Gasoline Market Analysis on October 12

International crude oil closes

Gasoline price index

On October 12, China's 92 #gasoline price index was 8038.54, down 7.53, or 0.09%; China's 95 #gasoline price index was 8345.48, down 7.07, or 0.08%. 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 306.95.

Gasoline Market Analysis:

Today, the wholesale prices of main gasoline units in China are stable and weak, with the high-end price of 92 #in South China being lowered by 50 yuan/ton; the low-end price of 92 #in Northeast China being increased by 20 yuan/ton; the price of gasoline in Central China being lowered by 20-130 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refining has been lowered steadily and within a narrow range. High-end prices in Shandong have been lowered by 50 yuan/ton; East China, Central China, and Southwest China have been lowered by 30-100 yuan/ton; gasoline prices in other regions have been stable. Currently, the trading atmosphere in China's gasoline market is light.The cumulative rate of change of crude oil in the new round is extending, providing a positive guidance for the refined oil market. However, terminal demand has not improved, and downstream procurement enthusiasm is average.Refinery shipments slowed down.

market outlook

In terms of international crude oil, there has not been any further upgrade in the geography, and it is expected that there may still be room for downward adjustment in crude oil.In terms of gasoline in China, the cost side is guided by the market. Weak demand side is still the main negative, and there is a strong wait-and-see attitude. Near the middle of the month, the pressure on sales tasks of each main unit has gradually increased, and the confidence in supporting prices may have weakened. On the whole, it is expected that China's gasoline market will mainly fluctuate within a narrow range in the short term.