Gasoline: Crude oil closed up well, and gasoline market prices rose

Gasoline: Crude oil closed up well, and gasoline market prices rose

International crude oil closes

Gasoline price index

On February 18, China's 92 #gasoline price index was 8954.51, up 46.77, or 0.53%. China's 95 #gasoline price index was 9268.99, up 57.68, or 0.63%. 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 314.48.

Gasoline Market Analysis:

China's gasoline market is on the rise today, with the wholesale price of main units increasing by 100-150 yuan/ton. The overall ex-factory price of local refining increased by 100-200 yuan/ton. At present, the trading atmosphere in China's gasoline market is picking up. During the Spring Festival holiday, traffic volume is better and gasoline demand is increasing. In addition, international crude oil closed up during the holiday period and replenishment in the middle and lower reaches after the holiday, refinery production and sales data have improved significantly, and refineries have increased their willingness to support prices.

market outlook

Geopolitical tensions in international crude oil are still continuing, but the benefits are gradually being exhausted. On the demand side, U.S. crude oil demand is performing poorly, and commercial crude oil inventories may be accumulated. It is expected that the international crude oil market will have insufficient upward momentum in the short term. After returning from the holiday, there are certain replenishment operations in the market. In addition, the holiday has ended, and the market has resumed work and production. Judging from the refined oil price adjustment mechanism, this adjustment of the retail price limit for refined oil products may be stranded and the guidance is limited. Overall, China's gasoline market is expected to stabilize in the short term.