Gasoline Market Analysis on July 17

Gasoline Market Analysis on July 17

International crude oil closes

Gasoline price index

On July 17, the domestic 92 #gasoline price index was 8,990.81, down 7.19, or 0.08%; the domestic 95 #gasoline price index was 9,287.76, down 7.24, 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 296.96.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, with low-end prices in South China being lowered by 50 yuan/ton; low-end prices in Southwest China being lowered by 20 yuan/ton; central China being lowered by 30-50 yuan/ton; gasoline prices in other regions being stable. The ex-factory prices of local refineries have both risen and fallen, with Shandong and Southwest regions lowering by 14-20 yuan/ton; the low-end price of 95 #in Northwest China has been lowered by 100 yuan/ton, the high-end price has been lowered by 50 yuan/ton, and the high-end price of 92 #has been lowered by 50 yuan/ton; the low-end price in East China has been lowered by 30 yuan/ton; the low-end price in North China has been increased by 20-40 yuan/ton, and the low-end price of 95 #has been lowered by 20 yuan/ton; gasoline prices in other regions have been stable. At present, transactions in the domestic gasoline market are light, crude oil closed down, and wait-and-see sentiment 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,The United States has met with Israeli delegations to discuss addressing threats from Iran and the wider region,Israel expressed its full support for the US proposal.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, the overall demand is average. Recently, the gasoline market has been sluggish, the market has a strong wait-and-see attitude, 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.