Gasoline Market Analysis on August 30

Gasoline Market Analysis on August 30

International crude oil closes

Gasoline price index

On August 30, China's 92 #gasoline price index was 8723.02, down 2.50, or 0.03%; China's 95 #gasoline price index was 9013.30, down 2.78, or 0.03%. 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 290.29.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly, and is concentrated on low-end prices. Among them, low-end prices in East China and Southwest China have been lowered by 50 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refining is stable and weak, with the low-end price of 95 #in Shandong being lowered by 37 yuan/ton; the high-end price of 92 #in North China being lowered by 50 yuan/ton; gasoline prices in other regions being stable. At present, the trading atmosphere in China's gasoline market is moderate. Crude oil closed up overnight. Purchasing enthusiasm in the middle and lower reaches is average, and refinery shipments are moderate.

market outlook

The Palestinian-Israeli peace talks have not yet resumed, and the situation in the Middle East is still unstable.Crude oil closed up continuously overnight,The supply side provides certain favorable support。In China, the pessimism of downstream operators has weakened, but the market lacks a significant positive boost. Coupled with the stranded expectations of a new round of retail prices, the main focus is still just in need of replenishment. Next week, we will enter a new round of sales cycle. There will be no sales pressure on each main unit, and the confidence to support prices may improve. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.