Gasoline Market Analysis on November 19
International crude oil closes
Gasoline price index
On November 19, China's 92 #gasoline price index was 7803.44, an increase of 16.05 or 0.21% from yesterday; China's 95 #gasoline price index was 8117.54, an increase of 17.52 or 0.22% from yesterday. 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 314.11.
Gasoline Market Analysis:
Today, the main wholesale portion of gasoline in China continues to push up. Gasoline prices in South China, Northeast China, Southwest China and Central China have increased by 50 yuan/ton, mostly concentrated on low-end prices. The increase in gasoline in East China has been mainly increased; the ex-factory price of local refineries has increased steadily compared with yesterday's quotations, with Shandong, East China, North China, Northwest China, Central China and Southwest China increasing by 50-100 yuan/ton; quotations in other regions are stable. At present, the transaction atmosphere in China's gasoline market is good. International oil prices on the cost side have closed up. Most of China's main units and local refineries have pushed up, and some traders have entered the market to replenish goods.，As well as the improvement of market shipments yesterday, refineries 'attitude towards supporting prices increased, and the market has a strong upward atmosphere.
market outlook
In terms of international crude oil, Lebanon agreed in principle to the Lebanon-Israel ceasefire agreement. Coupled with market concerns, the unexpected production of Norway's largest oil field, and the positive OPEC production cuts continue to be effective. Under the influence of various positive factors,China's gasoline market has limited support。Gasoline is just in need of good expectations,Downstream transactions have improved, but they have remained cautious in entering the market, and the bearish sentiment has not subsided yet.。In addition, a new round of refined oil price adjustment tomorrow may fulfill stranded expectations. On the whole, it is expected that China's gasoline market will remain mainly stable in the short term, and some regions may have slight expectations for growth.
