Gasoline: The market's wait-and-see mentality is gradually increasing, and the ex-factory price of local refineries is mainly lowered

Gasoline: the wait-and-see mentality of the market is gradually increasing, and the ex-factory price of geotechnical refinery is mainly reduced.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230807	America	WTI	81.94	-0.88
20230807	The United Kingdom	Brent	85.34	-0.9

 

Gasoline price index

On Aug. 8, China's gasoline price index rose 24.17, or 0.26%, to 9256.32, while China's gasoline price index rose 17.28, or 0.18%, to 9562.63. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 306.31.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China is mainly sorted out in the region. the price of gasoline in southwest China fluctuates slightly up and down 20-50 yuan per ton. the ex-factory price of georefining has stopped falling and rising, among which gasoline prices in Shandong, North China, Central China and East China have been reduced. the range is concentrated in 20-70 yuan per ton. At present, the turnover of China's gasoline market has turned weak, the early resources of the middle and lower reaches are mainly in place to eliminate the stock, coupled with the price rising to a certain high, the local refineries are afraid of the resistance of the lower reaches, so the flexible quotation of the real single transaction of the ground refining has been adjusted somewhat. However, the sales pressure of the main unit at the beginning of the month is not great, and the willingness to raise the price still exists.

 

August 8 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.7	Price 8.8	Rise and fall
North China region	92#	9000-9350	9000-9350	0/0
	95#	9250-9700	9250-9700	0/0
South China	92#	9200-9410	9200-9410	0/0
	95#	9400-9710	9400-9710	0/0
Central China	92#	9100-9350	900-9350	0/0
	95#	9300-9650	9300-9650	0/0
East China region	92#	9100-9400	9100-9400	0/0
	95#	9280-9600	9280-9600	0/0
Northwestern region	92#	8900-9890	8900-9890	0/0
	95#	9100-10640	9100-10640	0/0
Southwest China	92#	9250-9530	9250-9550	0/20
	95#	9600-10030	9650-10000	50/-30
Northeast China	92#	8950-10054	8950-10054	0/0
	95#	9300-10620	9300-10620	0/0

 

The ex-factory price of gasoline refinery on August 8 (RMB / ton)
Area	Gasoline model	Price 8.7	Price 8.8	Rise and fall
Shandong area	92#	8700-9020	8700-9000	0/-20
	95#	8800-9200	8800-9180	0/-20
North China region	92#	8880-9050	8880-8980	0/-70
	95#	9030-9100	9030-9030	0/-70
Central China	92#	9130-9130	9080-9080	-50/-50
	95#	9330-9330	9280-9280	-50/-50
East China region	92#	8750-8900	8720-8850	-30/-50
	95#	8900-9050	8870-9000	-30/-50
Northwestern region	92#	8850-8950	8850-8950	0/0
	95#	9000-9150	9000-9150	0/0
Northeast China	92#	8950-8950	8950-8950	0/0
	95#	9150-9150	9150-9150	0/0

 

Future forecast

In terms of international crude oil, investors are worried about weak demand in the United States and China, coupled with traders' profit-taking and falling international oil prices, the end of the peak summer demand season in the United States may be coming, but production cuts such as Saudi Arabia are still supported. At present, the price is relatively high, there are more favorable factors in the early stage, the middleman makes more profits, the speed of refinery shipment slows down obviously and the cautious mentality of receiving goods downstream increases. But this round of upward window opens to approach or boost the gasoline market. On the whole, it is expected that the price of China's gasoline market will adjust within a narrow range in the short term.

 

 

Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities

Since 24:00 on July 26th, the price of gasoline and diesel in China will be increased by 275yuan and 260yuan per ton respectively. After the adjustment, the maximum retail prices of gasoline and diesel in all provinces (autonomous regions and municipalities) and central cities are shown in the attached table. The date of the price adjustment will be 24:00 on July 26, 2023, the 9th working day in China since the price adjustment was announced by the National Development and Reform Commission on August 8.

 

Schedule

Maximum retail price of gasoline and diesel in provinces, autonomous regions, cities and central cities

Unit: yuan / ton

	I. areas with one province and one price
	Gasoline (standard)	Diesel oil (standard)
Beijing	9820	8780
Tianjin	9785	8745
Hebei Province	9785	8745
Shanxi province	9855	8800
Liaoning province	9785	8745
Jilin Province	9785	8745
Heilongjiang province	9785	8745
Shanghai	9800	8750
Jiangsu Province	9840	8785
Zhejiang Province	9840	8800
Anhui province	9835	8795
Fujian Province	9860	8810
Jiangxi province	9840	8805
Shandong province	9795	8755
Hubei province	9810	8770
Hunan Province	9850	8830
Henan province	9805	8765
Hainan province	9930	8880
Chongqing	10000	8955
Guangdong province	9865	8815
Guangxi Zhuang Autonomous region	9930	8880
Ningxia Hui Autonomous region	9790	8745
Gansu province	9770	8765
Xinjiang Uygur Autonomous region	9565	8640
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9800	8760
Chengdu city	10005	8980
Guiyang city	9965	8905
Kunming City	9995	8935
Xi'an city	9770	8755
Xining City	9750	8790

                                                                

Note: 1. The prices in the table include consumption tax, value-added tax, urban construction tax and additional education fees.

2. The prices of gasoline and diesel oil in the table are in line with the compulsory national standards of VIA and Ⅵ in the sixth stage.

3. The sixth stage standard of gasoline and diesel is gasoline and No. 0 vehicle diesel respectively.

4. The prices of gasoline and diesel oil that meet the quality standards of the sixth stage for the national reserve and the Xinjiang production and Construction Corps are 9055 yuan and 8015 yuan per ton respectively, and other relevant oil price policies shall be implemented in accordance with the provisions of the measures for Oil Price Management.