Gasoline Market Analysis on September 3

Gasoline Market Analysis on September 3

International crude oil closes

Gasoline price index

On September 3, China's 92 #gasoline price index was 8,655.78, down 20, or 0.23%; China's 95 #gasoline price index was 8,945.84, down 23.24, or 0.26%. 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 290.06.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly, with high-end prices in South China being lowered by 20 yuan/ton; low-end prices in Northwest China being lowered by 50 yuan/ton; central China being lowered by 70-300 yuan/ton; gasoline prices in other regions being stable. The ex-factory prices of local refineries are stable and weak, with the low-end price of 95 #in Shandong being lowered by 3 yuan/ton; the low-end price in northwest China being lowered by 50-100 yuan/ton; the low-end price in North China being lowered by 30 yuan/ton; and gasoline prices in other regions running stably. 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's gasoline market, middle and lower reaches still have a wait-and-see attitude, and they are mainly in need of replenishment. 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.