Gasoline: The main wholesale price is mainly stable, and the ex-factory price of local refineries is reduced within a narrow range

Gasoline: the main wholesale price is stable, and the ex-factory price of geotechnical refining is reduced in a narrow range.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230904	America	WTI	85.55	-
20230904	The United Kingdom	Brent	89	0.45

Note: WTI crude oil is closed for one day due to Labor Day holiday in the United States. There is no settlement price.

 

Gasoline price index

On Sept. 5, China's gasoline price index rose 8.27, or 0.09%, to 9379.56, while China's gasoline price index rose 6.50, or 0.07%, to 9700.20. 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 320.65.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China is mainly stable, which has been sorted out in some areas; the ex-factory price of georefining has declined in a narrow range, with Shandong, North China, Central China and East China reduced by 20-60 yuan per ton. Gasoline prices in the northwest and northeast regions remain relatively stable for the time being. At present, the turnover of China's gasoline market is mild, downstream rigid demand procurement, consumption of pre-inventory resources mainly; refinery shipping speed is slow, some local refineries lower quotation shipments.

The wholesale price of gasoline on September 5 (RMB / ton)
Area	Gasoline model	Price 9.4	Price 9.5	Rise and fall
North China region	92#	9050-9800	9050-9800	0/0
	95#	9230-10160	9230-10160	0/0
South China	92#	9200-9650	9200-9650	0/0
	95#	9450-9950	9450-9950	0/0
Central China	92#	9100-9400	9100-9400	0/0
	95#	9250-9650	9250-9650	0/0
East China region	92#	9150-9600	9150-9600	0/0
	95#	9350-9900	9350-9900	0/0
Northwestern region	92#	9100-10134	9100-10134	0/0
	95#	9300-10910	9300-10910	0/0
Southwest China	92#	9300-9650	9300-9650	0/0
	95#	9550-10020	9550-10050	0/30
Northeast China	92#	9080-9880	9080-9880	0/0
	95#	9500-10400	9500-10400	0/0

 

The ex-factory price of gasoline refinery on September 5 (RMB / ton)
Area	Gasoline model	Price 9.4	Price 9.5	Rise and fall
Shandong area	92#	8800-9200	8800-9160	0/-40
	95#	8930-9350	8930-9300	0/-50
North China region	92#	8840-9110	8820-9070	-20/-40
	95#	8940-9160	8920-9120	-20/-40
Central China	92#	9140-9140	9110-9110	-30/-30
	95#	9340-9340	9310-9310	-30/-30
East China region	92#	8930-9060	8870-9030	-60/-30
	95#	9050-9230	8990-9200	-60/-30
Northwestern region	92#	9050-9200	9050-9200	0/0
	95#	9200-9400	9200-9400	0/0
Northeast China	92#	9150-9150	9150-9150	0/0
	95#	9350-9350	9350-9350	0/0

 

Future forecast

From the international crude oil point of view, the supply side of the tight situation continues, but the economic level is still relatively weak, today's intraday crude oil futures lower, positive support has weakened. At the beginning of the month, the refinery performance pressure is small, the price will is strong, but the current price is relatively high, downstream risk aversion still exists, demand-side rigid demand support, there is no substantial improvement, gasoline consumption is not as expected. Approaching the price adjustment day of refined oil, the adjustment is still stranded, and the news guidance is limited. On the whole, it is expected that China's gasoline prices will be mainly stable and adjusted in 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, which will be the ninth 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.