April 8 Gasoline Market Analysis

April 8 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On April 8, China's 92 #gasoline price index was 9287.81, up 1.41, or 0.02%; China's 95 #gasoline price index was 9583.54, up 1.92, or 0.02%. 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 295.73.

Gasoline Market Analysis:

Today, China's gasoline market is mainly adjusted within the region, with limited fluctuations. Among them, oil prices in East China have been lowered by 0-50 yuan/ton, and gasoline prices in Northeast China have been increased by 50-75 yuan/ton; gasoline prices in other regions have remained stable. The ex-factory prices of local refineries are stable and strong, with gasoline prices in Central and North China increasing by 30-50 yuan/ton. At present, the transaction atmosphere in China's gasoline market is mild, the wait-and-see atmosphere in the middle and lower reaches is strong, and refinery shipments are poor.

market outlook

Israel has withdrawn all troops from southern Gaza. The United States continues to put pressure on Israel. The instability of the geopolitical situation still exists but has not yet escalated further. There is no holiday support on the demand side, and gasoline demand is relatively stable, making it difficult to support the upward trend of oil prices. On the supply side, there will be no new refineries to be overhauled next week. Centralized stocking in the middle and lower reaches has been completed, and some of them just need replenishment. The market fluctuations are limited and calm down. On the whole, it is expected that China's gasoline market will stabilize and operate in a narrow range in the short term.