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Gasoline Market Analysis on August 2

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August 2, 2024, 5:16 PM

Gasoline Market Analysis on August 2

International crude oil closes


Gasoline price index

On August 2, the domestic 92 #gasoline price index was 8954.92, down 3.30, or 0.04%; the domestic 95 #gasoline price index was 9249.09, down 5.43, or 0.06%. 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 294.17.


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Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak, with slight adjustments in the region. Among them, the low-end price in North China has been lowered by 30 yuan/ton; the high-end price of 95 #in Northeast China has been lowered by 150 yuan/ton; the low-end price of 92 #in Southwest China has been increased by 50 yuan/ton; Gasoline prices in other regions are stable. The ex-factory price of local refineries is stable and weak, with Shandong being lowered by 10-30 yuan/ton; high-end prices in East China being increased by 10-20 yuan/ton; low-end prices in North China being lowered by 10-30 yuan/ton, and high-end prices of 95 #being lowered by 20 yuan/ton; gasoline prices in other regions are stable. At present, the transaction atmosphere in the domestic gasoline market has weakened, downstream procurement enthusiasm has declined, and refinery shipments have been average.


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market outlook

The Palestinian-Israeli peace talks have basically broken down, and the geopolitical situation still has potential risks. The United States and Israel are engaged in dialogue to prevent further escalation of the situation in the Middle East。International crude oil closed down, suppressing the mentality of operators, and the cost news was negative. In the domestic gasoline market, the demand side's performance is weak, the market wait-and-see atmosphere is gradually rising, and the enthusiasm for purchasing in the middle and lower reaches has declined, and stocks are mainly temporarily digested. Entering the beginning of the month and entering the new sales cycle, all main units may be more willing to support prices. It is expected that the domestic gasoline market will remain stable in the short term and fluctuate within a narrow range.