According to Jin10 Futures, China’s 92# gasoline prices declined this week, averaging 8,045 yuan/ton, down 67 yuan/ton from the previous week, while 0# diesel fell 21 yuan/ton to 7,293 yuan/ton. Crude oil prices surged then retreated during intraday trading as refinery output remained at low levels and downstream demand focused on inventory digestion. Gasoline production-sales ratio stood at 59%, while diesel reached 54%, signaling weak momentum. Current crude oil prices remain elevated, providing cost support; prices are expected to consolidate within narrow ranges in the coming period.
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