Gasoline Market Analysis on April 29

Gasoline Market Analysis on April 29

International crude oil closes

Gasoline price index

On April 29, China's 92 #gasoline price index was 9292.22, down 34.48, or 0.37%; China's 95 #gasoline price index was 9591.20, down 37.98, or 0.39%. 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 298.98.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak. Prices in East China and Southwest China have been lowered by 50-200 yuan/ton; high-end prices in South China have been lowered by 50 yuan/ton; low-end prices in North China and Northeast China have been lowered by 30-40 yuan/ton; Prices in other regions are mainly stable. The ex-factory price of local refineries is stable and weak. The price of 92 gasoline in Shandong has been lowered by 50-80 yuan/ton; the price of low-end gasoline in northwest China has been lowered by 50-100 yuan/ton. Gasoline prices in East China, North China, and Central China have been lowered by 40-90 yuan/ton; prices in other regions have been 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

Hamas questioned the ceasefire plan proposed by Israel and Egypt, saying there were "no major issues." Hamas officials said the atmosphere would be positive unless Israel erected new obstacles. The geopolitical situation shows signs of further easing, and international crude oil prices may have room for correction in the short term. 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 a demand for stocking up 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.