Gasoline Market Analysis on September 4

Gasoline Market Analysis on September 4

International crude oil closes

Gasoline price index

On September 4, China's 92 #gasoline price index was 8610.21, down 45.57, or 0.53%; China's 95 #gasoline price index was 8897.53, down 48.31, or 0.54%. 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 287.32.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly. Among them, low-end prices in East China, North China, Northeast China, and Central China have been lowered by 50-100 yuan/ton; low-end prices in South China have been lowered by 100 yuan/ton, and high-end prices of 95 #have been lowered by 50 yuan/ton; 92 #high-end prices in Southwest China have been lowered by 150 yuan/ton; gasoline prices in other regions have been stable. The overall ex-factory price of local refining is weak, with the low-end price in Shandong being lowered by 97-100 yuan/ton, and the high-end price of 92 #being lowered by 50 yuan/ton; the low-end price of 95 #in Northwest China being lowered by 50 yuan/ton; the low-end price of 92 #in Northeast China is lowered by 30 yuan/ton; in East China, North China, and Central China, gasoline prices in other regions are lowered by 50-100 yuan/ton. 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 weak, and refinery shipments are not good.

market outlook

An Israeli source said that Israel has informed the mediator that it has agreed to withdraw from the "Philadelphia Corridor" during the second phase of the hostage exchange agreement, which means that the Palestinian-Israeli peace talks are still turning for the better.Crude oil closed down broadly overnight,Bearish guidance on the cost side suppresses the mentality of downstream operators entering the market。In China's gasoline market, demand continues to be sluggish, the market has a strong wait-and-see atmosphere, and transactions are light. In addition, the new round of refined oil price adjustments has shifted from stranded to lowered expectations. 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.