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March 14 Gasoline Market Analysis

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March 14, 2024, 5:45 PM

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.