Gasoline: Cost support strengthens, gasoline market trading improves

Gasoline: Cost support strengthens, gasoline market trading improves

International crude oil closes

Gasoline price index

On January 23, China's 92 #gasoline price index was 8800.18, up 0.56, or 0.01%; China's 95 #gasoline price index was 9115.39, up 0.98, or 0.01%. 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 315.21.

Gasoline Market Analysis:

Today, the main wholesale prices of gasoline in China are mainly consolidated within the region. Gasoline prices in South China and Central China have been raised by 20-50 yuan/ton, and low-end gasoline prices in Northwest China have been lowered by 50-100 yuan tons. The ex-factory prices of local refineries were stable and strong, with gasoline prices in Shandong, North China and East China increasing slightly, concentrated at 20-40 yuan/ton. Gasoline prices in Central China, Northeast China and Northwest China are stable. However, gasoline prices in the northwest region dropped significantly. At present, transactions in China's gasoline market have warmed up. Crude oil closed down overnight. Coupled with the approaching Spring Festival, the atmosphere of stocking before the holiday still exists. The main unit adjusts the quotation and transaction policy flexibly according to its own conditions; the quotation of independent refineries is relatively firm. Refiners in some areas with poor sales lowered their quotations to stimulate shipments.

market outlook

In terms of international crude oil, the instability in the Middle East continues, and the rebound in the U.S. stock market has brought good news guidance. Crude oil rose intraday today and is expected to rise in the short term or shocks. The cost side has increased, but sales pressure may increase in the middle and late months, but the refinery's attitude of supporting prices is okay. At present, the enthusiasm for picking goods in the middle and lower reaches has increased, and with the expectation of stocking before the Spring Festival, China's gasoline market is still expected to rise. Overall, China's gasoline market is expected to rise steadily in the short term.