Gasoline Market Analysis on September 10

Gasoline Market Analysis on September 10

International crude oil closes

Gasoline price index

On September 10, China's 92 #gasoline price index was 8422.18, down 18.87, or 0.22%; China's 95 #gasoline price index was 8721.78, down 16.49, or 0.19%. 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 299.60.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly. Among them, low-end prices in East China have been raised by 30 yuan/ton; low-end prices in South China have been lowered by 50 yuan/ton, and high-end prices of 95 #have been lowered by 50 yuan/ton; low-end prices in Northwest and Northeast China have been lowered by 5-100 yuan/ton; high-end prices in Southwest China have been lowered by 110-200 yuan/ton; gasoline prices in other regions have been stable. The overall ex-factory price of local refining has risen and fallen, with the low-end price of 92 #in Shandong being lowered by 13 yuan/ton; the high-end price of 92 #in northwest region being lowered by 100 yuan/ton, and the high-end price of 95 #being lowered by 100 yuan/ton; the low-end price of North China is increased by 20 yuan/ton, and the high-end price of 95 #is increased by 20 yuan/ton; the central region is increased by 20 yuan/ton; the southwest region is lowered by 100 yuan/ton; gasoline prices in other regions are stable. At present, the trading atmosphere in China's gasoline market is generally general. Crude oil closed up overnight, purchasing enthusiasm in the middle and lower reaches is weak, and refinery shipments are not good.

market outlook

Hurricanes along the U.S. Gulf Coast pose potential supply risks, and several oil-producing countries have said they will make compensatory production cuts.Crude oil closed higher overnight,It has boosted the market to a certain extent, but the confidence of operators to chase the increase is still insufficient。In terms of China's gasoline market, demand continues to be sluggish, with sales and purchases mainly needed. Coupled with the new round of price adjustments for refined oil products, the mentality of the industry is still on the sidelines. 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.