Gasoline Market Analysis on June 3

Gasoline Market Analysis on June 3

International crude oil closes

Gasoline price index

On June 3, China's 92 #gasoline price index was 9,025.34, down 14.26, or 0.16%; China's 95 #gasoline price index was 9,323.61, down 13.33, or 0.14%. 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 298.27.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak, and concentrated on low-end prices. Among them, low-end prices in North China and Northwest China have been lowered by 60-100 yuan/ton; low-end prices in Southwest China have been lowered by 10-20 yuan/ton; gasoline prices in other regions are stable. The ex-factory prices of local refineries mainly fell, with prices lowered by 20-60 yuan/ton in Shandong and East China; 92 #in Northwest China was lowered by 100 yuan/ton, and the high-end price of 95 #was lowered by 100 yuan/ton; The high-end price of 92 #in North China was lowered by 20 yuan/ton, the low-end price of 95 #was lowered by 50 yuan/ton, and the high-end price was increased by 30 yuan/ton; gasoline prices in other regions were stable. At present, transactions in China's gasoline market are flat, international crude oil has closed down continuously, cost support is insufficient, middle and lower reaches are generally enthusiastic, promotional operations have increased, and refinery shipments are poor.

market outlook

The results of the OPEC+ meeting came into effect, mixed with negative and positive results. Biden said that Israel had put forward a new proposal for a ceasefire in Gaza, and Hamas said it would "view it positively." International crude oil prices have continued to fall since the close, and the news has been negative, exacerbating the wait-and-see atmosphere in the market. In China's gasoline market, there is less pressure on the main tasks at the beginning of the month, and the main price is high. From a demand perspective, next week is approaching the Dragon Boat Festival holiday, and pre-holiday preparations will begin one after another. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.