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Gasoline: The wait-and-see atmosphere among industry operators is gradually emerging, and the market transaction volume is limited

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January 30, 2024, 5:11 PM

Gasoline: The wait-and-see atmosphere among industry operators is gradually emerging, and the market transaction volume is limited

International crude oil closes

 

date

market

specifications

Closing (USD/barrel)

rise and fall

20240129

US

WTI

76.78

-1.23

20240129

British

Brent

82.4

-1.15

 

Gasoline price index

On January 30, China's 92 #gasoline price index was 887.86, up 4.73, or 0.05%; China's 95 #gasoline price index was 9194.41, up 2.56, or 0.03%. 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 306.55.

 

Gasoline Market Analysis:

Today, China's gasoline market began to weaken. Among them, the wholesale prices of main units fluctuated up and down, with the adjustment range concentrated at 30-50 yuan/ton; the ex-factory prices of local refiners were slightly lowered, with the reduction range concentrated at 10-50 yuan/ton. At present, the transaction atmosphere in China's gasoline market has weakened, pre-holiday stocking in the middle and lower reaches has come to an end, refinery shipments have slowed down, transaction policies are relatively flexible, and willingness to hold prices has weakened. Overall, a wait-and-see atmosphere among industry operators is gradually emerging, and the market transaction volume is limited.

Main wholesale price of gasoline on January 30 (yuan/ton)

areas

Gasoline model

Price 1.29

Price 1.30

rise and fall

in North China

92#

8550-9364

8500-9364

-50/0

95#

8750-9719

8700-9719

-50/0

South China

92#

8980-9650

8950-9680

-30/30

95#

9100-9950

9050-9980

-50/30

central China

92#

8800-9350

8800-9350

0/50

95#

8950-9650

8950-9650

0/50

East China

92#

8680-9100

8680-9100

0/0

95#

8900-9500

8900-9500

0/0

northwestern region

92#

8680-9765

8680-9765

0/0

95#

8880-10070

8880-10070

0/0

southwestern region

92#

8930-9350

8930-9350

0/0

95#

9130-9800

9130-9800

0/0

Northeast China

92#

8650-9000

8650-9000

0/0

95#

8730-9600

8730-9600

0/0

 

Ex-factory price of local gasoline refining on January 30 (yuan/ton)

areas

Gasoline model

Price 1.29

Price 1.30

rise and fall

Shandong area

92#

8360-8850

8360-8810

0/-40

95#

8510-9010

8510-8970

0/-40

in North China

92#

8500-8510

8480-8500

-20/-10

95#

8550-8610

8550-8580

0/-30

central China

92#

8670-8670

8670-8670

0/0

95#

8870-8870

8870-8870

0/0

East China

92#

8460-8620

8460-8590

0/-30

95#

8580-8730

8580-8700

0/-30

northwestern region

92#

8400-8600

8400-8600

0/0

95#

8550-8800

8550-8800

0/0

Northeast China

92#

8300-8430

8350-8430

50/0

95#

8500-8500

8550-8550

50/50

southwestern region

92#

8950-8950

8950-8950

0/0

95#

9100-9100

9100-9100

0/0

 

market outlook

There are many factors influencing international crude oil, and the market weighs in in many aspects. The international oil price remains volatile, and guidance on international crude oil is limited. Judging from the refined oil price adjustment mechanism, a new round of retail price limits is expected to increase, and the news is positive to boost the oil market. This week, the market is in the final stage of centralized stocking, but tomorrow there will be widespread persistent rain, snow and freezing weather in central and eastern China, and heavy snowstorms or heavy snowstorms will occur in many places; rain and snow weather will increase, and terminal digestion will be slow. Overall, it is expected that China's gasoline market will be dominated by weak consolidation in the short term.