Gasoline Market Analysis on May 29

Gasoline Market Analysis on May 29

International crude oil closes

Gasoline price index

On May 29, China's 92 #gasoline price index was 9036.03, up 28.94, or 0.32%; China's 95 #gasoline price index was 9333.20, up 29.40, or 0.32%. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 297.16.

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, South China, North China, and Northwest China have been increased by 10-100 yuan/ton; the low-end price of 92 #in Northeast China has been increased by 45 yuan/ton; the low-end price of 95 #gasoline in Southwest and Central China has been increased by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries were mainly rising, with prices in Shandong, Northwest, East China, North China, Central China, and Southwest China increasing by 30-100 yuan/ton; gasoline prices in Northeast China were stable. At present, the transaction atmosphere in China's gasoline market is relatively hot. 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 have been smooth.

market outlook

The Israel Defense Forces continued to carry out military operations in many places in the Palestinian Gaza Strip, and Egyptian and Israeli soldiers exchanged fire at the Rafah crossing on the border between Egypt and the Gaza Strip that day. Geophysical instability intensified. The market believes that OPEC+ postponement of production cuts is a high probability event., negative and good game. International crude oil prices closed up continuously, boosting market mentality, and purchasing enthusiasm in the middle and lower reaches strengthened compared with yesterday. In the gasoline market in China, there are no holidays and holidays, and vehicle travel is mainly for daily commuting. The adjustment of China's refined oil price limits has stalled and the new round of price adjustments continues to show stranded expectations. At the end of the month, the main sales tasks have been basically completed, and there is a strong willingness to hold prices. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.