June 11 Gasoline Market Analysis
International crude oil closes
Gasoline price index
On June 11, China's 92 #gasoline price index was 899.65, up 8.97, or 0.10%; China's 95 #gasoline price index was 9289.09, up 8.64, or 0.09%. 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 289.44.
Gasoline Market Analysis:
Today, China's gasoline market is stable, medium and strong, and concentrated on low-end prices. Among them, low-end prices in East China, North China, Southwest China, and Central China have been increased by 10-100 yuan/ton; the low-end price of 95 #in Northeast China has been increased by 30 yuan/ton, high-end prices have been lowered by 100 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refining have both risen and fallen, among which the low-end price in Shandong has been lowered by 20-50 yuan/ton, and the high-end price has been increased by 94-100 yuan/ton; the price of 92 #in Northwest China has been increased by 50-100 yuan/ton, and the low-end price of 95 #has been lowered by 100 yuan/ton, and the high-end price has been increased by 100 yuan/ton; the low-end price of 92 #in Northeast China has been increased by 6 yuan/ton; the low-end price in East China has been increased by 30 yuan/ton; The low-end price of 92 #in North China was lowered by 10 yuan/ton, and the high-end price of 95 #was increased by 20 yuan/ton; gasoline prices in other regions were stable. At present, transactions in China's gasoline market are still good, international crude oil is closing, cost-side support is enhanced, procurement enthusiasm in the middle and lower reaches is still good, and refinery shipments have improved.
market outlook
The United Nations Security Council passed a Gaza-related resolution calling for a ceasefire between Palestine and Israel, but no substantive progress has been made in ceasefire negotiations between the two sides. Saudi Energy Minister said OPEC+ could suspend or reverse crude oil production increases. International crude oil closed higher, with positive news supporting it. In China's gasoline market, most warehouses are consumed during the Dragon Boat Festival. There is a certain replenishment demand in the middle and lower reaches of the festival, and market purchasing enthusiasm has improved. However, the new round of price limits is expected to fall, and in addition, entering mid-month, the task pressure on each main unit is gradually increasing. On the whole, the negative and good are intertwined, and China's gasoline market is expected to fluctuate within a narrow range in the short term.
