Gasoline: Market shipments weakened, trading atmosphere weakened

Gasoline: Market shipments weakened, trading atmosphere weakened

International crude oil closes

Gasoline price index

On February 2, China's 92 #gasoline price index was 8907.63, down 3.11, or 0.03%; China's 95 #gasoline price index was 9218.75, down 10.70, or 0.12%. Both the 92 #gasoline index and the 95 #gasoline index were lowered, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 311.12.

Gasoline Market Analysis:

Today, China's gasoline market began to weaken. Among them, the wholesale prices of main units fluctuated within a narrow range, with the adjustment range concentrated at 20-50 yuan/ton; the ex-factory prices of local refiners were lowered, and the quotations in some regions were stable, with the reduction range concentrated at 10-70 yuan/ton. At present, the transaction atmosphere in China's gasoline market has weakened. Pre-holiday stocking in the middle and lower reaches has basically ended. The shipment speed of refineries has slowed down. The transaction policy is relatively flexible, and the willingness to hold prices has weakened. Overall, the market trading atmosphere has weakened.

market outlook

In terms of international crude oil, the atmosphere of OPEC production cuts still exists, the impact of geopolitical events has weakened, and it is expected that there may be room for oil prices to rise next week. Near the end of the year, in terms of demand, pre-holiday stocking has basically ended. Low-temperature rain and snow weather has increased in most areas of China, and logistics and transportation obstacles have increased. Market transactions are expected to weaken next week. On the whole, China's gasoline market is expected to stabilize mainly in the short term.