Gasoline: Downstream wait-and-see mentality reappeared, and market prices fell within a narrow range

Gasoline: the downstream wait-and-see mentality reappears, and the market price is narrowly lower.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230815	America	WTI	80.99	-1.52
20230815	The United Kingdom	Brent	84.89	-1.32

 

Gasoline price index

On Aug. 16, China's gasoline price index fell 21.69, or 0.23%, to 9287.46, while China's gasoline price index fell 0.22%, to 9618.70. 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 331.24.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China are mainly reduced in a narrow range, including those in North China, South China, Central China, East China, Southwest China and Northeast China, with a range of 50-100 yuan per ton. The prices of gasoline in northwest China and northeast China are stable temporarily. The ex-factory price of geotechnical refinery has also declined, with gasoline prices in North China, Central China and East China reduced by 30-50 yuan per ton. At present, the turnover in China's gasoline market is weak, the downstream risk aversion to high prices is increasing, and the wait-and-see mood is reappearing. Gradually entering the middle and last ten days of the month, the willingness of refineries to raise prices has weakened.

August 16 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.15	Price 8.16	Rise and fall
North China region	92#	9100-9710	9050-9710	-50/0
	95#	9250-10090	9200-10090	-50/0
South China	92#	9200-9500	9150-9500	-50/0
	95#	9450-9800	9400-9800	-50/0
Central China	92#	9100-9350	9000-9300	-100/-50
	95#	9350-9600	9250-9600	-100/0
East China region	92#	9080-9600	9030-9600	-50/0
	95#	9280-9900	9230-9900	-50/0
Northwestern region	92#	9100-9921	9100-9921	0/0
	95#	9300-10910	9300-10910	0/0
Southwest China	92#	9250-9550	9200-9550	-50/0
	95#	9600-10000	9550-10000	-50/0
Northeast China	92#	9150-9800	9100-9800	-50/0
	95#	9500-10620	9500-10620	0/0

 

August 16 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.15	Price 8.16	Rise and fall
Shandong area	92#	8800-9100	8800-9100	0/0
	95#	8970-9280	8970-9280	0/0
North China region	92#	8820-9110	8820-9108	0/-30
	95#	9000-9180	9000-9130	0/-50
Central China	92#	9080-9080	9030-9030	-50/-50
	95#	9280-9280	9230-9230	-50/-50
East China region	92#	8820-8930	8820-8900	0/-30
	95#	8970-9080	8970-9050	0/-30
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 concerns about the economic level have increased, with China's retail sales of consumer goods growing at an annualised rate of 2.5% in July compared with the same period a year earlier. In addition, most European and American stock markets are weak, and there is still room for international oil prices to fall. EIA inventory data is also about to be released requires a lot of attention. With the gradual entry into the middle and last ten days of the month, the sales pressure of some refineries is increasing, but the demand for gold, silver and silver is expected to be better in the future. On the whole, it is expected that China's gasoline prices will be mainly stable in the short term, with a narrow reduction.

 

 

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 fifth 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.