Gasoline: The market is waiting to see and just needs to purchase, and gasoline is mainly down

Gasoline: the market is more wait-and-see rigid demand procurement, gasoline operation is mainly declining

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231016	America	WTI	86.66	-1.03
20231016	The United Kingdom	Brent	89.65	-1.24

 

Gasoline price index

On October 17, China's gasoline price index fell 40.00, or 0.43%, to 9220.98, while China's gasoline price index fell 42.48, or 0.44%, to 9548.32. 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 327.34.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has declined in some areas, including gasoline prices in North China, Central China, Northwest China, East China and Northeast China fell by 20-100 yuan per ton, while the price reduction in other regions did not break through the end value. The ex-factory price of Earth Refinery fell as a whole, with a reduction of 20-100 yuan per ton. At present, the turnover of China's gasoline market is light, the market wait-and-see mood is increasing, traders have more rigid demand for procurement, and speculative demand is significantly reduced. Refinery shipments stalemate, poor sales of refineries in order to stimulate shipments to lower prices, preferential space to expand the transaction policy is flexible.

October 17 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 10.16	Price 10.17	Rise and fall
North China region	92#	8700-9600	8680-9600	-20/0
	95#	8900-10000	8880-10000	-20/0
South China	92#	9000-9750	9000-9750	0/0
	95#	9250-10050	9250-10050	0/0
Central China	92#	8950-9300	8900-9200	-50/-100
	95#	9100-9500	9100-9450	0/-50
East China region	92#	8850-9650	8840-9650	-10/0
	95#	9050-10000	9050-10000	0/0
Northwestern region	92#	8850-10050	8830-10050	-20/0
	95#	9050-10450	9030-10450	-20/0
Southwest China	92#	9150-9590	9150-9590	0/0
	95#	9400-9950	9400-9950	0/0
Northeast China	92#	9000-9800	9000-9800	0/0
	95#	9240-10000	9200-10000	-40/0

 

October 17 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 10.16	Price 10.17	Rise and fall
Shandong area	92#	8420-8740	8400-8700	-20/-40
	95#	8560-8900	8520-8850	-40/-50
North China region	92#	8460-8580	8460-8550	0/-30
	95#	8540-8630	8540-8600	0/-30
Central China	92#	8780-8780	8700-8700	-80/-80
	95#	8980-8980	8900-8900	-80/-80
East China region	92#	8570-8620	8510-8600	-60/-20
	95#	8690-8790	8630-8770	-60/-20
Northwestern region	92#	8750-8850	8700-8750	-50/-100
	95#	8900-9050	8850-8950	-50/-100
Northeast China	92#	9100-9100	9000-9000	-100/-100
	95#	9300-9300	9200-9200	-100/-100
Southwest China	92#	9250-9250	9200-9200	-50/-50
	95#	9400-9400	9350-9350	-50/-50

 

Future forecast

From the perspective of international crude oil, the Palestinian-Israeli conflict currently poses no threat to the actual supply of crude oil, and the market is less worried about geopolitical factors; in addition, the United States may relax sanctions on Venezuela, which may lead to an increase in crude oil supply. There is room for international oil prices to fall. In the middle and last ten days of the month, the performance pressure of the refinery increases gradually, the superimposed demand support is insufficient, and the refinery may still be dominated by the volume of shipments. Up to now, the rate of change of crude oil is still negative, and the new round of refined oil price adjustment window is expected to be reduced, and the news side is a negative guide. Taken together, it is expected that there is still room for decline in China's gasoline market in the short term.

 

 

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

Since 24:00 on October 10, 2023, the prices of gasoline and diesel in China have been reduced by 85 yuan and 80 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 24.

 

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	10415	9355
Tianjin	10380	9320
Hebei Province	10380	9320
Shanxi province	10450	9375
Liaoning province	10380	9320
Jilin Province	10380	9320
Heilongjiang province	10380	9320
Shanghai	10395	9325
Jiangsu Province	10435	9360
Zhejiang Province	10435	9375
Anhui province	10430	9370
Fujian Province	10455	9385
Jiangxi province	10435	9380
Shandong province	10390	9330
Hubei province	10405	9345
Hunan Province	10445	9405
Henan province	10400	9340
Hainan province	10525	9455
Chongqing	10595	9530
Guangdong province	10460	9390
Guangxi Zhuang Autonomous region	10525	9455
Ningxia Hui Autonomous region	10385	9320
Gansu province	10365	9340
Xinjiang Uygur Autonomous region	10160	9215
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	10395	9335
Chengdu city	10600	9555
Guiyang city	10560	9480
Kunming City	10590	9510
Xi'an city	10365	9330
Xining City	10345	9365

                                                                

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 VIB 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 9650 yuan and 8590 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.