Gasoline Market Analysis on August 26

Gasoline Market Analysis on August 26

International crude oil closes

Gasoline price index

On August 26, China's 92 #gasoline price index was 8739.16, down 6.61, or 0.08%; China's 95 #gasoline price index was 9029.19, down 5.06, or 0.06%. 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 290.03.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily, moderately and strongly. Among them, low-end prices in East China and North China have been increased by 20-50 yuan/ton; low-end prices in South China have been increased by 50 yuan/ton, and high-end prices in 95 #have been increased by 50 yuan/ton; gasoline prices in other regions are stable. The ex-factory prices of local refineries have been stable and rising, with more increases and less decreases. Among them, Shandong and Central China have increased by 20-47 yuan/ton; high-end prices in East China have been lowered by 20-25 yuan/ton, and the low-end prices of 92 #have increased by 10 yuan/ton, the low-end price of 95 #has been lowered by 5 yuan/ton; the low-end price of North China has increased by 30 yuan/ton; gasoline prices in other regions have stabilized. At present, transactions in China's gasoline market are moderate, procurement enthusiasm in the middle and lower reaches is high, and refineries are more willing to support prices.

market outlook

The Palestinian-Israeli peace talks continue to be deadlocked, and the conflict between Hezbollah and Israel in Lebanon has resurfaced, and the geopolitical instability has once again increased。Crude oil closed up continuously overnight, providing support from the cost side, which alleviated market bearish sentiment to a certain extent. Although the wait-and-see mood in the middle and lower reaches of China's gasoline market has improved, the demand performance has continued to be sluggish and has not improved significantly. The new round of China's retail price limits have not yet been adjusted, and the market lacks a significant positive boost. Entering the second half of the month, the sales pressure of each main unit has gradually increased, and the confidence to support prices may be lacking. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.