1. Price Trend

According to the price monitoring of SuSirs, the overall price of gasoline and diesel kept stable last week. The domestic gasoline price was 6,640 RMB/ ton, 0.11% higher than that of the previous week; the domestic diesel price was 6,379 RMB/ ton, 0.06% higher than that of the previous week.

2. Analysis of Influencing Factors

Product: the international crude oil rose slightly last week, and the domestic refined oil price adjustment on December 30 is expected to increase by 230 RMB/ ton. The bullish sentiment in the gasoline and diesel market grew gradually last week, but the weak market demand dragged down the market price rise.

Industry chain: at present, the trade relations between China and the United States have eased, the global economic slowdown concerns have subsided, and OPEC countries will continue to reduce production. The international crude oil market is affected by favorable factors. WTI crude oil futures price rose 2.25% last week.

Market: in terms of gasoline, there is no obvious positive demand in the gasoline market at present, but the price adjustment of refined oil is expected to be significantly increased. Driven by the price of component raw materials, the price of gasoline will also rise slightly. In terms of diesel, the diesel market is also subject to the weakening demand in the downstream, and most of the operators prefer the low-cost resources in the market, so the market price remains stable. At the end of the year, the oil product market is closing, so the price volatility is not strong.

3. Market Forecast

The oil product analyst of SunSirs believes that: the international crude oil market remains stable, the new year's day and Spring Festival holidays are coming soon, the demand for oil product market may be supported, and the price of oil product market is expected to be stable and positive this week.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .