Gasoline Market Analysis on November 13

Gasoline Market Analysis on November 13

International crude oil closes

Gasoline price index

On November 13, China's 92 #gasoline price index was 7750.63, down 5.52 from yesterday, or 0.07%; China's 95 #gasoline price index was 8071.66, down 6.41 from yesterday, or 0.08%. 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 321.03.

Gasoline Market Analysis:

The trading atmosphere in China's gasoline market is light today, and the wholesale prices of the main units are generally weak. The reduction in the northwest region, northeast region and southwest region is between 5-100 yuan/ton, and is concentrated on low-end prices; Low-end machines in North China have been raised by 50 yuan/ton nationwide; the overall ex-factory prices of local refineries have been stable and rising, with Shandong and East China having a narrow range of increases, with an adjustment range of 20-30 yuan/ton; The northwest and northeastern regions experienced a narrow decline, with the range concentrated at 50-100 yuan/ton; gasoline prices in other regions were stable.Crude oil rebounded overnight on the cost side. According to a report by the US "Wall Street Journal", people informed of President-elect Trump's early plans revealed that Trump may adopt a "radical strategy" against Iran, and OPEC has lowered its oil demand growth forecast for several consecutive months. Guidance on the gasoline market in China is limited. There is insufficient follow-up of downstream demand, more purchases are mainly based on demand, and the market is highly bearish.Refinery prices are limited。

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, demandcontinues to be weak, remain cautious in entering the market。In addition, the new round of price limit adjustments is expected to be lowered, and the news is in a negative direction. Overall, it is expected that China's gasoline market may maintain a slight decline in the short term.