Gasoline Market Analysis on September 20
International crude oil closes
Gasoline price index
On September 20, China's 92 #gasoline price index was 88282.98, down 14.63, or 0.18%; China's 95 #gasoline price index was 8587.74, down 8.19, or 0.10%. 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 304.76.
Gasoline Market Analysis:
Today, China's gasoline market is operating steadily and weakly, with low-end prices in East China and North China being lowered by 50 yuan/ton; low-end prices in Northeast China being lowered by 50-70 yuan/ton; low-end prices in Northeast China being lowered by 15 yuan/ton; low-end prices in Southwest China being lowered by 20-250 yuan/ton; low-end prices in Central China being increased by 10 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refineries has been steadily lowered, with the low-end price of 95 #in northwest China being lowered by 50 yuan/ton; the low-end price of East China being lowered by 60-90 yuan/ton; the 92 #in North China being lowered by 30-70 yuan/ton, and the high-end price of 95 #being lowered by 30 yuan/ton; the price in Central China was lowered by 30 yuan/ton; the price in Southwest China was increased by 50 yuan/ton; gasoline prices in other regions were operating stably. At present, the buying and selling atmosphere in China's gasoline market is light, with most of the middle and lower reaches just purchasing. The wait-and-see attitude still exists, and refinery shipments are average.
market outlook
The Federal Reserve has officially started to cut interest rates in September, and there are still expectations for interest rates in NovemberIn terms of Chinese gasoline, the risk of potential conflict between Israel and Lebanon still exists, and the instability in the Middle East has increased. Crude oil continued to rise overnight, boosting the market to a certain extentHowever, terminal demand has not improved significantly, and the market mentality is mostly short-term and wait-and-see, and operators remain cautious in purchasing.。Although the National Day holiday is approaching, there may be a small amount of stocking operations in the middle and lower reaches, but it is still mainly in need, and a new round of retail price limits will be reduced as scheduled. Entering the second half of the month, the pressure on sales tasks of each main unit has increased, and the willingness to support prices has become weaker. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.
