Gasoline Market Analysis on August 20

Gasoline Market Analysis on August 20

International crude oil closes

Gasoline price index

On August 20, the domestic 92 #gasoline price index was 8796.06, down 36.66, or 0.42%; the domestic 95 #gasoline price index was 9083.14, down 37.12, or 0.41%. 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 287.09.

Gasoline Market Analysis:

Today, the domestic gasoline market is operating steadily and weakly. Among them, the high-end price of 92 #in East China has been lowered by 50 yuan/ton; the low-end price of South China, North China, Northeast China, and Southwest China has been lowered by 30-70 yuan/ton; and the 92 #in Central China has been lowered by 30-90 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refineries has been mainly lowered, with Shandong, Northeast, East China, Central China, and Southwest China lowered by 20-30 yuan/ton; the low-end price of 95 #in Northwest China lowered by 50 yuan/ton; the low-end price of North China lowered by 50-100 yuan/ton; gasoline prices in other regions were stable. At present, transactions in the domestic gasoline market are light, procurement enthusiasm in the middle and lower reaches is average, and price reduction promotion operations are increasing.

market outlook

The Palestinian-Israeli peace talks will resume on Wednesday, and Iran has postponed retaliatory actions against Israel. Foreign media said that Netanyahu reassured the United States to agree to a ceasefire agreement, but pressured his men to negotiate tough, and international oil prices may have room to fall.。Crude oil closed down broadly overnight, with bearish guidance on the cost side, suppressing the mentality of downstream players entering the market. In the domestic gasoline market, demand performance continues to be weak and has not improved significantly. In addition, the summer holiday is coming to an end. There is a strong wait-and-see attitude in the middle and lower reaches, with refinery shipments performing generally and purchasing enthusiasm relatively weak. Entering the second half of the month, the sales pressure of each main unit has gradually increased, and the willingness to bid is relatively low. Overall, it is expected that the domestic gasoline market will fluctuate within a narrow range in the short term.