7.18, or 0.08%; China's 95 #gasoline price index was 9138.43, up 7.91, or 0.09%. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 307.80.

Gasoline Market Analysis:

The main wholesale price of gasoline in China rose slightly today, with gasoline prices in Central China, East China, Southwest China and Northeast China rising by about 50 yuan/ton. Ex-factory prices of local refineries were mixed, with gasoline prices in Central China increasing by 20 yuan/ton. Gasoline prices in Shandong and North China have been lowered by 30-50 yuan/ton. Gasoline prices in other regions are relatively stable. At present, the transaction atmosphere in China's gasoline market is mild. There is just a need to purchase in the middle and lower reaches of the market. The demand for terminal stocking is increasing before the Spring Festival. Refineries are not willing to drop prices, but mainly support prices, and some of them are up.

market outlook

From the perspective of international crude oil, events in the Red Sea region continue to ferment, risks at the supply level increase, and U.S. crude oil production has not yet continued to grow; but Saudi Arabia lowered the selling price of crude oil sold to Asia in February, and the global economy is still relatively weak, which has a negative impact on international crude oil. A game of negative and positive factors in international crude oil. From the perspective of the Chinese market, the new round of refined oil price adjustments is currently expected to be stranded, but the price adjustment date is still far away and there is limited information guidance. Demand side The Spring Festival is approaching, and gasoline demand is expected to be optimistic. Moreover, the concentrated hoarding of goods before the festival has not yet arrived, and the market has a strong wait-and-see atmosphere, or wait for opportunities to purchase. Overall, China's gasoline market is expected to rise steadily in the short term.