Gasoline: Market transactions are weak and willingness to push up is low

Gasoline: the market turnover is weak, the willingness to push up is low

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230810	America	WTI	82.82	-1.58
20230810	The United Kingdom	Brent	86.4	-1.15

 

Gasoline price index

On Aug. 11, China's gasoline price index fell 23.27, or 0.25%, to 9308.45, while China's gasoline price index fell 21.48, or 0.22%, to 9644.90. The 9-month gasoline index and the 9-month gasoline index were both downgraded, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 336.45.

 

Gasoline market analysis:

Today, the increase in the wholesale price of gasoline in China has narrowed, and it has been mainly arranged up and down in most areas, only gasoline prices in South China have been raised by 50 yuan per ton. The ex-factory price of geo-refinery stopped rising and falling, among which gasoline prices in North and East China were reduced by a range of 20-30 yuan per ton. Gasoline prices in other regions remain relatively stable. At present, trading in China's gasoline market is weak, international crude oil closed down overnight, and Chinese prices have risen to a certain high. Downstream resistance increased, in view of the high cost of the main procurement, although the driving force has weakened, the low-end support is still strong.

August 11 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.10	Price 8.11	Rise and fall
North China region	92#	9100-9710	9100-9710	0/0
	95#	9250-10090	9250-10090	0/0
South China	92#	9200-9450	9250-9500	50/0
	95#	9500-9710	9550-9760	50/0
Central China	92#	9100-9400	9100-9400	0/0
	95#	9350-9650	9350-9650	0/0
East China region	92#	9100-9600	9100-9600	0/0
	95#	9280-9900	9280-9900	0/0
Northwestern region	92#	9100-9921	9100-9921	0/0
	95#	9300-10910	9300-10910	0/0
Southwest China	92#	9350-9550	9350-9550	0/0
	95#	9650-10000	9650-10000	0/0
Northeast China	92#	9150-9800	9150-9800	0/0
	95#	9400-10620	9400-10620	0/0

 

August 11 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.10	Price 8.11	Rise and fall
Shandong area	92#	8780-9100	8780-9100	0/0
	95#	8950-9260	8950-9260	0/0
North China region	92#	8880-9160	8850-9140	-30/-20
	95#	9030-9210	9030-9210	-30/-20
Central China	92#	9110-9110	9110-9110	0/0
	95#	9310-9310	9310-9310	0/0
East China region	92#	8850-8950	8820-8930	-30/-20
	95#	9000-9100	8970-9080	-30/-20
Northwestern region	92#	9000-9100	9000-9100	0/0
	95#	9200-9300	9200-9300	0/0
Northeast China	92#	9050-9050	9050-9050	0/0
	95#	9250-9250	9250-9250	0/0

 

Future forecast

In terms of international crude oil, market worries about the Fed's expectation of raising interest rates increased, while China's consumer industry tightened in July and international oil prices fell. At present, although the replenishment efforts of the market have slowed down, Chinese demand is still relatively stable. in addition, high export profits have also brought impetus to the rise in the market, with less pressure on the performance of superimposed refineries, and the expectation of "Jinjiu Silver Ten" still exists. On the whole, China's gasoline market is expected to stabilize in the short term.

 

 

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

Since 24:00 on August 9, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be increased by RMB240,230 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 August 9, 2023, the second working day in China since the price adjustment was announced by the National Development and Reform Commission.

 

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 9259 yuan and 8218 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.