Gasoline Market Analysis on April 23

Gasoline Market Analysis on April 23

International crude oil closes

Gasoline price index

On April 24, China's 92 #gasoline price index was 9386.54, down 10.04, or 0.11%; China's 95 #gasoline price index was 9684.33, down 9.94, or 0.10%. 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 297.78.

Gasoline Market Analysis:

Today, China's gasoline market has both ups and downs. The low-end price in Northwest China has been lowered by 100 yuan/ton; the high-end price in Southwest China has been raised by 30 yuan/ton; prices in other regions have been mainly stable; the ex-factory price of local refineries has been stable and weak. Gasoline prices in Shandong, Northwest and Northeast regions have been lowered to 20-100 yuan/ton. At present, transactions in China's gasoline market are light, procurement enthusiasm in the middle and lower reaches is average, price reduction promotions are increasing, and refinery shipments are performing poorly.

market outlook

The impact of geographical factors has weakened significantly this week, and the market has increased its attention to the demand side. International crude oil prices closed higher overnight, but the market buying and selling atmosphere remained weak, and the wait-and-see atmosphere still existed. Refinery shipments performed poorly. Rainy weather in many places affected shipments. In addition, the pressure on the main units increased at the end of the month. The middle and lower reaches were mainly in need of goods, so prices were reduced and delivered out of the warehouse. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.