Gasoline Market Analysis on July 9

Gasoline Market Analysis on July 9

International crude oil closes

Gasoline price index

On July 9, the domestic 92 #gasoline price index was 9009.63, down 7.23, or 0.08%; the domestic 95 #gasoline price index was 9307.05, down 5.17, or 0.06%. 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 297.42.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, and concentrated on low-end prices. Among them, the low-end prices in South China and North China have been lowered by 30-50 yuan/ton; the low-end price of 92 #in Northeast and Southwest China has been lowered by 15-20 yuan/ton; Gasoline prices in other regions are stable. The ex-factory prices of local refineries have fluctuated, with the price of 95 #in Shandong being lowered by 20-30 yuan/ton; the low-end price of 92 #in northwest China being lowered by 50 yuan/ton; the price of gasoline in North China being lowered by 30 yuan/ton; and the price of gasoline in other regions being stable. At present, transactions in the domestic gasoline market are light, international crude oil has closed down, purchasing enthusiasm in the middle and lower reaches has declined, and refinery shipments are average.

market outlook

The Palestinian-Israeli ceasefire negotiations have made positive progress, tensions have continued to ease, Hurricane Beryl has weakened into a tropical storm, with limited impact on oil prices. International crude oil closed down, with negative guidance, suppressing the mentality of operators entering the market. In the domestic gasoline market, in terms of demand, gasoline has improved compared with the previous period, boosted by the increase in residents 'use of vehicles for travel during the summer, coupled with the gradual rise in temperatures and the increase in the frequency of use of vehicle-mounted air conditioners. A new round of retail prices is expected to increase this week, providing good guidance. The enthusiasm for purchasing in the middle and lower reaches is average, with mainly purchasing just needs, and the market wait-and-see atmosphere has intensified. The main units have less sales pressure in the first ten days of the month and have a strong willingness to bid. Under the entangled situation of negative and positive trends, from a comprehensive perspective, under the entangled situation of negative and positive trends, the domestic gasoline market is expected to stabilize mainly in the short term, with a narrow range of fluctuations.