Gasoline Market Analysis on May 10

Gasoline Market Analysis on May 10

International crude oil closes

Gasoline price index

On May 10, China's 92 #gasoline price index was 9136.03, down 0.84, or 0.01%; China's 95 #gasoline price index was 9435.07, down 0.60, or 0.01%. 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 299.04.

Gasoline Market Analysis:

Today, China's gasoline market is stable to weak, and concentrated on low-end prices. Among them, low-end prices in East China, North China, and Northeast China have been lowered by 40-70 yuan/ton; the low-end price of 92 gasoline in Central China has been increased by 20 yuan/ton. The ex-factory prices of local refineries are stable and weak, with low-end prices in Shandong and East China being lowered by 30-50 yuan/ton; gasoline prices in North China being lowered by 30-50 yuan/ton. At present, transactions in China's gasoline market continue to be light, the wait-and-see atmosphere in the middle and lower reaches continues, and refinery shipments perform poorly.

market outlook

An Israeli official said that the ceasefire negotiations in the Gaza Strip held in Cairo, the capital of Egypt, may break down, and the Israeli army will continue to launch an offensive in the southern Gaza Strip city of Rafah to benefit the bearish game. Crude oil closed higher overnight, and the buying and selling atmosphere in the gasoline market was relatively light, which supported the market mentality to a certain extent. However, the current market supply and demand are dominated, the purchasing and sales atmosphere in the gasoline market is relatively light, the actual demand performance is average, and refinery shipments are mainly on demand. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.