Gasoline: International crude oil closed down, gasoline market trading turned weak

Gasoline: International crude oil closed down, gasoline market trading turned weak

International crude oil closes

Gasoline price index

On January 9, China's 92 #gasoline price index was 8812.35, down 18.28, or 0.21%; China's 95 #gasoline price index was 9123.42, down 15.00, or 0.16%. 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 311.08.

Gasoline Market Analysis:

Today, the main wholesale price of gasoline in China has been steadily lowered, with gasoline prices in North China, Central China, East China and Southwest China being lowered by 20-60 yuan/ton. Gasoline prices in the Northwest and Northeast regions are relatively stable. The overall ex-factory price of local refining fell slightly, with the reduction concentrated at 30-70 yuan/ton. At present, the transaction atmosphere in China's gasoline market has turned weaker. Crude oil closed down overnight. There is just a need to purchase while eliminating warehouses in the middle and lower reaches. Refinery shipments are slow, deals are preferential in areas with poor sales, and promotional policies are in place.

market outlook

From the perspective of international crude oil, Saudi Arabia significantly lowered the official sales price of crude oil, and crude oil closed down overnight. However, the euro zone's December economic sentiment index was raised more than expected, and international crude oil futures showed signs of rebound today. From the perspective of the Chinese market, the current gasoline demand performance is average, with small orders being sold, and small orders just requiring procurement. The market wait-and-see atmosphere is gradually emerging. On the whole, it is expected that China's gasoline market will mainly stabilize prices in the short term, and there will be room for downward exploration.