Gasoline: International oil price support increases, and Chinese market quotations increase

Gasoline: increased support for international oil prices, upward quotation in Chinese market

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230905	America	WTI	86.69	1.14
20230905	The United Kingdom	Brent	90.04	1.04

 

Gasoline price index

On Sept. 6, China's gasoline price index rose 21.10, or 0.22%, to 9400.66, while China's gasoline price index rose 16.51, or 0.17%, to 9716.71. 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 3316.05.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China have been raised narrowly in some areas, including gasoline prices in South China, Central China, Southwest China, East China and Northeast China by 50-100 yuan per ton. The ex-factory price of geo-refining also rose slightly, with Shandong, North China, Central China and East China increased by 20-50 yuan per ton. Gasoline prices in the northwest and northeast regions are stable for the time being. At present, the turnover of China's gasoline market is higher than that of yesterday. With the rise in international oil prices, the mentality of Chinese refineries is OK. Some traders in the lower reaches replenish their stocks in stages, and their enthusiasm for entering the market is enhanced.

September 6 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 9.5	Price 9.6	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	9250-9700	50/50
	95#	9450-9950	9500-10000	50/50
Central China	92#	9100-9400	9100-9450	0/50
	95#	9250-9650	9250-9750	0/100
East China region	92#	9150-9600	9200-9600	50/0
	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	9370-9650	70/0
	95#	9550-10050	9570-10100	20/50
Northeast China	92#	9080-9880	9130-9880	50/0
	95#	9500-10400	9500-10400	0/0

 

September 6 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 9.5	Price 9.6	Rise and fall
Shandong area	92#	8800-9160	8820-9190	20/30
	95#	8930-9300	8950-9300	20/0
North China region	92#	8820-9070	8850-9070	30/0
	95#	8920-9120	8950-9120	30/0
Central China	92#	9110-9110	9160-9160	50/50
	95#	9310-9310	9360-9360	50/50
East China region	92#	8870-9030	8890-9050	20/20
	95#	8990-9200	9010-9220	20/20
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 perspective of international crude oil, on the supply side, Saudi Arabia and Russia voluntarily cut production supply until the end of the year, and investors are worried about the resource shortage at the peak of crude oil demand in the future. The international oil market has risen continuously, Brent crude oil has broken through the $90 mark, and the international oil price has been supported strongly, but the existence of profit-taking operation has not been ruled out in the continuous surge. At present, at the beginning of the month, the refinery still has a heavy price mentality, but the downstream follow-up is relatively slow, and the actual transaction in the market has not reached the psychological expected level. The retail price limit adjustment ran aground at 24: 00 tonight, and the news guidelines are limited. Taken together, China's gasoline market is expected to remain stable 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 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	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.