Gasoline: The market is declining continuously, and refineries have few shipments

Gasoline: The market is declining continuously, and refineries have few shipments

International crude oil closes

Gasoline price index

On February 21, China's 92 #gasoline price index was 8929.00, down 1.11, or 0.01%; China's 95 #gasoline price index was 9232.10, down 3.28, or 0.04%. 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 303.10.

Gasoline Market Analysis:

Today, China's gasoline market has continued to decline. Among them, wholesale prices of main units are stable and weak, and gasoline prices in North, South and Southwest regions have been lowered by 20-100 yuan/ton. The ex-factory prices of local refineries fell mainly, with gasoline prices in Shandong, North China, Central China and East China falling by 40-100 yuan/ton. At present, transactions in China's gasoline market are light. After the Spring Festival, the replenishment of the gasoline market fell less than expected. International crude oil closed down and the current increase in rainy and snowy weather in most parts of the north has blocked transactions in the gasoline market and few refinery shipments have been made.

market outlook

The positive and negative game still exists in terms of international crude oil. Currently, there are no guiding factors affecting it. Narrow-range fluctuations are dominant, and international oil price guidance is relatively weak. The market's post-holiday replenishment efforts fell short of expectations, and demand performance was flat. In addition, the pressure on refineries is gradually increasing in the middle and late months, the mentality of supporting prices is weakening, and the refinery has been unable to deliver goods continuously for many days. Combined with rainy and snowy weather in many places, the performance of gasoline demand has worsened. Overall, the negative atmosphere in the gasoline market is surrounding, and China's gasoline market prices are expected to continue to decline in the short term.