Gasoline Market Analysis on May 17
International crude oil closes
date |
market |
specifications |
Closing (USD/barrel) |
rise and fall |
20240516 |
US |
WTI |
79.23 |
0.6 |
20240516 |
British |
Brent |
83.27 |
0.52 |
Gasoline price index
On May 17, China's 92 #gasoline price index was 8997.50, down 5.27, or 0.06%; China's 95 #gasoline price index was 9300.62, down 2.61, or 0.03%. 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 303.12.
Gasoline Market Analysis:
Today, China's gasoline market has both ups and downs, and is concentrated on low-end prices. Among them, the low-end price of 92 gasoline in North China has been lowered by 30 yuan/ton; the low-end price of 95 gasoline in Northeast China has been increased by 20 yuan/ton; and the low-end price in East China and South China has been raised by 20-50 yuan/ton. The ex-factory price of local refineries is mainly stable, with the low-end price of 92 gasoline in Northeast China being increased by 40 yuan/ton. At present, the transaction atmosphere in China's gasoline market is moderate. International crude oil has closed up. Cost has provided support. The middle and lower reaches are still mainly in need of procurement. Refinery shipments have performed poorly, and price reduction promotions have increased.
Main wholesale price of gasoline on May 17 (yuan/ton) |
||||
areas |
Gasoline model |
Price 5.16 |
Price 5.17 |
rise and fall |
East China |
92# |
8680-9300 |
8700-9300 |
20/0 |
95# |
8830-9980 |
8850-9980 |
20/0 |
|
South China |
92# |
8800-9850 |
8850-9850 |
50/0 |
95# |
9000-10150 |
9050-10150 |
50/0 |
|
in North China |
92# |
8530-9809 |
8500-9809 |
-30/0 |
95# |
8700-10179 |
8700-10179 |
0/0 |
|
northwestern region |
92# |
8650-10210 |
8650-10210 |
0/0 |
95# |
8850-10805 |
8850-10805 |
0/0 |
|
Northeast China |
92# |
8620-9250 |
8620-9250 |
0/0 |
95# |
8800-9650 |
8820-9650 |
20/0 |
|
southwestern region |
92# |
8750-9700 |
8750-9700 |
0/0 |
95# |
9050-10000 |
9050-10000 |
0/0 |
|
central China |
92# |
8800-9600 |
8800-9600 |
0/0 |
95# |
8950-9900 |
8950-9900 |
0/0 |
Ex-factory price of local gasoline refining on May 17 (yuan/ton) |
||||
areas |
Gasoline model |
Price 5.16 |
Price 5.17 |
rise and fall |
Shandong area |
92# |
8380-8800 |
8380-8800 |
0/0 |
95# |
8530-8960 |
8530-8960 |
0/0 |
|
northwestern region |
92# |
8350-8650 |
8350-8650 |
0/0 |
95# |
8600-8850 |
8600-8850 |
0/0 |
|
Northeast China |
92# |
8460-8700 |
8500-8700 |
40/0 |
95# |
8900-8900 |
8900-8900 |
0/0 |
|
East China |
92# |
8520-8780 |
8520-8780 |
0/0 |
95# |
8650-8890 |
8650-8890 |
0/0 |
|
in North China |
92# |
8470-8510 |
8470-8510 |
0/0 |
95# |
8520-8610 |
8520-8610 |
0/0 |
|
central China |
92# |
8870-8870 |
8870-8870 |
0/0 |
95# |
9070-9070 |
9070-9070 |
0/0 |
|
southwestern region |
92# |
8850-8850 |
8850-8850 |
0/0 |
95# |
9000-9000 |
9000-9000 |
0/0 |
market outlook
New news and demand prospects for OPEC+ production cuts, but recent Fed officials remain cautious about interest rate cuts and still lack guidance on important events. Crude oil prices rose overnight for two consecutive days, and the National Development and Reform Commission's current retail prices were lowered, which was good for the bearish game. The purchasing and selling atmosphere in the gasoline market is relatively mild, and the enthusiasm for purchasing in the middle and lower reaches is average. In addition, entering the latter part of the month, the business pressure of various sales units has increased, and they lack the confidence to support prices. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.