Gasoline Market Analysis on August 21

International crude oil closes

Gasoline price index

On August 21, China's 92 #gasoline price index was 8771.12, down 24.93, or 0.28%; China's 95 #gasoline price index was 9059.73, down 23.42, or 0.26%. 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 288.60.

Gasoline Market Analysis:

Today, China's gasoline market is operating steadily and weakly, with East China, South China and Central China reducing prices by 50-140 yuan/ton; low-end prices in North China, Northeast China and Southwest China reducing prices by 50-120 yuan/ton; gasoline prices in other regions are stable. The ex-factory price of local refineries has been mainly lowered, with Shandong, Northeast, East China, North China, Central China, and Southwest China lowered by 30-150 yuan/ton; the low-end price of 95 #in Northwest China lowered by 50 yuan/ton; gasoline prices in other regions are stable. At present, transactions in China's gasoline market are light, there is a strong wait-and-see atmosphere in the middle and lower reaches, price reduction promotions have increased, and refinery shipments have performed poorly.

market outlook

The Palestinian-Israeli peace talks will resume today, waiting for the latest progress of the negotiations. The atmosphere in the Middle East has temporarily eased, and international oil prices may have room to fall.。Crude oil continued to fall overnight, cost-side support was weak, and market bearish sentiment continued to intensify. In China's gasoline market, demand performance continues to be weak and has not improved significantly. In addition, expectations for a new round of China's retail price limit increase are not obvious, market guidance is limited, and there is a strong wait-and-see attitude in the middle and lower reaches. Entering the second half of the month, the sales pressure of all main units has gradually increased, lacking confidence in supporting prices, and frequent price reduction promotion activities. On the whole, China's gasoline market is expected to fluctuate within a narrow range in the short term.