Gasoline Market Analysis on September 13

Gasoline Market Analysis on September 13

International crude oil closes

Gasoline price index

On September 13, China's 92 #gasoline price index was increased by 1.09, or 0.01% to 8,360.96; China's 95 #gasoline price index was increased by 1.07, or 0.01% to 8,655.58. 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 294.62.

Gasoline Market Analysis:

Today, China's gasoline market is stable and rising, with low-end prices in East China lowered by 30 yuan/ton; low-end prices in South China increased by 30 yuan/ton, and high-end prices in 95 #increased by 10 yuan/ton; high-end prices in Southwest China increased by 50 yuan/ton; high-end prices in Central China increased by 50 yuan/ton, and low-end prices in 95 #decreased by 20 yuan/ton; gasoline prices in other regions were stable. The ex-factory price of local refining is stable and weak. The high-end price in Shandong has been lowered by 70 yuan/ton, and the low-end price of 92 #has been increased by 30 yuan/ton; the low-end price of 95 #in northwest China has been lowered by 50 yuan/ton; the high-end price in East China has been lowered by 75-90 yuan/ton, and the low-end price of 92 #has been lowered by 15 yuan/ton; gasoline prices in other regions have been operating stably. At present, the trading atmosphere in China's gasoline market is light, but it has warmed up compared with the past. Procurement in the middle and lower reaches remains cautious, wait-and-see mood still exists, and refinery shipments are not good.

market outlook

The probability of the Federal Reserve cutting interest rates by 25 basis points in September exceeds 70%. The National Hurricane Research Center said that the subsequent impact of Hurricane Francine on the oil industry may decline.Crude oil continued to rise overnight, boosting the market to a certain extent. In terms of China's gasoline, although the overall market trading atmosphere has warmed up due to the impact of crude oil costs, the negative atmosphere on the demand side has not been substantially alleviated. As the Mid-Autumn Festival approaches, some middle and lower reaches traders are stocking up during the Mid-Autumn Festival. Prices generally stopped falling and stabilized, with sporadic increases. In mid-August, there was no sales pressure on all main units, and their confidence in supporting prices may have improved. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.