Gasoline Market Analysis on June 26

Gasoline Market Analysis on June 26

International crude oil closes

Gasoline price index

On June 26, the domestic 92 #gasoline price index was 8977.22, down 2.38, or 0.03%; the domestic 95 #gasoline price index was 9269.64, down 3.88, or 0.04%. 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 292.43.

Gasoline Market Analysis:

Today, the domestic gasoline market has both ups and downs. Among them, low-end prices in East China and South China have been lowered by 30-50 yuan/ton; low-end prices in Northeast China have been increased by 20-25 yuan/ton; and low-end prices in Southwest China have been increased by 30 yuan/ton; Gasoline prices in other regions are stable. The ex-factory price of local refining is stable and weak, with the low-end price in Shandong being lowered by 30 yuan/ton; the low-end price of 92 #in North China being lowered by 30 yuan/ton, and the high-end price of 95 #being lowered by 30 yuan/ton; gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are relatively light, international crude oil closed down, procurement enthusiasm in the middle and lower reaches is average, price reduction promotions have increased, and refinery shipments have performed poorly.

market outlook

The Federal Reserve has no hope of cutting interest rates from June to August,Israel and Iranian-backed militia Hezbollah recently threatened war after months of fighting on the Lebanon border. International crude oil closed down. Recently, international oil prices have continued to consolidate and operate at high levels, and bottom support remains solid.。Domestic gasoline market,Gasoline demand performance is relatively stable, and a new round of refined oil retail price limits is about to be raised, providing favorable guidance. The enthusiasm for purchasing in the middle and lower reaches is average, mainly digesting pre-stage inventories, and the market has a strong wait-and-see atmosphere. On the whole, it is expected that the domestic gasoline market will stabilize mainly in the short term and fluctuate within a narrow range.