April 9 Gasoline Market Analysis

April 9 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On April 9, China's 92 #gasoline price index was 9292.49, up 4.68, or 0.05%; China's 95 #gasoline price index was 9590.13, up 6.59, or 0.07%. 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 297.64.

Gasoline Market Analysis:

Today, China's gasoline market is stable and strong. Among them, oil prices in East China have been lowered by 20-100 yuan/ton, and gasoline prices in East China, South China, and Central China have been increased by 20-100 yuan/ton. The ex-factory prices of local refineries have been mixed, with gasoline prices in East China increasing by 0-20 yuan/ton; gasoline prices in North China decreasing by 0-30 yuan/ton. At present, the transaction atmosphere in China's gasoline market is moderate, the demand is relatively weak, and the middle and lower reaches have a wait-and-see mentality, mainly eliminating stocks.

market outlook

The situation in the Middle East has eased slightly due to Israel's partial compromise actions, but the peace talks between Hamas and Israel have not gone smoothly, and the instability of the geographical situation has continued. The closing price of international crude oil fell, and the transaction performance in the gasoline market was moderate. The phased replenishment in the middle and lower reaches has basically ended. Most purchases are just needed, and the main choice for replenishment is low, and the wait-and-see attitude has intensified. The willingness to hold prices increased at the beginning of the month. On the whole, it is expected that China's gasoline market will continue to stabilize and fluctuate within a narrow range in the short term.