Gasoline Market Analysis on July 22

Gasoline Market Analysis on July 22

International crude oil closes

Gasoline price index

On July 22, the domestic 92 #gasoline price index was 8983.26, down 12.64, or 0.14%; the domestic 95 #gasoline price index was 9281.54, down 10.63, or 0.11%. 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 298.28.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, the high-end price of 92 #in East China has been lowered by 50 yuan/ton; the price of 92 #in South China has been lowered by 30-50 yuan/ton; the low-end price of 92 #in Northeast China has been lowered by 20 yuan/ton; and gasoline prices in other regions have been stable. The ex-factory prices of local refineries are stable and weak, with low-end prices in Shandong and North China being lowered by 30-50 yuan/ton; high-end prices in northwest China being lowered by 50 yuan/ton; East China and Southwest China being lowered by 20-50 yuan/ton; Gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are light, there is a strong wait-and-see atmosphere in the middle and lower reaches, and refinery shipments are poor. Overall, the market lacks news guidance, and prices fluctuate with the market.

market outlook

The Palestinian-Israeli peace talks have made positive progress, but the armed conflict between Israel and Houthi has resurfaced,The instability in the Middle East continues. International crude oil closed down, and cost-side news guidance was limited, suppressing the enthusiasm of operators to enter the market. In the domestic gasoline market, boosted by residents traveling during the summer holiday, the market's wait-and-see mentality has improved, and downstream purchasing enthusiasm is still acceptable. The new round of refined oil price limits shows downward expectations, providing negative guidance to the market. Entering mid-month, the pressure on sales tasks of all main units has increased, price reduction promotions have increased, and refinery shipments have performed poorly. On the whole, it is expected that the domestic gasoline market will stabilize mainly in the short term and fluctuate within a narrow range.