Gasoline Market Analysis on July 26

Gasoline Market Analysis on July 26

International crude oil closes

Gasoline price index

On July 26, the domestic 92 #gasoline price index was 8945.55, down 23.08, or 0.26%; the domestic 95 #gasoline price index was 9241.54, down 24.97, or 0.27%. 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 295.99.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, with high-end prices in South China, North China, and Northwest China being lowered by 154-260 yuan/ton; the low-end price of 95 #in North China being lowered by 40 yuan/ton; the low-end price of 92 #in Northeast China being lowered by 20 yuan/ton; gasoline prices in other regions are stable. The ex-factory prices of local refineries have been mainly increased steadily, with high-end prices in East China increasing by 20 yuan/ton; the low-end price of 92 #in Northeast China decreasing by 20 yuan/ton; the low-end price in North China decreasing by 20 yuan/ton; and gasoline prices in other regions stabilizing. 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 needed, the willingness to replenish is not strong, and refinery shipments are average.

market outlook

US President Biden holds bilateral talks with Israeli Prime Minister Benjamin Netanyahu, and Palestinian-Israeli peace talks will continue to advance。International crude oil closed up higher, with limited cost-side news guidance, 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 adjustments fulfills 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.