Gasoline: Limited news guidance, the gasoline market is stabilizing

Gasoline: Limited news guidance, the gasoline market is stabilizing

International crude oil closes

Gasoline price index

On January 24, China's 92 #gasoline price index was 8800.83, up 0.65, or 0.01%; China's 95 #gasoline price index was 9115.34, down 0.05, a small decline. The price difference between 92 #gasoline and 95 #gasoline index is 314.51.

Gasoline Market Analysis:

Today, the main wholesale price of gasoline in China is relatively stable, with a slight adjustment in the region. The ex-factory prices of local refineries are rising steadily, with gasoline prices in Shandong and North China increasing, concentrated at 20-70 yuan/ton. Gasoline prices remained stable in other regions. At present, transactions in China's gasoline market are still good. As the Spring Festival approaches, the pre-holiday stocking atmosphere still exists, and the just-demand atmosphere has improved. The transaction policies of the main units are relatively flexible, and the quotations of local refineries have increased slightly. Overall, the gasoline market is operating relatively firmly.

market outlook

In terms of international crude oil, Libya oil fields returned to normal production levels on Tuesday. Coupled with other short-and-good games, oil prices did not change the situation of repeated seesaw. EIA inventory data will soon be released or bring new guidance. There is insufficient support on the cost side and limited guidance. The market pays more attention to demand expectations during the Spring Festival. The quotations of main units remain at a relatively stable level and adjustments are limited. There is a lack of positive factors on the demand side. Under expectations of stocking before the Spring Festival, China's gasoline market is still expected to rise. Overall, China's gasoline market is expected to be stable and volatile in the short term.