Gasoline Market Analysis on November 18
International crude oil closes
Gasoline price index
On November 18, China's 92 #gasoline price index was 7787.38, an increase of 9.11 from yesterday, or an increase of 0.12%; China's 95 #gasoline price index was 8100.02, an increase of 8.78 from yesterday, or an increase of 0.11%. 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 312.64.
Gasoline Market Analysis:
The trading atmosphere in China's gasoline market is moderate today. The wholesale prices of main units are generally stable and strong. Prices in most regions are rising, and are concentrated at the low-end prices, concentrated at 50-100 yuan/ton; There are downward adjustments in East China and Northeast China, with an adjustment range of 30-200 yuan/ton; the ex-factory prices of local refineries are both rising and falling, with a narrow increase in Shandong, Northwest and Southwest regions, with an adjustment range of 10-150 yuan/ton; East China and North China have lowered their prices by 10 yuan/ton; gasoline prices in other regions have stabilized.Crude oil fell overnight on the cost side, and the market was worried about the demand outlook. Coupled with Trump's ruling strategy, the impact on crude oil was short. In addition, geopolitical tensions continued to ease, and guidance on the China gasoline market was limited. Terminal demand continued to be weak in the previous period, traders 'bearish sentiment remained unabated, procurement was still dominated by just-needed needs, and the overall refinery shipments were acceptable.
market outlook
In terms of international crude oil, there are many negative factors,China's gasoline market support is weak。On the demand side, small orders are mainly purchased and sold on demand, and operators still remain cautious when entering the market.。A new round of refined oil price adjustments is approaching, or expectations may be fulfilled. On the whole, it is expected that China's gasoline market may raise expectations slightly in the short term.
