Gasoline Market Analysis on August 6

Gasoline Market Analysis on August 6

International crude oil closes

Gasoline price index

On August 6, the domestic 92 #gasoline price index was 8929.48, down 8.41, or 0.09%; the domestic 95 #gasoline price index was 9217.80, down 10.72, or 0.12%. 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 288.32.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, 92 #prices in East China have been lowered by 30-50 yuan/ton, and 95 #low-end prices have been lowered by 30 yuan/ton; low-end prices in Central China have been lowered by 20 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refineries is stable and weak, with a reduction of 30-50 yuan/ton in North China and Central China; gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are light, international crude oil is mostly volatile, and market guidance is limited. The demand side is relatively weak, and the middle and lower reaches have a wait-and-see mentality, mainly eliminating warehouses. Refineries appropriately adjust their quotations according to their own conditions to stimulate shipments.

market outlook

The United States says Iran may take military action against Israel this week, but potential geopolitical risks still exist。International crude oil closed down, suppressing the mentality of operators, and the cost news was negative. The domestic gasoline market demand is weak and has no holiday support. The lack of positive factors has boosted the gasoline market. There is a strong wait-and-see attitude in the middle and lower reaches, and small orders just need to be purchased. The new round of crude oil change rate has extended negatively, negative for the mentality of market operators, and retail price limits are about to be lowered. On the whole, it is expected that the domestic gasoline market will remain mainly stable in the short term and fluctuate within a narrow range.