Gasoline Market Analysis on April 22

Gasoline Market Analysis on April 22

International crude oil closes

Gasoline price index

On April 22, China's 92 #gasoline price index was 9424.77, down 9.16, or 0.10%; China's 95 #gasoline price index was 9721.41, down 7.87, or 0.08%. 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 296.64.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak. Among them, gasoline prices in East China, South China, North China, Northeast China, and Central China have been lowered by 30-140 yuan/ton; ex-factory prices in local refineries have mainly declined, with Shandong, Northwest China, East China, North China, Central China and Southwest China rising by 10-110 yuan/ton. At present, transactions in China's gasoline market are light, there is a strong wait-and-see atmosphere in the middle and lower reaches, price reduction promotions have increased, and refinery shipments have performed poorly.

market outlook

Israel has only taken limited military action against Iran. Neither side has any intention of further escalating the situation, and the geopolitical situation has gradually eased. International crude oil prices closed higher overnight, and market shipment performance was weak and there was a strong wait-and-see atmosphere in the middle and lower reaches. Near the end of the month, the pressure on the main units has increased, and the middle and lower reaches have mainly received goods just in need, so more prices have been reduced and delivered out of the warehouse. On the whole, China's gasoline market is expected to remain mainly stable and fluctuate within a narrow range in the short term.