Gasoline: Crude oil rose intraday, refinery prices stopped falling and turned higher

Gasoline: crude oil rose in intraday trading, refinery quotation stopped falling and went up.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231006	America	WTI	82.79	0.48
20231006	The United Kingdom	Brent	84.58	0.51

 

Gasoline price index

On October 9th, China's gasoline price index rose 26.24, or 0.28%, to 9354.27, while China's gasoline price index rose 23.33, or 0.24%, to 9683.12. 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 328.84.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been raised in some areas, including 50-100 yuan per ton in North China, South China, East China and Southwest China; there are fluctuations in other regions. The ex-factory price of georefining rose slightly, of which gasoline prices in Shandong, North China, Central China and East China increased by 30-80 yuan per ton, while gasoline prices in Northwest and Northeast China were temporarily stable. At present, the turnover of China's gasoline market has warmed up, the bullish sentiment in the middle and lower reaches has increased, the price space of main units and local refineries has increased, and some shipments can still be slightly explored by refineries.

October 9 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 10.8	Price 10.9	Rise and fall
North China region	92#	8800-10130	8850-10130	50/0
	95#	9000-10510	9050-10510	50/0
South China	92#	9100-9750	9150-9850	50/100
	95#	9350-10050	9400-10150	50/100
Central China	92#	9000-9400	9000-9400	0/0
	95#	9200-9600	9200-9600	0/0
East China region	92#	8900-9650	8950-9650	50/0
	95#	9100-10000	9150-10000	50/0
Northwestern region	92#	8950-10050	8950-10050	0/0
	95#	9150-10450	9150-10450	0/0
Southwest China	92#	9200-9650	9250-9650	50/0
	95#	9450-10100	9500-10100	50/0
Northeast China	92#	9150-9600	9150-9600	0/0
	95#	9450-10000	9450-10000	0/0

 

October 9 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 10.8	Price 10.9	Rise and fall
Shandong area	92#	8510-8970	8570-8970	60/0
	95#	8660-9050	8720-9050	60/0
North China region	92#	8720-8740	8770-8820	50/80
	95#	8770-8840	8820-8920	50/80
Central China	92#	8880-8880	8910-8910	30/30
	95#	9080-9080	9110-9110	30/30
East China region	92#	8670-8770	8700-8770	30/0
	95#	8790-8940	8820-8940	30/0
Northwestern region	92#	8800-8950	8800-8950	0/0
	95#	8950-9150	8950-9150	0/0
Northeast China	92#	9200-9200	9200-9200	0/0
	95#	9400-9400	9400-9400	0/0

 

Future forecast

From the perspective of international crude oil, the geopolitical situation of the Palestinian-Israeli conflict has made the market worried about the reduction or interruption of crude oil supply in the Middle East, and crude oil rose in intraday trading today, forming a favorable support for oil prices. There has been a lack of positive factors in China's gasoline market after the holiday, and changes in international oil prices have brought certain positive support to China's gasoline market. Refineries quote rigid demand for replenishment after the festival, coupled with less performance pressure at the beginning of the month. The mentality of standing price has increased. On the whole, it is expected that the price of China's gasoline market will be stable and fluctuate 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.