Gasoline Market Analysis on April 17

Gasoline Market Analysis on April 17

International crude oil closes

Gasoline price index

On April 17, China's 92 #gasoline price index was 9464.30, up 17.32, or 0.18%; China's 95 #gasoline price index was 9768.83, up 20.03, or 0.21%. 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 304.53.

Gasoline Market Analysis:

Today, China's gasoline market is stable and strong. Among them, gasoline prices in South China, North China, Northwest China, and Southwest China have increased by 20-240 yuan/ton; ex-factory prices of local refineries have remained stable and weak, and the increase in Shandong and North China is 40-50 yuan/ton. At present, transactions in China's gasoline market are moderate. Crude oil closed down overnight, but combined with the increase in retail price limits for refined oil products, some regions of China's gasoline market have not followed the increase in price limits. On the demand side, downstream wait-and-see sentiment is strong, and procurement frequency is low.

market outlook

The conflict between Iran and Israel has not intensified yet, and geopolitical concerns have eased. International crude oil closed down overnight, a new round of retail price limits cashed in and rose. The positive cost side supported the increase in gasoline prices. In addition, stocking began gradually before May Day, and demand was improving. At the same time, the main units are highly willing to bid, and the market has a strong wait-and-see atmosphere, or wait for opportunities to purchase. On the whole, China's gasoline market is expected to remain stable in the short term.