Gasoline market analysis(March 7, 2025)
Gasoline price index
On February 24, the domestic 92# gasoline price index was 8658.02, down 47.49 from the previous working day, a decrease of 0.55%; The domestic 95# gasoline price index was 8920.09, down 47.34 or 0.53% from the previous working day. 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 262.07.
Gasoline market analysis
Today, the domestic gasoline market is still running weakly, of which the wholesale price of the main units is mainly reduced, the range is concentrated in 20-150 yuan/ton, and most of them are concentrated in the low-end price; The high-end price in South China and Northwest China was raised by 50-107 yuan/ton; The high-end price in Northeast China was lowered by 50-150 yuan/ton; Quotations in other regions were temporarily stable. The ex-factory price of local refining mainly fell, and the range was concentrated in 20-200 yuan/ton; Quotations in the Northeast were temporarily stable. At present, the transaction atmosphere in the domestic gasoline market is light, the terminal still replenish based on rigid demand, the industry has a strong wait-and-see mentality, and the closing price of international crude oil has fallen, and the cost side guidance is limited. The overall operation of the refinery is stable, and the supply remains abundant, the performance pressure of the main units at the end of the month is gradually increasing, and the willingness to raise prices is relatively weak.
Forecast for the future market
In the international crude oil market, the Russia-Ukraine peace talks are progressing smoothly, and the geopolitical situation is expected to further ease. At present, the terminal of the domestic gasoline market lacks holiday support, so the demand performance is relatively weak, and the pressure on the performance of refineries at the end of the month increases, and the action in the gasoline market is insufficient. On the whole, it is expected that the domestic gasoline market will operate weakly in the short term.
