Gasoline Market Analysis on September 30

Gasoline Market Analysis on September 30

International crude oil closes

Gasoline price index

On September 30, China's 92 #gasoline price index was 7978.74, down 21.83, or 0.27%; China's 95 #gasoline price index was 8289.53, down 21.59, 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 310.80.

Gasoline Market Analysis:

Today, China's gasoline market is stable, with both ups and downs, with low-end prices in North China lowered by 50 yuan/ton; high-end prices in Southwest China lowered by 50 yuan/ton; low-end prices in Central China increased by 30 yuan/ton; gasoline prices in other regions were stable. The ex-factory prices of local refineries have both risen and fallen. The high-end price in Shandong has been raised by 20 yuan/ton, and the low-end price of 92 #has been lowered by 20 yuan/ton; the low-end price in northwest China has been lowered by 50-150 yuan/ton; the high-end price in East China has been raised by 20 yuan/ton; the low-end price in North China has been raised by 50 yuan/ton; the southwest has been lowered by 100 yuan/ton; gasoline prices in other regions have been stable. At present, the buying and selling atmosphere in China's gasoline market is light. Although the overall market still has a narrow range of fluctuations, it has improved compared with the previous period. Pre-holiday replenishment in the middle and lower reaches has basically ended, with only a small amount of on-demand purchases, which has eased the wait-and-see mood.

market outlook

Tensions between Israel and Lebanon and Iran continue, and the situation in the Middle East is unstable. The Federal Reserve has officially started cutting interest rates in September, and the probability of a 50 basis point rate cut in November is expected to increase.In terms of gasoline in China, the overnight rise in crude oil boosted the market to a certain extent, and the buying and selling atmosphere improved. The National Day holiday fell to the end, and the overall amount of replenishment was appropriately replenished on demand before the holidayHowever, most operators still hold a bearish attitude。At the end of the month, the completion of sales tasks of each main unit varied, and a new round of sales cycle will enter next week, but the sales pressure will not decrease. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.