Gasoline: The main business is mainly to stabilize prices, and local refining is mixed

Gasoline: the main business is to stabilize the price, and the local refinery has mixed ups and downs.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230828	America	WTI	80.1	0.27
20230828	The United Kingdom	Brent	84.42	-0.06

 

Gasoline price index

On August 29th, China's gasoline price index rose 4.42, or 0.05 per cent, to 9259.66, while China's gasoline price index rose 4.50, or 0.05 per cent, to 9581.16. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 321.50.

 

Gasoline market analysis:

Today, China's main wholesale gasoline prices are mainly stable, and refineries in some areas have sorted out their quotations. The ex-factory price of geo-refinery is mixed, and the price of gasoline in Shandong and North China has been reduced by 20-30 yuan per ton. The price of gasoline in East China and low-end gasoline in North China will be increased by 20-40 yuan per ton. Refinery quotations in other regions are relatively stable. At present, China's gasoline market is relatively dull, refineries are more flexible to adjust their quotations up and down, but the range is small, and the market is cautious. On the whole, the market is deadlocked and refinery inventory has accumulated.

August 29th wholesale price of gasoline (RMB / ton)
Area	Gasoline model	Price 8.28	Price 8.29	Rise and fall
North China region	92#	8950-9710	8950-9710	0/0
	95#	9150-10090	9150-10090	0/0
South China	92#	9050-9450	9050-9450	0/0
	95#	9300-9750	9300-9750	0/0
Central China	92#	8950-9250	8950-9250	0/0
	95#	9200-9500	9200-9500	0/0
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#	9350-9830	9350-9830	0/0
Northeast China	92#	9045-9800	9045-9800	0/0
	95#	9395-10400	9395-10400	0/0

 

The ex-factory price of gasoline refining on August 29th (yuan / ton)
Area	Gasoline model	Price 8.28	Price 8.29	Rise and fall
Shandong area	92#	8740-9070	8720-9050	-20/-20
	95#	8850-9250	8850-9230	0/-20
North China region	92#	8740-9050	8780-9020	40/-30
	95#	8840-9070	8880-9070	40/0
Central China	92#	9010-9010	9010-9010	0/0
	95#	9210-9210	9210-9210	0/0
East China region	92#	8790-8940	8810-8940	20/0
	95#	8910-9110	8930-9110	20/0
Northwestern region	92#	8950-9000	8950-9000	0/0
	95#	9100-9200	9100-9200	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 current shock operation of international oil prices, macroeconomic pressure still exists, and the Federal Reserve is uncertain to raise interest rates next month. From the perspective of China's supply, the capacity utilization rate of the main unit has been increasing, and the overall capacity utilization rate of independent refineries is relatively stable; from the perspective of Chinese demand, the rigid demand is mainly not good for the reduction of market activity in August, and the overall performance of increased supply and reduced demand is bad for China's gasoline market. Taken together, China's gasoline prices are expected to fluctuate 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 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 fourth 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.