Gasoline Market Analysis on August 16

Gasoline Market Analysis on August 16

International crude oil closes

Gasoline price index

On August 16, the domestic 92 #gasoline price index was 8850.33, down 2.79, or 0.03%; the domestic 95 #gasoline price index was 9137.56, down 3.12, or 0.03%. 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 287.23.

Gasoline Market Analysis:

Today, the domestic gasoline market is operating stably, with a narrow range of adjustments within the region. Among them, the high-end price of 95 #in South China has been increased by 30 yuan/ton; the price of gasoline in Central China has been lowered by 20-80 yuan/ton; and gasoline prices in other regions have been stable. The stability of ex-factory prices of local refineries is mainly adjusted in Xinhaifu in some regions. Among them, the low-end price of 92 #in Shandong has been increased by 17 yuan/ton; the low-end price in North China has been reduced by 80 yuan/ton; and gasoline prices in other regions have been stable. At present, transactions in the domestic gasoline market are flat, and a wait-and-see atmosphere still exists. The enthusiasm for purchasing in the middle and lower reaches is not high, and demand support is insufficient.

market outlook

The Palestinian-Israeli ceasefire negotiations have once again been blocked, the risk of Iran taking military action against Israel has resurfaced, and geopolitical instability has increased. International oil prices may have room to fall。Crude oil closed higher overnight, but the cost side had limited support for the market. In the domestic gasoline market, demand performance is relatively stable, with no significant improvement and continues to be weak. The wait-and-see atmosphere in the middle and lower reaches remains unchanged. Refinery shipments perform generally, and procurement tends to be cautious. Entering the middle of the month, the sales pressure of all main units has gradually increased, and the confidence to support prices has weakened. Overall, it is expected that the domestic gasoline market will fluctuate within a narrow range in the short term.