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April 19 Gasoline Market Analysis
International crude oil closes
|
date |
market |
specifications |
Closing (USD/barrel) |
rise and fall |
|
20240418 |
US |
WTI |
82.73 |
0.04 |
|
20240418 |
British |
Brent |
87.11 |
-0.18 |
Gasoline price index
On April 19, China's 92 #gasoline price index was 9433.94, down 5.44, a decrease of 0.06%; China's 95 #gasoline price index was 9732.55, down 12.00, an increase of 0.12%. Both the 92 #gasoline index and the 95 #gasoline index were lowered, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 298.61.
Gasoline Market Analysis:
Today, China's gasoline market is mainly down, and it is concentrated on low-end prices. Among them, gasoline prices in East China, South China, North China, Northwest China, and Southwest China have been lowered by 20-100 yuan/ton; local refinery ex-factory prices have been stable and weak., the increase in Northwest China, East China, and North China has been between 20-100 yuan/ton, while gasoline prices in other regions have been relatively stable. At present, transactions in China's gasoline market are light, and crude oil closed mixed overnight. Coupled with the continued weakness in demand, the market has no positive factors to stimulate, refinery shipments have performed poorly, and price reduction promotions have increased.
|
Main wholesale price of gasoline on April 19 (yuan/ton) |
||||
|
areas |
Gasoline model |
Price 4.18 |
Price 4.19 |
rise and fall |
|
East China |
92# |
9200-9630 |
9180-9580 |
-20/-50 |
|
95# |
9350-9980 |
9300-9980 |
50/0 |
|
|
South China |
92# |
9450-10330 |
9400-10330 |
-50/0 |
|
95# |
9650-10630 |
9600-10630 |
-50/0 |
|
|
in North China |
92# |
9150-10132 |
9070-10132 |
-80/0 |
|
95# |
9300-10514 |
9270-10514 |
-30/0 |
|
|
northwestern region |
92# |
9300-10533 |
9200-10533 |
-100/0 |
|
95# |
9500-11146 |
9400-11146 |
-100/0 |
|
|
Northeast China |
92# |
9000-9400 |
9035-9400 |
35/0 |
|
95# |
9210-9700 |
9235-9700 |
25/0 |
|
|
southwestern region |
92# |
9300-10703 |
9300-10703 |
0/0 |
|
95# |
9600-11326 |
9550-11326 |
-50/0 |
|
|
central China |
92# |
9330-9900 |
9350-9900 |
20/0 |
|
95# |
9500-10200 |
9500-10200 |
0/0 |
|
|
Ex-factory price of local gasoline refining on April 19 (yuan/ton) |
||||
|
areas |
Gasoline model |
Price 4.18 |
Price 4.19 |
rise and fall |
|
Shandong area |
92# |
9000-9450 |
9000-9450 |
0/0 |
|
95# |
9080-9600 |
9110-9600 |
30/0 |
|
|
northwestern region |
92# |
9020-9300 |
9050-9200 |
30/-100 |
|
95# |
9250-9500 |
9200-9400 |
-50/-100 |
|
|
Northeast China |
92# |
9000-9020 |
9000-9020 |
0/0 |
|
95# |
9200-9200 |
9200-9200 |
0/0 |
|
|
East China |
92# |
9150-9280 |
9120-9280 |
-30/0 |
|
95# |
9300-9390 |
9270-9390 |
-30/0 |
|
|
in North China |
92# |
9050-9150 |
9080-9120 |
30/-30 |
|
95# |
9150-9200 |
9130-9200 |
-20/0 |
|
|
central China |
92# |
9420-9420 |
9420-9420 |
0/0 |
|
95# |
9620-9620 |
9620-9620 |
0/0 |
|
|
southwestern region |
92# |
9400-9400 |
9400-9400 |
0/0 |
|
95# |
9550-9550 |
9550-9550 |
0/0 |
|
market outlook
The Iran-Israeli conflict has gradually returned to calm, but Israel's military operations in the Middle East have not stopped, and geopolitical instability still exists. International crude oil closing prices were mixed overnight, with limited market guidance. The middle and lower reaches of the market are finished, market demand is stable, coupled with the increased pressure on the main units in the middle and late months, and many prices are reduced and delivered out of the warehouse. However, the bottom support on the cost side still exists, and the news is good for guidance. 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 mainly stable in the short term and fluctuate within a narrow range.
