Gasoline Market Analysis on June 24

Gasoline Market Analysis on June 24

International crude oil closes

Gasoline price index

On June 24, the domestic 92 #gasoline price index was 8964.47, down 15.90, or 0.18%; the domestic 95 #gasoline price index was 9255.85, down 9.65, or 0.10%. 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 291.38.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, the low-end prices in East China, South China and North China have been lowered by 30-100 yuan/ton, the high-end price of 92 #in East China has been lowered by 50 yuan/ton; the low-end price of 92 #in Northeast China has been lowered by 5 yuan/ton, the high-end price of 95 #in Southwest China has been lowered by 150 yuan/ton; the low-end price of 95 #in Southwest China has been lowered by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries are stable and weak, with Shandong and Central China lowering by 5-100 yuan/ton; the low-end prices in East China lowering by 40 yuan/ton; the low-end prices in North China increasing by 30-60 yuan/ton, and the high-end prices lowering by 20 yuan/ton Gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are light, international crude oil has closed down, and cost support is insufficient. In addition, demand continues to be weak. The phased replenishment in the middle and lower reaches has ended early. There are no favorable factors in the market to stimulate, refinery shipments have performed poorly, and price reduction promotions have increased.

market outlook

The Federal Reserve has no hope of cutting interest rates from June to August, and many oil-producing countries have expressed support for OPEC+ production cuts.The instability of the geopolitical situation in the Middle East still exists. International crude oil closed down, lacking obvious positive guidance on costs。Domestic gasoline market,Gasoline demand performance is relatively stable, making it difficult to support the upward trend of oil prices. Recently, the gasoline market has been generally light, with more pessimism in the market, and low enthusiasm among industry operators to enter the market. near the end of the month，The sales pressure of all main units is gradually increasing, and there is little willingness to bid. On the whole, it is expected that the domestic gasoline market will stabilize mainly in the short term and fluctuate within a narrow range.