Gasoline Market Analysis on April 3

Gasoline Market Analysis on April 3

International crude oil closes

Gasoline price index

On April 3, China's 92 #gasoline price index was 9214.97, up 43.00, or 0.47%; China's 95 #gasoline price index was 9509.87, up 41.94, or 0.44%. 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 294.91.

Gasoline Market Analysis:

Today, China's gasoline market is rising steadily, with gasoline prices in East China, South China, Northeast China, Central China, and North China rising by 50-100 yuan/ton. The ex-factory prices of local refineries mainly increased, with gasoline prices in Shandong, Northwest, Central China, East China, North China and Southwest China increasing by 50-130 yuan/ton. At present, transactions in China's gasoline market are booming. Crude oil closed up overnight. Purchasing enthusiasm in the middle and lower reaches is high. Refinery production and sales data have improved significantly, and refineries have increased their willingness to support prices.

market outlook

International crude oil prices hit a new high for the year yesterday, and the geopolitical instability continued unabated. Ukraine attacked one of Russia's largest refineries this week. The United States 'API crude oil inventories fell by 2.286 million barrels in the week ending March 29. Mid-stream and downstream traders have basically finished stocking up on Qingming Festival and there is no obvious positive situation in the short term. On the whole, China's gasoline prices are expected to fluctuate steadily and within a narrow range in the short term.