Gasoline Market Analysis on November 12

Gasoline Market Analysis on November 12

International crude oil closes

Gasoline price index

On November 12, China's 92 #gasoline price index was 7756.15, down 20.48 or 0.26% from yesterday; China's 95 #gasoline price index was 8078.07, down 18.58 or 0.23% from yesterday. 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 321.92.

Gasoline Market Analysis:

Today, the trading atmosphere in China's gasoline market is light, and the wholesale prices of main units are generally weak, with the reduction range being 5-100 yuan/ton, and most of them are concentrated at low-end prices. The overall price of local refineries is stable, with both ups and downs. Among them, Shandong and Northeast China have experienced a narrow decline, with the range concentrated at 10-50 yuan/ton; high-end prices in Northwest and East China have increased by 20-50 yuan/ton; gasoline prices in other regions are stable.Crude oil fell overnight on the cost side for two consecutive days, geopolitical tensions in the Middle East further eased, and the strong upward trend of the US dollar provided general support for the China gasoline market. Terminal demand performance is average, with most purchases in the middle and lower reaches mainly on demand, and the bearish mood is heavy. There are equipment involved in maintenance in East China.refinery shipmentThe speed is okay.

market outlook

In terms of international crude oil, Trump's ruling strategy may have a negative impact on oil prices, coupled with the easing of the geopolitical situation.In terms of gasoline in China, demand performance is average, boosted by a lack of positive factors. Small orders are mainly completed and purchased, and the market's wait-and-see attitude has intensified. Overall, China's gasoline market is expected to operate weakly in the short term.