April 10 Gasoline Market Analysis

April 10 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On April 10, China's 92 #gasoline price index was 9303.41, up 10.92, or 0.12%; China's 95 #gasoline price index was 9602.10, up 11.97, or 0.12%. 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 298.69.

Gasoline Market Analysis:

Today, China's gasoline market is mainly stable, with only the high-end gasoline prices in Northeast China increasing by 150 yuan/ton. The ex-factory price of local refineries is mainly adjusted within the region, with limited fluctuations. Among them, the high-end gasoline price in North China is increased by 30 yuan/ton; the low-end gasoline price in North China is reduced by 50 yuan/ton. At present, transactions in China's gasoline market are flat, and a wait-and-see atmosphere still exists. The enthusiasm for purchasing in the middle and lower reaches is not high, and demand support is insufficient.

market outlook

International crude oil prices closed down, Israel-Israel peace talks are still continuing, Iran has not taken radical action yet, and geopolitical tensions have eased. U.S. commercial crude oil inventories are still growing, which may bring certain negative pressure. The demand performance is relatively stable, with the middle and lower reaches mostly wait-and-see performance, refinery shipments are average, and there is a strong willingness to hold prices. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.