Gasoline Market Analysis on April 15

Gasoline Market Analysis on April 15

International crude oil closes

Gasoline price index

On April 15, China's 92 #gasoline price index was 9430.90, up 101.58, or 1.09%; China's 95 #gasoline price index was 9734.49, up 106.46, or 1.11%. 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 303.58.

Gasoline Market Analysis:

Today, China's gasoline market is mainly rising. Among them, low-end gasoline prices in East China, North China, Northwest China, Southwest China and Central China have been raised by 50-300 yuan/ton; the ex-factory price of local refineries has increased overall compared with last Friday, with an increase of 50-410 yuan/ton. At present, transactions in China's gasoline market are booming, and the trading atmosphere in the local refinery market is good over the weekend. Crude oil closed up overnight, purchasing enthusiasm in the middle and lower reaches has increased, and the willingness to support prices in areas with better sales has increased.

market outlook

Iran's military action against Israel last Sunday triggered geopolitical concerns and continued to strengthen the bottom support for oil prices. It is expected that international oil prices may have room to rise. International crude oil closed higher overnight, boosting market mentality. In addition, the NDRC's price limit is about to be raised. There is a lack of holiday support in terms of demand, and some middle and lower reaches have already started stocking up on May Day in advance. On the supply side, refineries are more willing to support prices in the middle of the month, and merchants in the middle and lower reaches will replenish the goods appropriately. Overall, China's gasoline market is expected to increase within a narrow range in the short term.