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Gasoline Market Analysis on August 9
International crude oil closes
Gasoline price index
On August 9, the domestic 92 #gasoline price index was 8873.60, down 49.66, or 0.56%; the domestic 95 #gasoline price index was 9165.45, down 50.97, or 0.55%. 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 291.85.
Gasoline Market Analysis:
Today, the domestic gasoline market is stable and weak. Among them, low-end prices in East China, South China, and Central China have been lowered by 30-50 yuan/ton; high-end prices in South China, North China, and Northwest China have been lowered by 100-342 yuan/ton; The high-end price of 92 #in Northeast China has been lowered by 100 yuan/ton; the low-end price of 95 #in Southwest China has been lowered by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries have been stable and rising, with 92 #in Shandong being lowered by 13-40 yuan/ton; the high-end price of 95 #in Southwest China being increased by 10 yuan/ton; the low-end price of 95 #in other regions being increased by 50 yuan/ton; 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 are average.
market outlook
The United States says a Palestinian-Israeli ceasefire agreement is expected to be reached soon, but the tense standoff between Israel and Iran continues。Crude oil closed higher overnight, and narrow adjustments provided limited market guidance. Domestic gasoline market demand is weak, boosted by a lack of positive factors. A new round of refined oil price adjustments is now in line with expectations of a downward adjustment. 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.
