Gasoline Market Analysis(February 20, 2025)
Gasoline price index
On February 18, the domestic 92# gasoline price index was 8743.84, down 29.38 from yesterday, a decrease of 0.33%; The domestic 95# gasoline price index was 9002.64, down 32.15 from yesterday, a decrease of 0.36%. The 92# gasoline index and the 95# gasoline index were both lowered, and the price difference between the 92# gasoline and 95# gasoline index was 258.80.
Gasoline market analysis
Today's domestic gasoline market continues to run downward as a whole, of which the wholesale price of the main units is weak, with a range of 8-100 yuan/ton, and most of them are low-end price adjustments; The quotations in North China and Southwest China are temporarily stable. The ex-factory price of local refining mainly declined, and the range was concentrated in 13-100 yuan/ton; The price in central China was raised by 20 yuan/ton. The closing price of international crude oil was higher with limited support. At present, the transaction atmosphere of the domestic gasoline market is light, the performance of rigid demand support is not good, the wait-and-see mentality of the middle and lower reaches occupies the majority, and the rigid demand replenishment is the mainstay. The selling speed of refineries continued to decline, coupled with the gradual emergence of performance pressure on the main units in the middle and second half of the month, and there are increased promotional operations.
Forecast for the future market
In the international crude oil market, drone attacks on the Caspian oil pipeline pumping station have led to a reduction in the volume of oil supplied from Kazakhstan to the world market. At present, in the domestic gasoline market, there is no holiday support, vehicle travel is mainly based on daily commuting, refinery equipment maintenance has not changed much, and supply resources remain abundant. In addition, a new round of retail price adjustment of refined oil products is expected to be slightly lowered. On the whole, under the influence of the contradiction between supply and demand, it is expected that the domestic gasoline market will be weak in the short term.
