Gasoline Market Analysis on September 24

Gasoline Market Analysis on September 24

International crude oil closes

Gasoline price index

On September 24, China's 92 #gasoline price index was 8119.29, down 34.28, or 0.42%; China's 95 #gasoline price index was 8421.80, down 32.09, or 0.38%. 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 302.51.

Gasoline Market Analysis:

Today, China's gasoline market is operating weakly. Among them, low-end prices in East China, North China, Northeast China, and Southwest China have been lowered by 20-60 yuan/ton; high-end prices in South China have been lowered by 40-50 yuan/ton; Central China has been lowered by 10-100 yuan/ton; gasoline prices in other regions have been stable. The overall ex-factory price of local refineries has been mainly lowered, with Shandong, Central and Southwest regions lowering by 10-93 yuan/ton; the low-end price of 95 #in the northwest region being lowered by 50 yuan/ton; the low-end price of 92 #in the northeast region being lowered by 80 yuan/ton; The low-end price in East China has been lowered by 50-75 yuan/ton, and the high-end price of 92 #has been lowered by 95 yuan/ton; the high-end price in North China has been lowered by 50 yuan/ton; gasoline prices in other regions have been stabilized. At present, the buying and selling atmosphere in China's gasoline market is light, with the overall market decline mainly. Most of the middle and lower reaches are in urgent need of purchases. The wait-and-see attitude has intensified, and the refinery shipment speed is poor.

market outlook

The Federal Reserve's interest rate cuts and supply-side benefits remain. The United States said it will send more troops to the Middle East as the conflict between Israel and Hezbollah militants in Lebanon escalates, a move that may aggravate instability in the Middle East.In terms of gasoline in China, crude oil fell overnight, giving negative guidance. Demand side performance was weak,Procurement remains cautious and focuses on just needs。As the National Day holiday approaches, there may be a small amount of stocking operations in the middle and lower reaches, but the market still lacks significant positive results. Entering the second half of the month, the pressure on sales tasks of all main units has increased, and their willingness to bid is poor. On the whole, it is expected that China's gasoline market may decline within a narrow range in the short term.