Gasoline Market Analysis on November 1
International crude oil closes
Gasoline price index
On November 1, China's 92 #gasoline price index was 7802.17, an increase of 4.64, or an increase of 0.06%; China's 95 #gasoline price index was 8117.40, an increase of 4.95, or an increase of 0.06%. 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 315.23.
Gasoline Market Analysis:
Today, the wholesale prices of main gasoline units in China are generally stable, with narrow increases in some regions. Among them, the high-end price in South China has been increased by 30 yuan/ton; the low-end price in Southwest China has been increased by 80 yuan/ton; and gasoline prices in other regions have been stable. The overall ex-factory price of local refining has been stable and within a narrow range, with overall increases and decreases. The low-end price of 95 #in Shandong has been increased by 30 yuan/ton; the low-end price of East China has been increased by 30 yuan/ton, and the high-end price of 95 #has been increased by 20 yuan/ton; Central China has been increased by 30 yuan/ton; Southwest China has been reduced by 50 yuan/ton; gasoline prices in other regions have been stable. At present, the trading atmosphere in China's gasoline market is moderate and has rebounded since yesterday.On the cost side, crude oil closed at two false points and increased on two days. The geopolitical impact of the Iran-Israel conflict is gradually weakening. OPEC+ may postpone the production increase plan originally scheduled to start in December, and will be decided as soon as next week. Overall, the support of China's gasoline market is still good. Terminal demand continues to be weak in the previous period. Most of the middle and lower reaches are mainly in need of procurement. The wait-and-see atmosphere still exists, and refinery shipments are average.
market outlook
In terms of international crude oil, some economic data is still released today. At present, there are many positive signs or may continue to bring support. It is expected that there may still be room for increase in crude oil prices.In terms of gasoline in China, the price of crude oil at the cost end closed higher, and poor demand remained the key negative. At the beginning of the month, a new round of sales cycle was entered, and the pressure on sales tasks of each main unit was temporarily relaxed, or there was a slight price increase. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.
