Gasoline: International oil prices rose slightly, but transactions in the Chinese market were average

Gasoline: the international oil price rises slightly, but the transaction in the Chinese market is mediocre.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230824	America	WTI	79.05	0.16
20230824	The United Kingdom	Brent	83.36	0.15

 

Gasoline price index

On Aug. 25, China's gasoline price index fell 9.90, or 0.11%, to 9251.45, while China's gasoline price index fell 10.68, or 0.11%, to 9570.52. 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 319.06.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been reduced in some areas, including 5-50 yuan per ton in South China, Central China and Northeast China. The ex-factory price of geotechnical refinery has also been sorted out, with the price reduction of 9-kilowatt and 9-kilogram gasoline in East China and Shandong Province concentrated at 20 yuan per ton. In North China, the low-end price of Nine and Nine gasoline will be reduced by 30 yuan per ton, but the high-end price will be increased by 20 yuan per ton. Quotations in other areas are stable for the time being. At present, the turnover of China's gasoline market is general, the wait-and-see mood in the middle and lower reaches is strong, the cost area of refineries is not low and stable prices are more, refineries in areas with poor sales are appropriately preferential to stimulate shipments, while terminal demand is light, rigid demand procurement.

August 25 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.24	Price 8.25	Rise and fall
North China region	92#	8950-9710	8950-9710	0/0
	95#	9150-10090	9150-10090	0/0
South China	92#	9100-9450	9050-9450	-50/0
	95#	9350-9750	9300-9750	-50/0
Central China	92#	8950-9300	8950-9250	0/-50
	95#	9250-9550	9250-9500	0/-50
East China region	92#	8950-9600	8950-9600	0/0
	95#	9150-9900	9150-9900	0/0
Northwestern region	92#	9000-10134	9000-10134	0/0
	95#	9200-10910	9200-10910	0/0
Southwest China	92#	9130-9480	9130-9480	0/0
	95#	9400-9830	9400-9830	0/0
Northeast China	92#	9050-9800	9045-9800	-5/0
	95#	9400-10400	9395-10400	-5/0

 

August 25 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 8.24	Price 8.25	Rise and fall
Shandong area	92#	8700-9030	8700-9030	0/0
	95#	8870-9220	8850-9220	-20/0
North China region	92#	8770-9000	8740-9020	-30/20
	95#	8870-9050	8840-9070	-30/20
Central China	92#	8980-8980	8980-8980	0/0
	95#	9180-9180	9180-9180	0/0
East China region	92#	8810-8900	8790-8900	-20/0
	95#	8930-9050	8910-9050	-20/0
Northwestern region	92#	8900-9000	8900-9000	0/0
	95#	9050-9200	9050-9200	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 Federal Reserve is about to issue new guidelines on the next step of raising interest rates. In addition, Storm Harold is also concerned about the loss of refinery capacity in the United States. At present, China's gasoline market is relatively flat, demand has not improved significantly, lack of positive factors, but the export plan in September may boost the gasoline market. From the point of view of the price adjustment mechanism of refined oil, the new round of crude oil change rate is negative, and there is room for price adjustment of refined oil. 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 23, 2023, the prices of gasoline and diesel in China (standard products, the same below) have been increased by 55 yuan per ton. 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 23, 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	9765	8725
Tianjin	9730	8690
Hebei Province	9730	8690
Shanxi province	9800	8745
Liaoning province	9730	8690
Jilin Province	9730	8690
Heilongjiang province	9730	8690
Shanghai	9745	8695
Jiangsu Province	9785	8730
Zhejiang Province	9785	8745
Anhui province	9780	8740
Fujian Province	9805	8755
Jiangxi province	9785	8750
Shandong province	9740	8700
Hubei province	9755	8715
Hunan Province	9795	8775
Henan province	9750	8710
Hainan province	9875	8825
Chongqing	9945	8900
Guangdong province	9810	8760
Guangxi Zhuang Autonomous region	9875	8825
Ningxia Hui Autonomous region	9735	8690
Gansu province	9715	8710
Xinjiang Uygur Autonomous region	9510	8585
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9745	8705
Chengdu city	9950	8925
Guiyang city	9910	8850
Kunming City	9940	8880
Xi'an city	9715	8700
Xining City	9695	8735

                                                                

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 9350 yuan and 8300 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.