Gasoline: The market push is limited, and the increase in refinery quotations narrows

Gasoline: market push is limited, refinery price increases narrow

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231009	America	WTI	86.38	3.59
20231009	The United Kingdom	Brent	88.15	3.57

 

Gasoline price index

On October 10th, China's gasoline price index rose 4.71, or 0.05%, to 9358.98, while China's gasoline price index rose 4.72, or 0.05%, to 9687.83. 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 328.86.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has narrowed compared with yesterday, with gasoline prices in South China, East China and Southwest China rising by 30-50 yuan per ton, while high-end gasoline prices in Central China have been cut by 100 yuan per ton. The ex-factory price of georefining rose slightly, of which gasoline prices in Shandong, North China, East China and Northwest China increased by 20-100 yuan per ton, while gasoline prices in Central China and Northeast China were more stable. At present, trading in China's gasoline market is mediocre, with crude oil closing higher yesterday, but downstream demand is insufficient to follow up and refinery shipments are slow, so poor sales are limited in areas where sales are poor.

October 10 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 10.9	Price 10.10	Rise and fall
North China region	92#	8850-9650	8850-9650	0/0
	95#	9050-10000	9050-10000	0/0
South China	92#	9150-9850	9150-9880	0/30
	95#	9400-10150	9400-10180	0/30
Central China	92#	9000-9400	9000-9300	0/-100
	95#	9200-9600	9200-9500	0/-100
East China region	92#	8950-9650	9000-9650	50/0
	95#	9150-10000	9200-10000	50/0
Northwestern region	92#	8950-10050	8950-10050	0/0
	95#	9150-10450	9150-10450	0/0
Southwest China	92#	9250-9650	9300-9650	50/0
	95#	9500-10100	9550-10100	50/0
Northeast China	92#	9150-9600	9150-9600	0/0
	95#	9450-10000	9450-10000	0/0

 

October 10 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 10.9	Price 10.10	Rise and fall
Shandong area	92#	8570-8970	8600-8980	30/10
	95#	8720-9050	8750-9100	30/50
North China region	92#	8770-8820	8790-8820	20/0
	95#	8820-8920	8840-8920	20/0
Central China	92#	8910-8910	8910-8910	0/0
	95#	9110-9110	9110-9110	0/0
East China region	92#	8700-8770	8700-8800	0/30
	95#	8820-8940	8820-8970	0/30
Northwestern region	92#	8800-8950	8900-8950	100/0
	95#	8950-9150	9050-9150	100/0
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 market continues to weigh the geopolitical situation of the Israeli-Palestinian conflict, which has not affected the fundamentals of the crude oil market. The market's concern about the supply of crude oil has diminished, but how to continue to track subsequent changes. China's gasoline market after the holiday replenishment time and strength is not as expected, lack of positive factors. And tonight, the retail price adjustment of refined oil is about to be realized, and gasoline prices are expected to be reduced by 85 yuan per ton, which is a negative guide. On the whole, it is expected that the price of Chinese gasoline market will be 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 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.