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SunSirs: Prices of Gasoline and Diesel in Shandong Refineries Rose on April 21
April 22 2022 09:01:08SunSirs(John)

Price trend

On April 21st, the price of gasoline and diesel in Shandong's refinery rose. The domestic 92# gasoline price was 8,626.6 RMB/ton, and the domestic 0# diesel price was 8,345.4 RMB/ton.

Analysis review

Gasoline and diesel prices rose, refinery units were operating at a low level, and production and sales ratios rose. The transaction price of 92# gasoline for National VI vehicles was 8,600-8,800 RMB/ton; the transaction price of 95# gasoline for National VI vehicles was 8,700-8,900 RMB/ton; and the transaction price of 0# diesel for National VI vehicles was 8,300-8,500 RMB/ton.

The demand for gasoline has risen. Due to the gradual recovery of some cities, the demand for gasoline has risen due to increased travel, and the demand for diesel has risen, and the price of refined oil has risen.

The settlement price of the main U.S. WTI crude oil futures contract was reported at 102.19 US dollars per barrel, and the settlement price of the main Brent crude oil futures contract was reported at 106.80 US dollars per barrel. The market was intertwined with long and short positions. On the one hand, the market was still worried about future economic growth and oil demand; On the other hand, oil prices are running in a stalemate due to expectations of a future supply tightening trend.

Market outlook

Affected by the support of crude oil prices, the price of refined oil products is expected to rise slightly in the later period.

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