Gasoline Market Analysis on November 15

Gasoline Market Analysis on November 15

International crude oil closes

Gasoline price index

On November 15, China's 92 #gasoline price index was 7778.27, an increase of 26.32 from yesterday, or an increase of 0.34%; China's 95 #gasoline price index was 8091.24, an increase of 24.47 from yesterday, or an increase of 0.30%. 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 312.97.

Gasoline Market Analysis:

The trading atmosphere in China's gasoline market is moderate today. The wholesale prices of main units are generally operating strongly. Prices in some regions have increased, concentrated at 50-100 yuan/ton, and concentrated at low-end prices; The overall price of local refineries has been stable and rising, with a narrow increase in Shandong, East China, North China, and Central China, with an adjustment range of 25- 1,000 yuan/ton; gasoline prices in other regions are stable.Crude oil continued to rise overnight on the cost side, U.S. oil inventories fell more than expected, and the IEA made a slight increase in its forecast for oil demand growth this year, which provides adequate support for the China gasoline market. Terminal demand is still relatively weak, and the market wait-and-see attitude still exists, but some chose opportunities to enter the market, and the overall refinery shipments are good.

market outlook

In terms of international crude oil, China's new economic expectations are positive, but the US dollar is rising strongly, and the geopolitical situation is showing signs of easing.Against the background of weak demand in the China market, the transaction situation of large orders has eased slightly, and purchases still remain dominated by just-needed purchases。On the whole, it is expected that China's gasoline market may raise expectations slightly in the short term.