Gasoline Market Analysis on April 30

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April 30, 2024, 3:15 PM

International crude oil closes

date	market	specifications	Closing (USD/barrel)	rise and fall
20240429	US	WTI	82.63	-1.22
20240429	British	Brent	88.4	-1.1

Gasoline price index

On April 30, China's 92 #gasoline price index was 9259.64, down 32.58, or 0.35%; China's 95 #gasoline price index was 9556.87, down 34.34, or 0.36%. 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 297.22.

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.

Main wholesale price of gasoline on April 30 (yuan/ton)
areas	Gasoline model	Price 4.29	Price 4.30	rise and fall
East China	92#	9000-9480	8950-9480	-50/0
East China	95#	9150-9980	9090-9980	-60/0
South China	92#	9300-10130	9200-10130	-100/0
South China	95#	9500-10430	9400-10430	-100/0
in North China	92#	8790-10132	8790-10058	0/-74
in North China	95#	8990-10514	8990-10437	0/-77
northwestern region	92#	9000-10533	8900-10459	-100/-74
northwestern region	95#	9200-11146	9050-11068	-150/-78
Northeast China	92#	8870-9380	8850-9380	-20/0
Northeast China	95#	9105-9700	9080-9700	-25/0
southwestern region	92#	9150-9800	9100-9800	-50/0
southwestern region	95#	9300-10200	9300-10200	0/0
central China	92#	9150-9850	9070-9850	-80/0
central China	95#	9300-10150	9220-10150	-80/0

Ex-factory price of local gasoline refining on April 30 (yuan/ton)
areas	Gasoline model	Price 4.29	Price 4.30	rise and fall
Shandong area	92#	8720-9130	8700-9070	-20/-60
Shandong area	95#	8870-9290	8850-9230	-20/-60
northwestern region	92#	8750-9000	8550-8850	-200/-150
northwestern region	95#	9050-9200	8900-9050	-150/-150
Northeast China	92#	8820-9000	8770-8950	-50/-50
Northeast China	95#	9200-9200	9150-9150	-50/-50
East China	92#	8900-9000	8820-8950	-80/-50
East China	95#	9050-9110	8970-9060	-80/-50
in North China	92#	8860-8880	8830-8860	-30/-20
in North China	95#	8930-8960	8880-8960	-50/0
central China	92#	9260-9260	9110-9110	-150/-150
central China	95#	9460-9460	9310-9310	-150/-150
southwestern region	92#	9180-9180	9150-9150	-30/-30
southwestern region	95#	9330-9330	9300-9300	-30/-30

market outlook

Ceasefire negotiations between Palestine and Israel have begun again. There is still room for further easing of geopolitical tensions, and the positive support for oil prices continues to be weakened. The international crude oil price closed down overnight, and the retail price limit was lowered and cashed in. The news was negative. The market buying and selling atmosphere is still weak, and the wait-and-see atmosphere still exists. Refinery shipments performed poorly. At the end of the month, the pressure on the main units increased. The middle and lower reaches were mainly in need of goods, and many prices were reduced to deliver goods out of the warehouse. Coupled with the fall in gasoline demand after May Day, the overall market has no obvious positive support. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.