Gasoline Market Analysis on September 2

Gasoline Market Analysis on September 2

International crude oil closes

Gasoline price index

On September 2, China's 92 #gasoline price index was 8,675.78, down 47.24, or 0.54%; China's 95 #gasoline price index was 8,969.08, down 44.22, or 0.49%. 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 293.30.

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 light. Crude oil closed down overnight. Purchasing enthusiasm in the middle and lower reaches is average, and refinery shipments are not good.

market outlook

The Palestinian-Israeli peace talks have not yet resumed, and the instability in the Middle East continues.Crude oil closed down continuously overnight,Cost-side support weakens。In China, the enthusiasm of downstream operators to enter the market has been frustrated, and they are more bearish and mainly wait and see through the elimination of assets. Entering a new round of sales cycle, each main unit has no sales pressure, and the confidence to support prices may have improved. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.