Gasoline Market Analysis on October 9

Gasoline Market Analysis on October 9

International crude oil closes

Gasoline price index

On October 9, China's 92 #gasoline price index was 8065.41, down 15.72, or 0.19%; China's 95 #gasoline price index was 8372.44, down 20.47, or 0.24%. 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 307.03.

Gasoline Market Analysis:

Today, the wholesale price of main gasoline units in China has been steadily reduced in a narrow range, and concentrated on low-end prices. Among them, the low-end prices in North China and Southwest China have been lowered by 50 yuan/ton; the low-end price of 95 #in Northeast China has been increased by 10 yuan/ton; Gasoline prices in other regions are stable. The ex-factory prices of local refineries have both risen and fallen. The low-end price in Shandong has been lowered by 50 yuan/ton, and the high-end price of 92 #has been lowered by 40 yuan/ton; East China and Southwest China have been lowered by 30-50 yuan/ton; the high-end price in North China has been lowered by 70 yuan/ton; Central China has increased by 50 yuan/ton; gasoline prices in other regions have stabilized. At present, the trading atmosphere in China's gasoline market is light, and the overall situation has been corrected compared with the period, continuing its weak operation. After the holiday, gasoline demand fell, and the enthusiasm for replenishing goods was average. Most of them needed to buy them. In addition,International crude oil closed down broadly overnight, and the marketThe wait-and-see mood is gradually rising.

market outlook

In terms of international crude oil, the conflict between Iran and Israel has not deteriorated yet, but it is still possible to escalate. The Lebanon situation has eased, and it is expected that there is still room for downward adjustment of crude oil.In terms of gasoline in China, there is no obvious effective guidance on the cost side. The replenishment situation after the holiday fell short of expectations, and weak demand side remained the main negative. In the first half of the month, the pressure on sales tasks of each main unit has been alleviated,In addition, a new round of retail price limits for refined oil products may be expected to be lowered。Overall, China's gasoline market is expected to decline in a narrow range in the short term.