Gasoline Market Analysis on April 26

Gasoline Market Analysis on April 26

International crude oil closes

Gasoline price index

On April 26, China's 92 #gasoline price index was 9338.59, down 27.72, or 0.30%; China's 95 #gasoline price index was 9641.21, down 23.82, or 0.25%. 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 302.63.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak, with prices in North China lowered by 10-20 yuan/ton; high-end prices in South China lowered by 50 yuan/ton; low-end prices in Northwest China lowered by 100 yuan/ton; prices in other regions are mainly stable. The ex-factory price of local refineries is stable and weak. The low-end price of 92 gasoline in Shandong has been lowered by 30 yuan/ton; the price of gasoline in northwest China has been lowered by 100 yuan/ton. Prices in other regions are mainly stable. At present, transactions in China's gasoline market are light, procurement enthusiasm in the middle and lower reaches is average, and refinery shipments perform poorly.

market outlook

Israel's prime minister has approved plans for a ground military operation in the southern Gaza Strip city of Rafah. Iraq officials said that regardless of OPEC+'s decision at the June meeting, it will limit crude oil exports to 3.3 million barrels per day. Traders weigh the factors of good market positions. 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, coupled with the increased pressure on the main units at the end of the month, the middle and lower reaches of the country were mainly in need of goods, and many prices were reduced to deliver goods out of the warehouse. There is still demand for stocking up next week before May Day, and gasoline prices still have support. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.