March 18 Gasoline Market Analysis

March 18 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On March 18, China's 92 #gasoline price index was 8944.450, down 6.57, or 0.07%; China's 95 #gasoline price index was 9248.83, down 7.05, or 0.08%. 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 304.33.

Gasoline Market Analysis:

Today, the main wholesale price of gasoline in China fell mainly, with the overall decline of 30-100 yuan/ton; the ex-factory price of local refineries was mainly lowered, with gasoline prices in Shandong, North China, East China, Northwest China and Central China being lowered by 30-130 yuan/ton. At present, transactions in China's gasoline market are light, international crude oil has closed down, a wait-and-see atmosphere in the middle and lower reaches is strong, and refinery shipments are poor.

market outlook

Political issues in Russia and Ukraine continue to affect international crude oil. Drilling volumes in the United States have risen to a new high, and demand has partially warmed up. However, the changes in the global economic and demand prospects are small, and international crude oil prices are expected to fall. Transactions in the gasoline market today were average, and there was no obvious positive stimulus. Overall, China's gasoline market is expected to fluctuate slightly in the short term.