Gasoline Market Analysis on May 27

Gasoline Market Analysis on May 27

International crude oil closes

Gasoline price index

On May 27, China's 92 #gasoline price index was 8989.06, up 2.25, or 0.03%; China's 95 #gasoline price index was 9287.78, down 0.25, or 0.01%. 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 298.73.

Gasoline Market Analysis:

Today, China's gasoline market is stable, medium and strong, and is mainly concentrated on low-end prices. Among them, low-end prices in East China, North China, and Central China have been increased by 20-50 yuan/ton; the low-end price of 95 #in Northeast China has been reduced by 45 yuan/ton; The low-end price of 92 #gasoline in Southwest China has been increased by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries are stable and strong, with low-end prices in East China and Shandong increasing by 20-30 yuan/ton; high-end prices in Shandong decreasing by 20-30 yuan/ton; gasoline prices in North China increasing by 20 yuan/ton; gasoline prices in other regions are stable. At present, the transaction atmosphere in China's gasoline market is moderate. International crude oil has closed up. The cost side has provided support. The enthusiasm for purchasing in the middle and lower reaches has increased, and refinery shipments are still acceptable.

market outlook

Coinciding with the Memorial Day holiday in the United States and the Summer Bank holiday in the United Kingdom, international crude oil futures are closed for one day, and there is no settlement price, so market guidance is limited. International oil prices rose slightly on the 24th, boosting market mentality and purchasing enthusiasm in the middle and lower reaches rebounded. In the gasoline market in China, there are no holidays and holidays, and vehicle travel is mainly for daily commuting. The new round of retail price adjustments for refined oil products has slightly lowered expectations. Coupled with the increased pressure on refinery performance at the end of the month, there is little willingness to hold prices. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.