Gasoline Market Analysis on May 21

Gasoline Market Analysis on May 21

International crude oil closes

Gasoline price index

On May 21, China's 92 #gasoline price index was 9000.18, up 2.63, or 0.03%; China's 95 #gasoline price index was 9299.74, down 1.71, or 0.02%. Both the 92 #gasoline index and the 95 #gasoline index were up and down, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 299.55.

Gasoline Market Analysis:

Today, China's gasoline market is stable, medium and strong, and concentrated on low-end prices. Among them, the low-end prices in East China and North China have been increased by 30 yuan/ton; the low-end price of 92 gasoline in Southwest China has been increased by 20 yuan/ton; and gasoline prices in other regions have been stable. The ex-factory prices of local refineries have both risen and fallen, among which the low-end price of 95 gasoline in Northwest China has been increased by 50 yuan/ton; the low-end price of East China has been increased by 20 yuan/ton; the low-end price of 92 gasoline in North China has increased by 20 yuan/ton, and the high-end price in North China has been lowered by 30-50 yuan/ton; the high-end price in Shandong and Central China has been lowered by 30-60 yuan/ton, and the low-end price in Central China has been lowered by 30 yuan/ton. At present, the transaction atmosphere in China's gasoline market is moderate. International crude oil has closed down. There is insufficient support on the cost side. The mentality of the middle and lower reaches is relatively optimistic, and the enthusiasm for purchasing is acceptable.

market outlook

Russian President Vladimir Putin said that as of now, Russia's crude oil output has dropped to 195.7 million tons and will continue to cooperate with the OPEC+ production reduction agreement. There is still no substantive progress in the negotiations between Palestine and Israel, the instability of the situation still exists, and the demand prospects have not been significantly boosted or improved. Crude oil prices fell slightly overnight, which was good for the bearish game. However, the buying and selling atmosphere in the gasoline market is relatively mild. The middle and lower reaches of the industry are optimistic, their enthusiasm for purchasing is fair, and traders deposit into the market to replenish goods. Demand for gasoline in the Chinese market lacks holiday support, and demand performance is relatively weak. In addition, the pressure on refinery performance at the end of the month is increasing. On the whole, China's gasoline market is expected to remain stable in the short term.