Gasoline Market Analysis on September 25

Gasoline Market Analysis on September 25

International crude oil closes

Gasoline price index

On September 25, China's 92 #gasoline price index was 8113.31, down 5.98, or 0.07%; China's 95 #gasoline price index was 8414.25, down 7.55, or 0.09%. 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 300.94.

Gasoline Market Analysis:

Today, China's gasoline market is stable and has both ups and downs. Among them, low-end prices in East China and Central China have been lowered by 40-100 yuan/ton; high-end prices in South China have been increased by 40-50 yuan/ton; low-end prices in Southwest China have been increased by 30-50 yuan/ton, 95 #high-end prices; gasoline prices in other regions are stable. The ex-factory prices of local refineries have been stable and rising, with high-end prices in Shandong and East China increasing by 10 yuan/ton; the high-end prices of 92 #in Northeast China being lowered by 50 yuan/ton, and the high-end prices of 95 #being lowered by 50 yuan/ton; the high-end prices in North China being lowered by 70 yuan/ton; gasoline prices in other regions are stable. At present, the buying and selling atmosphere in China's gasoline market is moderate. Although the overall market is still experiencing a narrow downward adjustment, it has improved compared with the previous period. Most of the middle and lower reaches are in urgent need of purchases. The wait-and-see attitude has eased, and refinery shipments are average.

market outlook

The Federal Reserve's interest rate cuts and supply-side benefits still exist. The United States said that as the risk of conflict between Hezbollah and the Israeli military in Lebanon escalates, Hezbollah has recently urged Iran to launch attacks on Israel, but Iran has temporarily exercised restraint.In terms of gasoline in China, the overnight rise in crude oil boosted the market to a certain extent. The purchasing and sales atmosphere improved, and the overall amount of replenishment was appropriate.On-demand procurement is the main focus, but some operators still adopt a cautious wait-and-see attitude。As the National Day holiday approaches, there is little enthusiasm for replenishing goods before the holiday. At the end of the month, the pressure on sales tasks of all main units increased, the willingness to support prices was poor, and price reduction promotion operations increased. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.