June 17 Gasoline Market Analysis

International crude oil closes

Gasoline price index

On June 17, China's 92 #gasoline price index was 8964.48, down 21.92, or 0.24%; China's 95 #gasoline price index was 9250.25, down 23.70, 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 285.77.

Gasoline Market Analysis:

Today, China's gasoline market is stable and weak, and concentrated on low-end prices. Among them, East China has lowered its price by 30-150 yuan/ton; North China, Southwest China, and Central China has lowered its price by 10-50 yuan/ton; Northeast China 92 #The low-end price is lowered by 35 yuan/ton; gasoline prices in other regions are stable. The ex-factory prices of local refineries are stable and weak. Among them, the high-end price of 92 #in Shandong has been lowered by 21 yuan/ton, and the price of 95 #has been lowered by 10-45 yuan/ton; the price of gasoline in East China and North China has been lowered by 20-50 yuan/ton; and the price of gasoline in other regions has been 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

The Israeli military said it would implement a "tactical suspension of military activities" in the southern Gaza Strip. The United States pressured Hamas to accept Biden's draft of the first phase of the Gaza ceasefire agreement without making any changes. International crude oil closed down, suppressing the mentality of the middle and lower reaches. In China's gasoline market, a new round of refined oil price adjustment shows upward expectations. However, demand is weak, and operators are cautious in purchasing. The enthusiasm for purchasing in the middle and lower reaches has increased, choosing to continue to wait and see to digest inventory, and a small amount just needs to be replenished. In addition, entering the middle and late months, the sales pressure of each main unit has gradually increased. Overall, China's gasoline market is expected to fluctuate within a narrow range in the short term.