Gasoline Market Analysis on May 13

Gasoline Market Analysis on May 13

International crude oil closes

Gasoline price index

On May 13, China's 92 #gasoline price index was 9087.51, down 21.82, or 0.24%; China's 95 #gasoline price index was 9394.50, down 15.57, or 0.17%. 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 306.98.

Gasoline Market Analysis:

Today, China's gasoline market is mainly down, and concentrated on low-end prices. Among them, low-end prices in East China, North China, Northeast China, and Central China have been lowered by 20-100 yuan/ton; prices in Southwest China have been lowered by 30-200 yuan/ton. The ex-factory prices of local refineries mainly fell, with prices in Shandong and Central China being lowered by 50-100 yuan/ton; low-end prices in North China being lowered by 30-40 yuan/ton. At present, transactions in China's gasoline market are light, the wait-and-see atmosphere in the middle and lower reaches continues, and refinery shipments perform generally.

market outlook

The United Nations General Assembly passed a resolution on Palestine's accession to the United Nations, but the United States and Israel voted against it, and the instability of the Palestinian-Israeli situation still exists. There were no international crude oil quotes over the weekend, and there was limited news guidance. The buying and selling atmosphere in the gasoline market is relatively light, and middle and lower reaches are cautious when entering the market. They mainly consume more warehouses and just need to replenish a small amount. The current round of retail price reductions for refined oil products is expected to be approaching and lacks good support. The middle and lower reaches tend to wait and see before price adjustment. In addition, as this week enters mid-to-late, sales pressure on various units has increased, and there is no confidence in supporting prices. Overall, China's gasoline market is expected to decline within a narrow range in the short term.