Gasoline Market Analysis on August 5

Gasoline Market Analysis on August 5

International crude oil closes

Gasoline price index

On August 5, the domestic 92 #gasoline price index was 8937.89, down 17.03, or 0.19%; the domestic 95 #gasoline price index was 9228.52, down 20.58, or 0.22%. 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 290.63.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, low-end prices in East China, North China, and Northeast China have been lowered by 20-40 yuan/ton; South China has been lowered by 30-50 yuan/ton; and the low-end price of 95 #in Southwest China has been lowered by 50 yuan/ton; High-end prices in Central China have been lowered by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refineries has been mainly lowered, with the low-end price in Shandong being lowered by 47-70 yuan/ton, the high-end price of 92 #being lowered by 50 yuan/ton, and the price of 95 #Gaodun being increased by 10 yuan/ton; the low-end price of 95 #in Northeast China is lowered by 50 yuan/ton, and the high-end price is lowered by 50 yuan/ton; the low-end price in East China is lowered by 50 yuan/ton, and the high-end price is increased by 10 yuan/ton; the North China and Central China are lowered by 10-80 yuan/ton; Gasoline prices remained stable in other regions. At present, the transaction atmosphere in the domestic gasoline market is light, downstream purchase and sales enthusiasm is average, and refinery shipment speeds are poor.

market outlook

The United States says Iran may take military action against Israel this week, but potential geopolitical risks have not yet been eliminated。International crude oil closed down, suppressing the mentality of operators, and the cost news was negative. In the domestic gasoline market, the demand side performance is weak, the market wait-and-see sentiment is increasing, the middle and lower reaches are generally enthusiastic about purchasing, and the main reason is to digest more inventories. 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.