Gasoline: International oil prices rose, and the Chinese market rose slightly

Gasoline: the international oil price rises, the Chinese market rises slightly.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230829	America	WTI	81.16	1.06
20230829	The United Kingdom	Brent	85.49	1.07

 

Gasoline price index

On August 30th, China's gasoline price index rose 9.87, or 0.11%, to 9269.53, while China's gasoline price index rose 10.49, or 0.11%, to 9591.65. 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 322.12.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China fluctuates in a narrow range, with increases in gasoline prices in South China, Central China and East China, with a range of 50-100 yuan per ton. However, the price of gasoline in southwest China has been reduced by 30 yuan per ton. Prices are relatively stable in other regions. The ex-factory price of geo-refinery increased slightly, among which the price increases of Nine and Nine gasoline in Shandong, Central and East China were concentrated at 20-40 yuan per ton. North China, Northwest China and Northeast China are temporarily stable. At present, the turnover of China's gasoline market has warmed up, international oil prices have risen, and the enthusiasm of replenishment procurement in the middle and lower reaches has increased, but there is still sales pressure in some areas, and the increase is limited.

August 30 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 8.29	Price 8.30	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	9050-9500	0/50
	95#	9300-9750	9300-9800	0/50
Central China	92#	8950-9250	9020-9300	70/50
	95#	9200-9500	9200-9600	0/100
East China region	92#	8950-9600	9000-9600	50/0
	95#	9150-9900	9200-9900	50/0
Northwestern region	92#	9000-10134	9000-10134	0/0
	95#	9200-10910	9200-10910	0/0
Southwest China	92#	9130-9480	9100-9450	-30/-30
	95#	9350-9830	9350-9800	0/-30
Northeast China	92#	9045-9800	9045-9800	0/0
	95#	9395-10400	9395-10400	0/0

 

The ex-factory price of gasoline refinery on August 30 (RMB / ton)
Area	Gasoline model	Price 8.29	Price 8.30	Rise and fall
Shandong area	92#	8720-9050	8740-9090	20/40
	95#	8850-9230	8880-9230	30/0
North China region	92#	8780-9020	8780-9020	0/0
	95#	8880-9070	8880-9070	0/0
Central China	92#	9010-9010	9030-9030	20/20
	95#	9210-9210	9230-9230	20/20
East China region	92#	8810-8940	8810-8960	0/20
	95#	8930-9110	8930-9130	0/20
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, API crude oil went to the reservoir significantly and exceeded the expected level, and the dollar index fell sharply, and the positive factors highlighted the expected room for recent increase in international crude oil prices. in addition, the EIA inventory data to be released tonight also need more attention. From the perspective of Chinese demand, there is a lack of downstream follow-up. China's demand performance is weak and lack of significant positive stimulus. In addition, the market still has the will to promote shipments, so there is not enough room for upward quotation. On the whole, it is expected that China's gasoline prices will be stable in the short term. Narrow range fluctuations.

 

 

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 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	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.