Gasoline Market Analysis on August 27

Gasoline Market Analysis on August 27

International crude oil closes

Gasoline price index

On August 27, China's 92 #gasoline price index was 8757.57, an increase of 18.41, or 0.21%; China's 95 #gasoline price index was 9047.20, an increase of 18.01, or 0.20%. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 289.63.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and strongly. Among them, low-end prices in East China, North China, and Northeast China have been increased by 10-50 yuan/ton; South China and Central China have been increased by 30-50 yuan/ton; and the low-end price of 92 #in Southwest China has been increased by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refineries has been mainly increased, including an increase of 20-50 yuan/ton in Shandong, Central China, and Southwest China; the low-end price of 95 #in Northwest China has been increased by 50 yuan/ton; and the low-end price of North China has been increased by 15-20 yuan/ton., the high-end price of 95 #has been increased by 5 yuan/ton; gasoline prices in other regions have operated stably. At present, transactions in China's gasoline market are still good. Crude oil closed up overnight, purchasing enthusiasm in the middle and lower reaches has increased, refinery shipments have accelerated, and willingness to hold prices has increased.

market outlook

The Palestinian-Israeli peace talks continue to be deadlocked, and the conflict between Hezbollah and Israel in Lebanon has worried the market. The instability in the Middle East continues, and the obstruction of Libya crude oil exports increases supply risks.Crude oil closed up continuously overnight,The supply side provides good support。In China, the pessimism of downstream operators has eased, but demand performance continues to be sluggish. The market lacks significant positive boost, and the main focus is still on replenishment. Entering the second half of the month, the sales pressure of each main unit has gradually increased, and each main unit has different task completion degrees, and there may be insufficient confidence in supporting prices. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.