Gasoline: International crude oil closed higher, and the gasoline market overall rose

Gasoline: International crude oil closed higher, and the gasoline market overall rose

International crude oil closes

Gasoline price index

On January 26, China's 92 #gasoline price index was 8845.38, up 36.11, or 0.41%; China's 95 #gasoline price index was 9155.36, up 28.94, or 0.32%. 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 309.98.

Gasoline Market Analysis:

Today, China's gasoline market has generally increased, with the wholesale price increase of main units in various regions concentrated at 30-100 yuan/ton; the ex-factory price of local refiners increased by 30-100 yuan/ton. At present, transactions in China's gasoline market are heating up. Crude oil has closed up for two consecutive days overnight. In addition, the Spring Festival is approaching and the Spring Festival is starting. The enthusiasm of middle and lower reaches traders to enter the market has increased, and pre-holiday stocking has begun one after another. Refinery shipments are accelerating, and most of them have a firm mentality.

market outlook

In terms of international crude oil, China has released economic stimulus policies, coupled with the strong performance of U.S. economic data, OPEC+ will hold a meeting next week with increased market attention. It is expected that international crude oil prices may have room to rise next week. At present, the gasoline market is showing signs of improvement. Coupled with the approaching Spring Festival, next week may enter the centralized stocking stage. The retail price limit for refined oil products is expected to be raised, and the news is good guidance. Overall, there are positive expectations for gasoline demand before the holiday, and China's gasoline market is expected to rise steadily in the short term.