On August 10, the wholesale price of gasoline and diesel in China ended the upward trend and entered the adjustment stage, and within half a month, gasoline fell by about 70 yuan/ton, and diesel was lowered by about 130 yuan/ton. As of August 23, the wholesale price of 92# gasoline in China was 9,087 yuan/ton, and the Shandong independent refinery was 8,864 yuan/ton; The wholesale price of 0# diesel in China is 8012 yuan/ton, and the Shandong independent refinery is 7723 yuan/ton.

The occurrence of price adjustment is mainly due to the cooling atmosphere of speculation. The early rise, triggered by low crack spreads and expectations of better demand, was met with resistance after prices rose to a high point in mid-August, when gasoline demand was still matching prices, but diesel demand was still low, and when speculation weakened, demand was unable to support prices. At the same time, international crude oil also ended the rise into the sideways consolidation, export quota related speculation due to a number of false news cooling, a large number of traders profit taking, sales of low-price inventory in the early stage, terminal units to stop with fashion goods, the overall decline in market activity.

Before October, there were three relatively certain positive aspects of the gasoline and diesel market. First, the eleventh stock of gasoline and diesel will inevitably occur, and the diesel demand will peak after entering September; Second, the third batch of export quotas will be issued in the near future, judging from some channel information, the export volume of gasoline and diesel will be relatively high, and the market will hype to further expand its impact; The third is that the tanker cheating rectification has entered the inspection stage, and the compliance cost will increase.

After two weeks of adjustment, the fear of falling was digested to a certain extent, and the expected positive was once again concerned and demonstrated. Traders and the end of the low price inventory has been a large number of digestion, including the main customer storage has also fallen significantly, that is, it means that the procurement capacity of the middle and downstream recovery, only to enter the market at the right time, the transaction will be relatively concentrated, the amount of goods may be large, and then promote a new round of gasoline and diesel prices. It is expected that in late August to mid-September, gasoline and diesel prices will also appear a new high, the peak China 92# gasoline 9200-9300 yuan/ton, 0# diesel 8200-8300 yuan/ton.