Gasoline: The price increase is about to be realized, and market transactions are relatively deadlocked

Gasoline: the price limit increase is about to be realized, and the market transaction is relatively deadlocked.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230822	America	WTI	80.35	-0.37
20230822	The United Kingdom	Brent	84.03	-0.43

 

Gasoline price index

On Aug. 23, China's gasoline price index fell 1.47, or 0.02%, to 9255.05, while China's gasoline price index fell 2.21, or 0.02%, to 9575.49. 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 320.43.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been reduced in some regions, including gasoline prices in South China, Southwest China, Central China and Northeast China by 30-70 yuan per ton. The ex-factory price of georefining has been reduced in a narrow range, of which the price of gasoline in Shandong, North and East China has been reduced by 20-50 yuan per ton. Quotations in other areas are stable for the time being. At present, the turnover of China's gasoline market is mediocre, and the sales policies of the main units and independent refineries are relatively flexible in the middle and last ten days of the month; downstream rigid demand is dominant, the enthusiasm of operators to enter the market is general, and speculative demand is insufficient. On the whole, the market transaction is more deadlocked.

August 23 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.22	Price 8.23	Rise and fall
North China region	92#	9100-9710	9100-9710	0/0
	95#	9230-10090	9230-10090	0/0
South China	92#	9100-9550	9100-9500	0/-50
	95#	9350-9850	9350-9800	0/-50
Central China	92#	9000-9300	8950-9300	-50/0
	95#	9250-9550	9250-9550	0/0
East China region	92#	8950-9600	8950-9600	0/0
	95#	9150-9900	9150-9900	0/0
Northwestern region	92#	9000-9921	9000-9921	0/0
	95#	9200-10910	9200-10910	0/0
Southwest China	92#	9150-9550	9150-9480	0/-70
	95#	9400-10000	9400-9830	0/-70
Northeast China	92#	9100-9800	9070-9800	-30/0
	95#	9400-10620	9400-10620	0/0

 

August 23 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.22	Price 8.23	Rise and fall
Shandong area	92#	8770-9080	8750-9080	-20/0
	95#	8950-9250	8900-9250	-50/0
North China region	92#	8850-9080	8800-9060	-50/-20
	95#	8950-9130	8900-9110	-50/-20
Central China	92#	9010-9010	9010-9010	0/0
	95#	9210-9210	9210-9210	0/0
East China region	92#	8840-8970	8810-8940	-30/-30
	95#	8990-9120	8960-9090	-30/-30
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 international crude oil point of view, the United States EIA inventory data is about to be released, the inventory level reflects the U. S. summer gasoline consumption season how to go to the warehouse, the current international oil prices how high shock. In addition, Storm Harold may damage the production capacity of American refineries. At present, China's gasoline market is relatively dull, but it begins to weaken in the peak season, showing the characteristics of not flourishing in the peak season. As the summer vacation is coming to an end, students are going back to school one after another, and the expansion of the travel radius of private cars may alleviate the situation of low demand side fluctuations. Taken together, China's gasoline prices are expected to continue a small trend 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, which is the 10th 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.