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.