Gasoline Market Analysis on July 24

Gasoline Market Analysis on July 24

International crude oil closes

Gasoline price index

On July 24, the domestic 92 #gasoline price index was 8971.69, down 9.86, or 0.11%; the domestic 95 #gasoline price index was 9269.12, down 9.85, 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 297.43.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, the low-end price of 95 #in North China has been lowered by 40 yuan/ton; the low-end price of 92 #in North China and Southwest China has been lowered by 50 yuan/ton; and the low-end price of 92 #in North China and Southwest China has been lowered by 10-20 yuan/ton. The ex-factory price of local refineries has been mainly lowered, with Shandong, Northwest, East China, Central China, and Southwest China lowered by 10-100 yuan/ton; the low-end price of 92 #in Northeast China lowered by 20 yuan/ton; the low-end price of North China lowered by 20 yuan/ton; gasoline prices in other regions were stable. At present, transactions in the domestic gasoline market are light, and there is a strong wait-and-see atmosphere in the middle and lower reaches. Procurement is mainly in need, the willingness to replenish is not strong, and refinery shipments are poor.

market outlook

Israeli Prime Minister Benjamin Netanyahu visited Washington and addressed the. Congress,Expectations for a Palestinian-Israeli ceasefire increase. 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, market shipment performance was weak, and the wait-and-see atmosphere in the middle and lower reaches was strong.The new round of NDRC price adjustment and deposit reduction expectationsIn view of the market's negative guidance, in addition, the pressure on main units is increasing near the end of the month, and the middle and lower reaches are mainly in need of goods, and more price reductions are required to deliver goods out of the warehouse. Overall, the domestic gasoline market is expected to decline within a narrow range in the short term.