Gasoline Market Analysis on October 11

Gasoline Market Analysis on October 11

International crude oil closes

Gasoline price index

On October 11, China's 92 #gasoline price index was 8045.96, an increase of 4.53, or an increase of 0.06%; China's 95 #gasoline price index was 8352.55, an increase of 3.84, or an increase of 0.05%. Both the 92 #gasoline index and the 95 #gasoline index were raised, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 306.59.

Gasoline Market Analysis:

Today, the wholesale prices of main gasoline units in China are stable and rising. Among them, the high-end price in North China has been increased by 143-148 yuan/ton; the high-end price of 92 #in Northeast China has been increased by 50 yuan/ton, and the low-end price of 95 #has been increased by 10 yuan/ton; the low-end price in Southwest China has been lowered by 30 yuan/ton; the low-end price of 92 #in Central China has been increased by 20 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refineries has been increased steadily and within a narrow range, with an increase of 20 yuan/ton in East China; the low-end price in North China increased by 10 yuan/ton; and gasoline prices in other regions remained stable. At present, the trading atmosphere in China's gasoline market is still good.International crude oil closed up overnight. Although the positive market pull was limited, a new round of price adjustments showed broad upward expectations. DownstreamProcurement enthusiasm is still improving compared with yesterday, and refinery shipments are still acceptable.

market outlook

In terms of international crude oil, the market is still worried that Israel may attack Iran's oil facilities, but the conflict between the two sides has not deteriorated further, and it is expected that there is still room for downward adjustment of crude oil.In terms of gasoline in China, the cost side is limited due to market support, and weak demand side is still the main negative. Near the middle of the month, the pressure on sales tasks of each main unit has gradually increased, and the confidence in supporting prices may have weakened. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.