Gasoline Market Analysis on September 14

International crude oil closes

Gasoline price index

On September 14, China's 92 #gasoline price index was 8353.86, down 7.10, or 0.08%; China's 95 #gasoline price index was 8642.59, down 12.99, or 0.15%. 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 288.72.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly, and is concentrated on low-end prices. Among them, the high-end price of 92 #in South China has been lowered by 90 yuan/ton; the low-end price of North China has been lowered by 50 yuan/ton; the low-end price of 92 #in Northeast China has been lowered by 25 yuan/ton; the low-end price of Southwest and Central China has been lowered by 50-850 yuan/ton; gasoline prices in other regions have been stable. The ex-factory price of local refining has been steadily lowered. The high-end price in Shandong has been lowered by 50 yuan/ton, and the low-end price of 92 #has been lowered by 70 yuan/ton; the low-end price of 92 #in Northeast China and North China has been lowered by 10-60 yuan/ton; East China, Central China and Southwest China have been lowered by 30-150 yuan/ton; gasoline prices in other regions have been operating stably. At present, the buying and selling atmosphere in China's gasoline market has become weaker. In particular, the low-end price of 95 #in the southwest has declined. Procurement in the middle and lower reaches has remained cautious. The wait-and-see attitude has increased, and the speed of refinery shipments has declined.

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.In terms of China's gasoline, crude oil stopped rising and fell back,Once again, the mentality of market operators has been hit, and the wait-and-see atmosphere at the terminal has intensified.Procurement enthusiasm has weakened, but the negative atmosphere on the demand side has not been substantially alleviated. Although the Mid-Autumn Festival and National Day holidays are approaching, demand falls short of expectations, and most of the middle and lower reaches meet the needs of purchasing. 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.