Gasoline Market Analysis on August 23

Gasoline Market Analysis on August 23

International crude oil closes

Gasoline price index

On August 23, China's 92 #gasoline price index was 8745.77, down 4.50, or 0.05%; China's 95 #gasoline price index was 9034.25, down 4.87, 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 288.49.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly. Among them, low-end prices in East China, Northwest China, and Central China have been lowered by 50-100 yuan/ton; low-end prices in Northeast China have been lowered by-20 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries have been stable and rising, with low-end prices in Shandong being lowered by 20 yuan/ton, and the high-end prices of 92 #being increased by 20 yuan/ton; the high-end prices of 92 #in Northwest China being lowered by 100 yuan/ton, and the high-end prices of 95 #being lowered by 100 yuan/ton; 92 #in East China was increased by 5 yuan/ton; gasoline prices in other regions were stable. At present, transactions in China's gasoline market are light, there is a strong wait-and-see atmosphere in the middle and lower reaches, price reduction promotions have increased, and refinery shipments have performed poorly.

market outlook

Palestinian-Israeli peace talks have once again reached a deadlock. Iran says the risk of potential conflict still exists and the instability of the geopolitical situation has once again increased。Crude oil closed higher overnight, with the cost side providing some support. In China's gasoline market, demand performance continues to be weak and has not improved significantly. The new round of China's retail price limits have not yet been adjusted. Market guidance is limited, and wait-and-see sentiment in the middle and lower reaches has improved. Entering the second half of the month, the sales pressure of all main units has gradually increased, and there is little willingness to hold prices, and price reduction promotion activities are frequent. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.