March 14 Gasoline Market Analysis
International crude oil closes
date |
market |
specifications |
Closing (USD/barrel) |
rise and fall |
20240313 |
US |
WTI |
79.72 |
2.16 |
20240313 |
British |
Brent |
84.03 |
2.11 |
Gasoline price index
On March 14, China's 92 #gasoline price index was 8915.17, up 23.44, or 0.26%; China's 95 #gasoline price index was 9219.60, up 18.01, or 0.20%. 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 304.43.
Gasoline Market Analysis:
Today, the main wholesale prices of gasoline in China have increased mainly, and most of them are concentrated at high-end prices, with the overall increase of 50-100 yuan/ton; the ex-factory price of local refineries has increased by 30-100 yuan/ton. Gasoline prices in the Northeast and Southwest regions are relatively stable. Currently, China's gasoline market transactions have picked up. Crude oil closed up overnight. Procurement enthusiasm in the middle and lower reaches has increased. The overall market trading atmosphere is hot. Regions with better sales have increased willingness to bid, and prices have stabilized in some regions.
Main wholesale price of gasoline on March 14 (yuan/ton) |
||||
areas |
Gasoline model |
Price 3.13 |
Price 3.14 |
rise and fall |
in North China |
92# |
8420-9581 |
8860-9500 |
-50/50 |
95# |
8620-9942 |
8850-10074 |
-50/50 |
|
South China |
92# |
8800-9630 |
8850-9660 |
0/50 |
95# |
9000-9930 |
9150-9960 |
0/30 |
|
central China |
92# |
8750-9350 |
8950-9400 |
0/50 |
95# |
8900-9650 |
8950-9700 |
0/50 |
|
East China |
92# |
8650-9100 |
8750-9100 |
0/100 |
95# |
8850-9300 |
8860-9500 |
0/150 |
|
northwestern region |
92# |
8600-10109 |
8600-10109 |
0/0 |
95# |
8800-10878 |
8800-10878 |
0/0 |
|
southwestern region |
92# |
8830-10146 |
8950-10279 |
-50/100 |
95# |
9000-9950 |
9100-10878 |
0/100 |
|
Northeast China |
92# |
8520-8750 |
8480-8750 |
-20/100 |
95# |
8650-9600 |
8650-9600 |
0/0 |
Ex-factory price of local gasoline refining on March 14 (yuan/ton) |
||||
areas |
Gasoline model |
Price 3.13 |
Price 3.14 |
rise and fall |
Shandong area |
92# |
8350-8700 |
8370-8720 |
0/130 |
95# |
8440-8860 |
8530-8880 |
0/30 |
|
in North China |
92# |
8490-8500 |
8530-8540 |
30/50 |
95# |
8550-8560 |
8580-8610 |
30/30 |
|
central China |
92# |
8730-8730 |
8780-8780 |
50/50 |
95# |
8930-8930 |
8930-8930 |
0/0 |
|
East China |
92# |
8430-8600 |
8460-8630 |
30/30 |
95# |
8550-8710 |
8580-8740 |
30/30 |
|
northwestern region |
92# |
8400-8600 |
8550-8600 |
50/100 |
95# |
8550-8800 |
8650-8800 |
50/100 |
|
Northeast China |
92# |
8400-8550 |
8400-8550 |
0/0 |
95# |
8750-8750 |
8750-8750 |
0/0 |
|
southwestern region |
92# |
8900-8900 |
8900-8900 |
0/0 |
95# |
9050-9050 |
9050-9050 |
0/0 |
market outlook
The support of geopolitical events in international crude oil has increased, coupled with the decline in U.S. crude oil inventories and tight supply expectations, there may be room for growth in international crude oil. Supported by positive international crude oil, the market situation in China's gasoline market has improved, with demand being dominated by demand. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.