Gasoline Market Analysis on August 7

Gasoline Market Analysis on August 7

International crude oil closes

Gasoline price index

On August 7, the domestic 92 #gasoline price index was 8919.75, down 9.73, or 0.11%; the domestic 95 #gasoline price index was 9213.41, down 4.39, or 0.05%. 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 293.66.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, the high-end price of 92 #in East China has been lowered by 40 yuan/ton; the high-end price of 92 #in Northeast China has been lowered by 10-50 yuan/ton; the low-end price of southwest China has been lowered by 20-70 yuan/ton; and gasoline prices in other regions have been stable. The ex-factory price of local refining is stable and weak, with the high-end price of 92 #in Shandong increased by 13 yuan/ton; the low-end price of 92 #in Northeast China decreased by 20 yuan/ton; the price of 20-30 yuan/ton in East China and Central China; and gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are relatively flat, with no significant improvement on the demand side. Procurement enthusiasm in the middle and lower reaches is average, and refinery shipments perform poorly.

market outlook

The atmosphere of tightening the situation in the Middle East still exists, but relations between Iran and Israel have not yet escalated or deteriorated further.。Crude oil closed higher overnight, supporting market mentality. Domestic gasoline market demand is weak and has no holiday support, lacking positive factors to boost it. The middle and lower reaches have a strong wait-and-see attitude, a heavy bottom-hunting mentality, and small orders just need to purchase. The new round of crude oil change rate has extended negatively, and the expected reduction in retail price limits has been significantly reduced. The market mentality is short. 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.