June 18 Gasoline Market Analysis

June 18 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On June 18, China's 92 #gasoline price index was 8972.15, up 7.67, or 0.09%; China's 95 #gasoline price index was 9259.83, up 9.58, or 0.10%. 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 287.68.

Gasoline Market Analysis:

Today, China's gasoline market is stable, medium and strong. Among them, the high-end price of 92 #in East China has been increased by 50 yuan/ton; the high-end price in South China has been increased by 50 yuan/ton; the low-end price in North China and Northeast China has been increased by 20-30 yuan/ton; Central China has been increased by 20-50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries increased mainly, with Shandong, East China, North China, and Central China increasing by 20-75 yuan/ton; the low-end price of 95 #in Northwest China increasing by 50 yuan/ton; and gasoline prices in other regions stabilizing. At present, transactions in China's gasoline market are booming, procurement enthusiasm in the middle and lower reaches has improved, and refinery shipments are relatively smooth.

market outlook

At present, the market lacks guidance on new important events, and the support brought by positive fundamentals is still continuing. International crude oil closed higher, and cost-side support strengthened. In China's gasoline market, a new round of refined oil price adjustment shows upward expectations. With the end of the college entrance examination, the number of residents traveling has increased, the rate of car use and the use of car air conditioners has increased, and gasoline is still sufficient. However, the enthusiasm for purchasing in the middle and lower reaches is average, and they choose to continue to wait and see to digest inventory, and a small amount just needs to be replenished. In addition, entering the middle and late months, the sales pressure of each main unit has gradually increased. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.