Gasoline Market Analysis on September 9

International crude oil closes

Gasoline price index

On September 9, China's 92 #gasoline price index 8441.05 was lowered by 74.70, or 0.88%; China's 95 #gasoline price index 8738.27 was lowered by 71.21, or 0.81%. 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 297.21.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly. Among them, the price of 92 #in East China and Southwest China has been lowered by 40-150 yuan/ton, and the low-end price of 95 #has been lowered by 100-150 yuan/ton; the low-end price of South China, North China, and Northeast China has been lowered by 20-100 yuan/ton; Central China has been lowered by 100-200 yuan/ton; gasoline prices in other regions have been stable. The overall ex-factory price of local refineries has been mainly lowered, with Shandong, Northeast, East China, North China, and Central China down by 23-130 yuan/ton; the low-end price of 95 #in Northwest China down by 100 yuan/ton; and gasoline prices in other regions running steadily. At present, the trading atmosphere in China's gasoline market is weak. Crude oil closed down overnight. Purchasing enthusiasm in the middle and lower reaches is weak, and refinery shipments are not good.

market outlook

Kazakhstan's Ministry of Energy said it plans to make compensatory crude oil cuts during oil field maintenance in October, and OPEC+ production cuts will be implemented until at least the end of November.Crude oil closed down overnight,Support on the cost side is weak, and negative guidance guides the market。In terms of China's gasoline market, demand continues to be sluggish, and the market has a strong wait-and-see atmosphere, with the main focus on purchase and sales. In addition, the new round of refined oil price adjustments has been lowered. Entering the middle of the month, there is no sales pressure on each main unit, and the confidence to support prices may have improved. On the whole, coupled with the Mid-Autumn Festival next week, some downstream operators may stock up before the festival. It is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.