Gasoline: Oil prices in various regions have limited fluctuations, and market trading atmosphere is moderate
International crude oil closes
date |
market |
specifications |
Closing (USD/barrel) |
rise and fall |
20240109 |
US |
WTI |
72.24 |
1.47 |
20240109 |
British |
Brent |
77.59 |
1.47 |
Gasoline price index
On January 10, China's 92 #gasoline price index was 8808.17, down 4.18, or 0.05%; China's 95 #gasoline price index was 9119.21, down 4.21, or 0.05%. 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 311.04.
Gasoline Market Analysis:
Today, the main wholesale price of gasoline in China was mainly lowered in the region, while high-end gasoline prices in Southwest China fell slightly, down by 50 yuan/ton. The overall ex-factory prices of local refineries are relatively stable. Gasoline prices in Shandong fluctuate within a narrow range, and gasoline prices in some regions have increased. At present, transactions in China's gasoline market are light, and crude oil closed up overnight. However, basic purchases in China's middle and lower reaches have ended, with the main elimination of warehouses; market shipments are flat, and some main units still have transactions that are potentially beneficial. Overall, the market trading atmosphere is general and the wait-and-see atmosphere is strong.
Main wholesale price of gasoline on January 10 (yuan/ton) |
||||
areas |
Gasoline model |
Price 1.9 |
Price 1.10 |
rise and fall |
in North China |
92# |
8400-9600 |
8400-9600 |
0/0 |
95# |
8600-9900 |
8600-9900 |
0/0 |
|
South China |
92# |
8700-9550 |
8700-9550 |
0/0 |
95# |
8900-9850 |
8900-9850 |
0/0 |
|
central China |
92# |
8750-9150 |
8750-9150 |
0/0 |
95# |
8950-9450 |
8950-9450 |
0/0 |
|
East China |
92# |
8550-9100 |
8550-9100 |
0/0 |
95# |
8750-9500 |
8750-9500 |
0/0 |
|
northwestern region |
92# |
8550-9800 |
8550-9800 |
0/0 |
95# |
9000-10050 |
9000-10050 |
0/0 |
|
southwestern region |
92# |
8900-9250 |
8900-9200 |
0/-50 |
95# |
9100-9700 |
9100-9650 |
0/-50 |
|
Northeast China |
92# |
8580-9150 |
8580-9150 |
0/0 |
95# |
8730-9600 |
8730-9600 |
0/0 |
Ex-factory price of local gasoline refining on January 10 (yuan/ton) |
||||
areas |
Gasoline model |
Price 1.9 |
Price 1.10 |
rise and fall |
Shandong area |
92# |
8250-8700 |
8250-8700 |
0/0 |
95# |
8420-8900 |
8420-8900 |
0/0 |
|
in North China |
92# |
8440-8450 |
8440-8450 |
0/0 |
95# |
8490-8550 |
8490-8550 |
0/0 |
|
central China |
92# |
8820-8820 |
8820-8820 |
0/0 |
95# |
9020-9020 |
9020-9020 |
0/0 |
|
East China |
92# |
8370-8570 |
8370-8570 |
0/0 |
95# |
8490-8680 |
8490-8680 |
0/0 |
|
northwestern region |
92# |
8450-8800 |
8450-8800 |
0/0 |
95# |
8600-9000 |
8600-9000 |
0/0 |
|
Northeast China |
92# |
8380-8400 |
8380-8400 |
0/0 |
95# |
8600-8600 |
8600-8600 |
0/0 |
|
southwestern region |
92# |
8900-8900 |
8900-8900 |
0/0 |
95# |
9050-9050 |
9050-9050 |
0/0 |
market outlook
From the perspective of international crude oil, crude oil futures have fluctuated recently, repeatedly pulling and wavering. At present, API announced that crude oil inventories fell more than expected last week. Saudi Arabia has repeatedly emphasized its determination to reduce production, but there is still pressure to break through the upward trend. EIA crude oil inventory data will be released soon or bring new guidance. From the perspective of the Chinese market, the current demand for gasoline is average, and small orders are mainly purchased. However, the positive atmosphere during the Spring Festival still exists, and the market may wait for opportunities to purchase. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.