April 16 Gasoline Market Analysis

April 16 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On April 16, China's 92 #gasoline price index was 9446.97, up 16.07, or 0.17%; China's 95 #gasoline price index was 9748.79, up 14.31, or 0.15%. 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 301.82.

Gasoline Market Analysis:

Today, China's gasoline market is stable and strong, and is concentrated on high-end prices. Among them, gasoline prices in East China, Northeast China, and Central China have increased by 20-80 yuan/ton; local refining ex-factory prices have increased slightly, and Shandong, East China, and North China The increase is 30-50 yuan/ton. At present, transactions in China's gasoline market are moderate. Crude oil closed down overnight. Purchasing enthusiasm in the middle and lower reaches is acceptable, and refinery shipments are acceptable.

market outlook

The conflict between Iran and Israel has not yet intensified further, and geopolitical tensions have temporarily eased. However, Israel has not given up its military response. The instability in the Middle East still exists, and international oil prices are expected to have room to rise. International crude oil closed down overnight, negative for the market mentality, but retail price limits are about to be raised. In addition, due to the boost from stocking before May Day, demand is improving. In terms of supply, the overall shipments of refineries in the middle of the month were still acceptable, and merchants in the middle and lower reaches replenished the appropriate amount. On the whole, China's gasoline market is expected to remain mainly stable in the short term and increase in a narrow range.