Gasoline: International oil prices rebound, gasoline market rises

Gasoline: international oil price rebounded, gasoline market adjusted upwards

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230912	America	WTI	88.84	1.55
20230912	The United Kingdom	Brent	92.06	1.42

 

Gasoline price index

On September 13, China's gasoline price index rose 12.58, or 0.13%, to 9394.04, while China's gasoline price index rose 5.82, or 0.17%, to 16.78. 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 326.76.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has changed from falling to rising, with gasoline rising in North China, South China, Central China, Northwest and Southwest regions, with a range of 30-100 yuan per ton. The ex-factory price of georefining has been raised by a narrow range, with gasoline prices in Shandong, North China, Central China, East China and Northwest China raised by 20-80 yuan per ton. At present, the turnover of China's gasoline market is heating up, the room for rising prices of refineries is increasing, and there is a willingness to push up. Traders replenish goods in stages, but the psychology of resistance to higher prices in the lower reaches still exists.

September 13 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 9.12	Price 9.13	Rise and fall
North China region	92#	9000-9800	9030-9800	30/0
	95#	9180-10160	9200-10160	20/0
South China	92#	9200-9650	9250-9700	50/50
	95#	9450-9950	9500-10000	50/50
Central China	92#	9180-9400	9200-9450	20/50
	95#	9230-9650	9350-9750	120/100
East China region	92#	9100-9600	9100-9600	0/0
	95#	9250-9900	9250-9900	0/0
Northwestern region	92#	9100-10134	9200-10134	100/0
	95#	9300-10910	9400-10910	100/0
Southwest China	92#	9390-9700	9450-9730	60/30
	95#	9590-10100	9650-10180	60/80
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 13 (RMB / ton)
Area	Gasoline model	Price 9.12	Price 9.13	Rise and fall
Shandong area	92#	8750-9120	8800-9150	50/30
	95#	8900-9230	8950-9260	50/30
North China region	92#	8830-9050	8910-9070	80/20
	95#	8930-9100	9010-9120	80/20
Central China	92#	9130-9130	9180-9180	50/50
	95#	9330-9330	9380-9380	50/50
East China region	92#	8870-8970	8890-9000	20/30
	95#	8990-9140	9010-9170	20/30
Northwestern region	92#	9050-9300	9100-9300	50/0
	95#	9200-9400	9250-9400	50/0
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 recent multi-agency crude oil market report, the report is mostly optimistic about the market outlook, international oil prices form a positive support. In the Chinese market, on the demand side, compared with the summer vacation, gasoline consumption has dropped slightly, but the demand for pre-double-holiday stock is still there, supporting the market. From the point of view of the refined oil price adjustment mechanism, the refined oil price limit adjustment is gradually expanding, the current increase is expected to exceed 300 yuan / ton, the news side is good support. Taken together, the trend of China's gasoline market is expected to be strong 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.