Gasoline Market Analysis on July 16

Gasoline Market Analysis on July 16

International crude oil closes

Gasoline price index

On July 16, the domestic 92 #gasoline price index was 8998.00, down 3.31, or 0.04%; the domestic 95 #gasoline price index was 9295.00, down 7.38, or 0.08%. 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.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, with a reduction of 40 yuan/ton in North China; a reduction of 30 yuan/ton in the low-end price of 92 #in Southwest China; and gasoline prices in other regions are stable. The ex-factory price of local refineries is stable and weak, with Shandong and northwest regions lowering by 20-50 yuan/ton; the low-end price of 92 #in East China is lowered by 20 yuan/ton, the high-end price is increased by 40 yuan/ton, and the low-end price of 95 #is increased by 20 yuan/ton; Central China is lowered by 50 yuan/ton; gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are still good. Crude oil closed down. The wait-and-see attitude in the gasoline market has intensified. There are no positive factors in the market to stimulate, refinery shipments have performed poorly, and price reduction promotions have increased.

market outlook

There is no latest progress in the Palestinian-Israeli ceasefire negotiations and there is a possibility of deadlock.International crude oil closed down, with limited cost-side support. The news was negative, suppressing the enthusiasm of industry operators to enter the market. In the domestic gasoline market, in terms of demand, the overall market demand is stable due to the increase in the frequency of car use and car air conditioners used by residents during summer travel. Recently, the gasoline market has been sluggish, market pessimism has intensified, downstream procurement enthusiasm is average, and just-needed procurement is the main focus. Entering the middle of the month, the pressure on sales tasks of all main units has increased, and their willingness to bid may decrease. On the whole, it is expected that the domestic gasoline market will stabilize mainly in the short term and fluctuate within a narrow range.