Gasoline Market Analysis on April 7

Gasoline Market Analysis on April 7

International crude oil closes

Gasoline price index

On April 7, China's 92 #gasoline price index was 9286.40, up 71.43, or 0.78%; China's 95 #gasoline price index was 9581.63, up 71.76, or 0.75%. 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 295.23.

Gasoline Market Analysis:

Today, China's gasoline market is mainly rising, with gasoline prices in East China, South China, Northeast China, Central China, and North China rising by 50-200 yuan/ton. The ex-factory prices of local refineries were mainly rising, with gasoline prices in Shandong, Northwest, Central China, East China and Southwest China increasing by 30-120 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, and refineries are more willing to support prices.

market outlook

OPEC+ production cuts are still advancing, and oil-producing countries have a positive attitude. On the geopolitical front, concerns about conflicts involving Iran in the Middle East have intensified. The United States has warned Israel and Iran that may launch military action. International oil prices have risen for six consecutive days. In addition, users in the middle and lower reaches just need to replenish their stocks after the holiday. On the whole, China's gasoline prices are expected to increase steadily and within a narrow range in the short term.