Gasoline Market Analysis on July 10

Gasoline Market Analysis on July 10

International crude oil closes

Gasoline price index

On July 10, the domestic 92 #gasoline price index was 899.37, down 10.27, or 0.11%; the domestic 95 #gasoline price index was 9294.36, down 12.70, 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 294.99.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, with high-end prices in South China being lowered by 50 yuan/ton; low-end prices in Northwest China being lowered by 50 yuan/ton; southwest China being lowered by 30-50 yuan/ton; gasoline prices in other regions being stable. The ex-factory price of local refining is stable and weak, with high-end prices in Shandong being lowered by 20 yuan/ton; the low-end price of 92 #in northwest China being lowered by 100 yuan/ton; the high-end price in North China being lowered by 70 yuan/ton; and the southwest being lowered by 30-50 yuan/ton; gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are relatively flat, crude oil closed down, the wait-and-see attitude in the gasoline market has not diminished, and refinery shipments have performed poorly.

market outlook

Delegations from Egypt, Qatar, the United States and Israel will meet in Doha today to negotiate a Gaza ceasefire agreement. International crude oil closed down continuously, with negative guidance, suppressing the mentality of operators entering the market. In the domestic gasoline market, in terms of demand, gasoline has been boosted by the increase in the number of vehicles used by residents for summer travel, coupled with the gradual rise in temperatures and the increased frequency of use of vehicle-mounted air conditioners. This has improved compared with the previous period, but support is still limited. A new round of retail prices is expected to increase tomorrow, providing good guidance. Recently, the gasoline market has been generally light, with more pessimism in the market, and low enthusiasm among industry operators to enter the market. Entering the first ten days of the month, the pressure on sales tasks of each main unit gradually appears. With the negative and positive trends entangled, on the whole, the domestic gasoline market is expected to stabilize mainly in the short term, with narrow fluctuations.