International crude oil prices closed slightly lower on Friday. On January 4, refined oil product prices at independent refineries in Northeast China declined, with the overall price of 92# gasoline ranging from 7,000 to 7,100 yuan per ton, 95# gasoline priced between 7,100 and 7,200 yuan per ton, and diesel quotations ranging from 6,100 to 6,200 yuan per ton.
PriceSeek Analysis:
Diesel, Bull-Bear Score: -1
The decline in international crude oil prices has weakened the cost support for diesel spot prices. The quoted price range in Northeast China has dropped to 6,100–6,200 yuan per ton, reflecting either ample market supply or weak demand. Short-term bearish sentiment dominates, with a score of -1 indicating a generally bearish impact.
Gasoline, Bull-Bear Score: -1
The drop in crude oil prices has driven down gasoline spot prices. The 92# gasoline range is 7,000–7,100 yuan per ton, and the 95# gasoline range is 7,100–7,200 yuan per ton, indicating pressure on terminal consumption. Although cost-side factors are favorable, the decline in refined product prices suggests a bearish market outlook. A score of -1 reflects a generally bearish impact.
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