Gasoline Market Analysis on March 20

Gasoline Market Analysis on March 20

International crude oil closes

Gasoline price index

On March 20, China's 92 #gasoline price index was 8978.85, up 12.09, or 0.13%; China's 95 #gasoline price index was 9283.22, up 12.95, or 0.14%. 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 304.37.

Gasoline Market Analysis:

Today, China's main wholesale gasoline prices are rising steadily, with gasoline prices rising in North China, Central China, Northwest China and Southwest China rising, with an overall increase of 30-100 yuan/ton; local refinery ex-factory prices rising mostly, including Shandong and North China gasoline prices in East China and Central China increased by 20-50 yuan/ton. International crude oil closed higher, procurement enthusiasm in the middle and lower reaches increased, the overall market trading atmosphere is relatively hot, areas with better sales are more willing to hold prices, and prices in some regions are stable.

market outlook

Crude oil closed up continuously. Ukraine drones continued to attack Russian refineries. Crude oil exports from Iraq and Saudi Arabia decreased. Market concerns about supply shortages continued, and European and American crude oil futures rose to new highs. Supported by positive international crude oil, the market situation in China's gasoline market has improved, and gasoline needs obvious support. On the whole, China's gasoline market prices are expected to rise steadily in the short term.