Gasoline: Market transactions were light, refinery prices fell

Gasoline: market turnover is light, refinery quotation goes down

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230922	America	WTI	90.03	0.4
20230922	The United Kingdom	Brent	93.27	-0.03

 

Gasoline price index

On Sept. 25, China's gasoline price index fell by 10.80%, or 0.11%, to 9531.57, while the gasoline price index fell by 0.08% to 9864.70. 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 333.13.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been reduced, and the price of gasoline in North China, South China, Central China and Southwest China has been reduced by 50-150 yuan per ton. The ex-factory price of georefining has been reduced by a narrow range, of which the gasoline prices of Shandong, North China, Central China and East China have been reduced by 20-80 yuan per ton, and gasoline prices in the northwest and northeast regions have been temporarily stable. At present, the turnover of China's gasoline market is light, the middle and lower reaches focus on replenishment before the festival, traders mainly consume existing inventory, the enthusiasm of operators to enter the market is not high, and the market trading atmosphere weakens.

Wholesale price of gasoline on September 25th (RMB / ton)
Area	Gasoline model	Price 9.22	Price 9.25	Rise and fall
North China region	92#	9100-10130	9000-10130	-100/0
	95#	9300-10510	9200-10510	-100/0
South China	92#	9350-9900	9300-9900	-50/0
	95#	9600-10200	9550-10200	-50/0
Central China	92#	9300-9700	9300-9600	0/-100
	95#	9550-9950	9450-9800	-100/-150
East China region	92#	9300-9650	9300-9650	0/0
	95#	9500-9900	9500-10000	0/100
Northwestern region	92#	9380-10134	9380-10134	0/0
	95#	9580-10620	9580-10620	0/0
Southwest China	92#	9500-9900	9450-9850	-50/-50
	95#	9750-10300	9700-10250	-50/-50
Northeast China	92#	9300-9900	9300-9900	0/0
	95#	9600-10400	9600-10400	0/0

 

The ex-factory price of gasoline refinery on September 25 (RMB / ton)
Area	Gasoline model	Price 9.22	Price 9.25	Rise and fall
Shandong area	92#	8840-9180	8780-9130	-60/-50
	95#	8970-9330	8930-9290	-40/-40
North China region	92#	8940-9100	8910-9020	-30/-80
	95#	9040-9150	9010-9070	-30/-80
Central China	92#	9300-9300	9240-9240	-60/-60
	95#	9500-9500	9440-9440	-60/-60
East China region	92#	8950-9050	8930-9050	-20/0
	95#	9070-9220	9050-9220	-20/0
Northwestern region	92#	9100-9350	9100-9350	0/0
	95#	9250-9550	9250-9550	0/0
Northeast China	92#	9300-9300	9300-9300	0/0
	95#	9500-9500	9500-9500	0/0

 

Future forecast

From the perspective of international crude oil, international oil prices closed mixed on Friday, with limited guidance. The positive support of OPEC+ production reduction still exists, but at the economic level, the global economic recovery is not good enough, which is good for the bad game. From the demand point of view, the pre-festival replenishment support is weakened, the number of large orders is reduced, the rigid demand is mainly small, and the demand performance is mediocre. From the refinery point of view, each unit may catch up with the task is still a price reduction promotion operation. On the whole, the market is flat, the wait-and-see atmosphere is gradually rising, and China's gasoline market is expected to decline slightly in the short term.

 

 

Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities

Since 24:00 on September 20, 2023, the prices of gasoline and diesel in China (the same below) will be increased by 385 yuan and 370 yuan per ton respectively. 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 next price adjustment is expected to be October 10th.

 

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	10500	9435
Tianjin	10465	9400
Hebei Province	10465	9400
Shanxi province	10535	9455
Liaoning province	10465	9400
Jilin Province	10465	9400
Heilongjiang province	10465	9400
Shanghai	10480	9405
Jiangsu Province	10520	9440
Zhejiang Province	10520	9455
Anhui province	10515	9450
Fujian Province	10540	9465
Jiangxi province	10520	9460
Shandong province	10475	9410
Hubei province	10490	9425
Hunan Province	10530	9485
Henan province	10485	9420
Hainan province	10610	9535
Chongqing	10680	9610
Guangdong province	10545	9470
Guangxi Zhuang Autonomous region	10610	9535
Ningxia Hui Autonomous region	10470	9400
Gansu province	10450	9420
Xinjiang Uygur Autonomous region	10245	9295
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	10480	9415
Chengdu city	10685	9635
Guiyang city	10645	9560
Kunming City	10675	9590
Xi'an city	10450	9410
Xining City	10430	9445

                                                                

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 9735 yuan and 8670 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.