Gasoline Market Analysis on October 14

Gasoline Market Analysis on October 14

International crude oil closes

Gasoline price index

On October 14, China's 92 #gasoline price index was 8006.37, down 32.17, or 0.40%; China's 95 #gasoline price index was 8326.33, down 19.16, or 0.23%. 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 319.96.

Gasoline Market Analysis:

Today, the wholesale prices of main gasoline units in China are stable and weak, and are concentrated at low-end prices. Among them, the high-end price of 92 #in South China has been lowered by 50 yuan/ton; the low-end price in North China, Northwest China, and Central China has been lowered by 50-150 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refining has been lowered steadily and within a narrow range, with Shandong, Northwest, North China, and Central China lowering by 50-200 yuan/ton; the low-end price of 92 #in East China has been lowered by 50 yuan/ton, and the high-end price of 92 #has been increased by 15 yuan/ton, 95 #has been lowered by 50-80 yuan/ton; gasoline prices in other regions have been stable. At present, the trading atmosphere in China's gasoline market is light. The international crude oil market is closed on weekends. There is no effective guidance in the refined oil market. The overall contradiction between supply and demand in the market has returned to the dominant position. After the holiday, gasoline terminal demand continues to be weak. Most of them are bearish and have a strong wait-and-see atmosphere. There is general enthusiasm for purchasing in the middle and lower reaches, and refinery shipments have slowed down significantly, with shipments dominated.

market outlook

In terms of international crude oil, the risk of conflict between Iran and Israel has declined recently, and the situation in the Middle East has once again shown signs of easing. It is expected that there may still be room for downward adjustment of crude oil. In terms of China's gasoline, the cost side guides the price in the China market. Weak demand side is still the main negative. Downstream stocking enthusiasm is average, and most of them are just in need of purchases. In the middle of the month, the pressure on sales tasks of each main unit gradually increased, and the confidence in supporting prices may weaken. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.