Gasoline: Overall demand is tepid, and market transactions are rigid

Gasoline: the overall demand is lukewarm, and the market transaction is stiff.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230911	America	WTI	87.29	-0.22
20230911	The United Kingdom	Brent	90.64	-0.01

 

Gasoline price index

On September 12, China's gasoline price index fell 6.27, or 0.07%, to 9381.45, while China's gasoline price index fell 5.82, or 0.06%, to 9704.03. 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 322.57.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China is mainly sorted out in the area, while the high-end prices of gasoline in South China have been reduced by 50 yuan / ton. The ex-factory price is mainly stable, but the price of gasoline in Shandong Province has been reduced by 20-50 yuan per ton. no, no, no. At present, the turnover of China's gasoline market is weak, the rigid demand of downstream traders is mainly, and the speculative demand is less and less to keep up with. Refinery shipping speed is slow, a little tired, more flexible adjustment of quotations to stimulate shipments. On the whole, the market is stiff.

Main wholesale price of gasoline on September 12 (RMB / ton)
Area	Gasoline model	Price 9.11	Price 9.12	Rise and fall
North China region	92#	9000-9800	9000-9800	0/0
	95#	9180-10160	9180-10160	0/0
South China	92#	9200-9700	9200-9650	0/-50
	95#	9450-10000	9450-9950	0/-50
Central China	92#	9180-9400	9180-9400	0/0
	95#	9230-9650	9230-9650	0/0
East China region	92#	9100-9600	9100-9600	0/0
	95#	9250-9900	9250-9900	0/0
Northwestern region	92#	9100-10134	9100-10134	0/0
	95#	9300-10910	9300-10910	0/0
Southwest China	92#	9390-9700	9390-9700	0/0
	95#	9590-10100	9590-10100	0/0
Northeast China	92#	9130-9880	9130-9880	0/0
	95#	9500-10400	9500-10400	0/0

 

The ex-factory price of gasoline refining on September 12 (RMB / ton)
Area	Gasoline model	Price 9.11	Price 9.12	Rise and fall
Shandong area	92#	8750-9120	8750-9120	0/0
	95#	8920-9280	8900-9230	-20/-50
North China region	92#	8830-9050	8830-9050	0/0
	95#	8930-9100	8930-9100	0/0
Central China	92#	9130-9130	9130-9130	0/0
	95#	9330-9330	9330-9330	0/0
East China region	92#	8870-8970	8870-8970	0/0
	95#	8990-9140	8990-9140	0/0
Northwestern region	92#	9050-9300	9050-9300	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, the monthly reports of OPEC and IEA will be released soon, and the expression of the fundamentals of crude oil in the report will affect the trend of oil prices. In the Chinese market, the overall performance of demand is lukewarm, the market is relatively high, the price acceptance is low, and the enthusiasm for transaction is limited. On the supply side, refineries are open normally, and the supply of spot gasoline resources is relatively stable. Generally speaking, there is a lack of significant positive factors in the market, so it is expected that China's gasoline market will be sorted out 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 the price adjustment of oil products in China on August 23, 2023, oil prices in the international market have fluctuated. According to the current price mechanism of oil products in China, the average price in the first 10 working days on September 6 is less than 50 yuan per ton compared with the average price in the first 10 working days on August 23. The price of gasoline and diesel will not be adjusted this time, and the unadjusted amount will be added or offset in the next price adjustment. The following table shows the results of the price adjustment by the National Development and Reform Commission on August 23, 2023, and the next price adjustment is expected to be September 20.

 

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.