Gasoline Market Analysis on September 11

Gasoline Market Analysis on September 11

International crude oil closes

Gasoline price index

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly, and is mainly concentrated on low-end prices. Among them, low-end prices in East China, North China, Northeast China, and Southwest China have been lowered by 40-100 yuan/ton; low-end prices in South China have been lowered by 100 yuan/ton, 95 #high-end prices are lowered by 50 yuan/ton; Central China has been lowered by 50 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refining has been lowered overall, ranging from 30 to 200 yuan/ton. At present, the trading atmosphere in China's gasoline market is light. Crude oil closed down widely overnight. Purchasing enthusiasm in the middle and lower reaches is weak, and refinery shipments are not good.

market outlook

Saudi Arabia and OPEC have not yet expressed their stance on the continued decline in oil prices to support the market, which has continued to worry in the market.Crude oil fell broadly overnight, suppressing the mentality of downstream players entering the market. In terms of China's gasoline, affected by the cost of crude oil, the market wait-and-see atmosphere has intensified, and the enthusiasm for purchasing in the middle and lower reaches has been frustrated. The Mid-Autumn Festival will be interspersed next week to alleviate the bearish market to a certain extent. Entering the middle of the month, there is no sales pressure on each main unit, 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.