Gasoline: The main business has both ups and downs, and the local refining industry has been adjusted in a narrow range

Gasoline: the main business has both ups and downs, and the refinery has a narrow range.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230818	America	WTI	81.25	0.86
20230818	The United Kingdom	Brent	84.8	0.68

 

Gasoline price index

On August 21, China's gasoline price index fell 5.76, or 0.06%, to 9263.61, while China's gasoline price index fell 12.44, or 0.13%, to 9584.28. 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 320.68.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China are both rising and falling, including increases in gasoline prices in North and South China, with a range of 30-50 yuan per ton. The price of gasoline in East China and Southwest China has been reduced by 50-100 yuan per ton, mostly concentrated in the low-end price. The rest of the region remained relatively stable. The ex-factory price of geo-refinery has been raised by a narrow range, with gasoline prices in North China, Central China and East China rising by 30-70 yuan per ton. At present, the turnover of China's gasoline market is moderate, the delivery speed of refineries is relatively slow at the weekend, the wait-and-see mood in the lower reaches still exists, and the purchasing enthusiasm is insufficient, so there are many pullback quotations in areas with poor sales to stimulate shipments, but refineries in some areas are still willing to raise prices.

August 21 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.18	Price 8.21	Rise and fall
North China region	92#	9050-9710	9100-9710	50/0
	95#	9200-10090	9230-10090	30/0
South China	92#	9100-9500	9100-9550	0/50
	95#	9350-9800	9350-9850	0/50
Central China	92#	9000-9300	9000-9300	0/0
	95#	9250-9600	9250-9600	0/0
East China region	92#	9000-9600	8950-9600	-50/0
	95#	9200-9900	9150-9900	-50/0
Northwestern region	92#	9000-9921	9000-9921	0/0
	95#	9200-10910	9200-10910	0/0
Southwest China	92#	9200-9550	9150-9550	-50/0
	95#	9550-10000	9400-10000	-100/0
Northeast China	92#	9100-9800	9100-9800	0/0
	95#	9400-10620	9400-10620	0/0

 

August 21 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.18	Price 8.21	Rise and fall
Shandong area	92#	8800-9080	8800-9080	0/0
	95#	8970-9250	8970-9250	0/0
North China region	92#	8820-9080	8850-9130	30/50
	95#	8970-9130	8950-9180	-20/50
Central China	92#	8980-8980	9010-9010	30/30
	95#	9180-9180	9210-9210	30/30
East China region	92#	8790-8900	8840-8970	50/70
	95#	8940-9050	8990-9120	50/70
Northwestern region	92#	8950-9000	8950-9000	0/0
	95#	9150-9200	9150-9200	0/0
Northeast China	92#	9050-9050	9050-9050	0/0
	95#	9250-9250	9250-9250	0/0

 

Future forecast

From the perspective of international crude oil, the market is still worried about the prospect of crude oil demand, but Saudi crude oil production and exports have declined significantly, forming a certain support for international oil prices. In terms of supply and demand, China's demand is relatively stable and fluctuates relatively small, and the guiding role has been weakened. On the supply side, the start-up of the main unit this week is relatively stable; the maintenance capacity in Shandong area has increased, and there is room for capacity utilization to be reduced. From the point of view of the price adjustment mechanism of refined oil products, according to the current rate of change of international oil prices, the price adjustment of refined oil products is still expected, but it has been raised four times in a row. Taken together, it is expected that China's gasoline prices 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 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 eighth working day 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.