Gasoline Market Analysis on August 19

Gasoline Market Analysis on August 19

International crude oil closes

Gasoline price index

On August 19, the domestic 92 #gasoline price index was 8832.72, down 22.87, or 0.26%; the domestic 95 #gasoline price index was 9120.26, down 22.87, or 0.25%. 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 287.55.

Gasoline Market Analysis:

Today, the domestic gasoline market is operating steadily and weakly. Among them, prices in East China, North China, Northeast China, and Central China have been lowered by 25-100 yuan/ton; South China has been lowered by 30 yuan/ton; Central China has been lowered by 30-100 yuan/ton; The low-end price of 92 #in Southwest China has been increased by 20 yuan/ton, and the low-end price of 95 #has been lowered by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries have been mainly lowered, with Shandong, Northwest, East China, North China, and Central China lowering by 20-125 yuan/ton; the low-end price of 92 #in Northeast China lowering by 30 yuan/ton; and gasoline prices in other regions stabilizing. At present, transactions in the domestic gasoline market are light, procurement enthusiasm in the middle and lower reaches is average, price reduction promotions are increasing, and refinery shipments are performing poorly.

market outlook

The Palestinian-Israeli peace talks have been blocked and will resume on Wednesday. With Iran postponing its retaliation against Israel, tensions in the Middle East have temporarily eased, and international oil prices may have room to fall.。Crude oil closed down overnight, and the cost side gave negative guidance to the market. In the domestic gasoline market, demand performance is relatively stable and has not improved significantly. It continues to be weak and the summer holiday is coming to an end. There is a strong wait-and-see attitude in the middle and lower reaches, with average refinery shipments and average procurement enthusiasm. Entering the second half 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.