Gasoline Market Analysis on October 15

Gasoline Market Analysis on October 15

International crude oil closes

Gasoline price index

On October 15, China's 92 #gasoline price index was 7967.47, down 38.90, or 0.49%; China's 95 #gasoline price index was 8274.26, down 52.07, or 0.63%. 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 306.79.

Gasoline Market Analysis:

Today, the wholesale prices of main gasoline units in China are generally weak. Among them, low-end prices in East China and North China have been lowered by 20-30 yuan/ton; South China and Southwest China have been lowered by 180-200 yuan/ton; The low-end price of 95 #in Northeast China has been lowered by 60 yuan/ton; the high-end price of 92 #in Central China has been lowered by 20 yuan/ton, and the price of 95 #has been lowered by 30 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refineries has been lowered steadily and within a narrow range, with Shandong, East China, North China, and Central China lowering by 10-145 yuan/ton; gasoline prices in other regions have stabilized. Currently, the trading atmosphere in China's gasoline market is light.On the cost side, crude oil closed down continuously overnight. Under the bearish guidance of the China market, terminal demand has not improved. Most of the industry operators hold a bearish mentality and have a strong wait-and-see atmosphere. Most of them are mainly in need of purchasing and eliminating warehouses. The refinery shipments have slowed down significantly.

market outlook

In terms of international crude oil, the risk of conflict between Iran and Israel has cooled recently, and the support for prices from geopolitical factors has weakened. It is expected that there may still be room for downward adjustment of crude oil.In terms of China's gasoline, the cost side's support for prices in the China market has weakened, and the demand side has continued to be weak. There are no positive factors to stimulate it. The enthusiasm of operators to enter the market is average, and the wait-and-see attitude has intensified. In the middle of the month, the pressure on sales tasks of each main unit gradually increased, the confidence in supporting prices may weaken, and price reduction promotion operations may increase. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.