Gasoline Market Analysis on April 23
International crude oil closes
|
date |
market |
specifications |
Closing (USD/barrel) |
rise and fall |
|
20240422 |
US |
WTI |
82.85 |
-0.29 |
|
20240422 |
British |
Brent |
87 |
-0.29 |
Gasoline price index
On April 23, China's 92 #gasoline price index was 9396.59, down 28.19, or 0.30%; China's 95 #gasoline price index was 9694.26, down 27.15, or 0.28%. 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 297.68.
Gasoline Market Analysis:
Today, China's gasoline market was mainly down, with gasoline prices in East China, South China, North China, Northeast China, Southwest China, and Central China being lowered by 10-50 yuan/ton; ex-factory prices in local refineries mainly falling, while Shandong, Northwest China, East China, North China, Central China and Southwest China increased by 20-100 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.
|
Main wholesale price of gasoline on April 23 (yuan/ton) |
||||
|
areas |
Gasoline model |
Price 4.22 |
Price 4.23 |
rise and fall |
|
East China |
92# |
9150-9580 |
9140-9550 |
-10/-30 |
|
95# |
9300-9980 |
9240-9980 |
-60/0 |
|
|
South China |
92# |
9400-10280 |
9350-10230 |
-50/-50 |
|
95# |
9600-10580 |
9550-10530 |
-50/-50 |
|
|
in North China |
92# |
8930-10132 |
8900-10132 |
-30/0 |
|
95# |
9130-10514 |
9100-10514 |
-30/0 |
|
|
northwestern region |
92# |
9200-10533 |
9200-10533 |
0/0 |
|
95# |
9400-11146 |
9400-11146 |
0/0 |
|
|
Northeast China |
92# |
9035-9400 |
9000-9380 |
-35/-20 |
|
95# |
9215-9700 |
9185-9700 |
-30/0 |
|
|
southwestern region |
92# |
9250-10703 |
9250-9850 |
0/-903 |
|
95# |
9550-11326 |
9550-11300 |
0/-26 |
|
|
central China |
92# |
9300-9900 |
9280-9850 |
-20/-50 |
|
95# |
9450-10200 |
9430-10150 |
-20/-50 |
|
|
Ex-factory price of local gasoline refining on April 23 (yuan/ton) |
||||
|
areas |
Gasoline model |
Price 4.22 |
Price 4.23 |
rise and fall |
|
Shandong area |
92# |
8950-9450 |
8890-9250 |
-60/-200 |
|
95# |
9040-9600 |
8990-9400 |
-50/-200 |
|
|
northwestern region |
92# |
8950-9200 |
8950-9200 |
0/0 |
|
95# |
9200-9400 |
9100-9400 |
-100/0 |
|
|
Northeast China |
92# |
8988-9000 |
8928-9000 |
-60/0 |
|
95# |
9200-9200 |
9200-9200 |
0/0 |
|
|
East China |
92# |
9110-9200 |
9030-9120 |
-80/-80 |
|
95# |
9260-9310 |
9180-9230 |
-80/-80 |
|
|
in North China |
92# |
8990-9100 |
8940-9080 |
-50/-20 |
|
95# |
9090-9150 |
9040-9130 |
-50/-20 |
|
|
central China |
92# |
9360-9360 |
9310-9310 |
-50/-50 |
|
95# |
9560-9560 |
9510-9510 |
-50/-50 |
|
|
southwestern region |
92# |
9300-9300 |
9300-9300 |
0/0 |
|
95# |
9450-9450 |
9450-9450 |
0/0 |
|
market outlook
There are no signs of further escalation in the Iran-Israeli conflict, and geopolitical concerns continue to ease. International crude oil prices closed down 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.
