June 14 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On June 14, China's 92 #gasoline price index was 8986.40, down 18.04, or 0.20%; China's 95 #gasoline price index was 9273.95, down 21.90, or 0.24%. 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 287.55.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak. Among them, low-end prices in East China and Northeast China have been lowered by 10-40 yuan/ton; high-end prices in South China, North China, and Northwest China have been lowered by 180-229 yuan/ton; low-end prices in Southwest China have been lowered by 30 yuan/ton; gasoline prices in other regions have been stable. The ex-factory prices of local refineries are stable and weak, with Shandong, East China, and Southwest China being lowered by 30-100 yuan/ton; high-end prices in North China being lowered by 20 yuan/ton; and gasoline prices in other regions being stable. At present, transactions in China's gasoline market are light, procurement enthusiasm in the middle and lower reaches is average, and refinery shipments are poor.

market outlook

Iranian-backed Hezbollah in Lebanon has entered a new military conflict with Israel and has vowed to expand operations against Israel. While the Israeli-Palestinian ceasefire agreement is being negotiated, Israel continues to launch attacks in central and southern Gaza. International crude oil closed up continuously, and cost-side support strengthened. In China's gasoline market, a new round of price limits has been lowered. Currently, the market transaction volume is scarce. The middle and lower reaches choose to continue to wait and see to digest inventories, and a small amount just needs to be replenished. In addition, entering the middle of the month, the sales pressure of each main unit has gradually increased. On the whole, the negative and good are intertwined, and China's gasoline market is expected to fluctuate within a narrow range in the short term.