Gasoline: Most of the main products have been lowered, while most of the local refineries have declined

Gasoline: the main business is mainly downgraded, while the georefining industry is mostly downward.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231030	America	WTI	82.31	-3.23
20231030	The United Kingdom	Brent	87.45	-3.03

 

Gasoline price index

On October 31, China's gasoline price index fell 8863.17, down 24.48, or 0.28%, while China's gasoline price index fell 9202.48, down 23.01, or 0.25%. 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 339.31.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China is mostly down, with gasoline prices in North China, South China, Central China, Southwest China and Northeast China reduced by 30-80 yuan per ton. The ex-factory price of geo-refinery fell in most areas, with a range of 30-100 yuan / ton. The price of Shengma Chemical Industry in Southwest China remains unchanged. At present, the trading atmosphere in China's gasoline market is weak, and there is still a wait-and-see mood among traders in the middle and lower reaches. Refinery volume volume discount operation is not reduced, but the price continuous decline of the current relatively low, the decline has slowed.

Main wholesale price of gasoline on October 31 (RMB / ton)
Area	Gasoline model	Price 10.30	Price 10.31	Rise and fall
North China region	92#	8200-9600	8170-9600	-30/0
	95#	8400-10000	8370-10000	-30/0
South China	92#	8650-9680	8600-9680	-50/0
	95#	8900-9980	8850-9980	-50/0
Central China	92#	8650-9150	8550-9150	-50/0
	95#	8800-9450	8750-9450	-50/0
East China region	92#	8400-9650	8400-9650	0/0
	95#	8600-10000	8600-10000	0/0
Northwestern region	92#	8330-10000	8330-10000	0/0
	95#	8530-10450	8530-10450	0/0
Southwest China	92#	8700-9200	8600-9200	-100/0
	95#	8900-9550	8850-9500	-50/-50
Northeast China	92#	8600-9800	8550-9800	-50/0
	95#	8900-10000	8720-10000	-80/0

 

The ex-factory price of gasoline refining on October 31 (RMB / ton)
Area	Gasoline model	Price 10.30	Price 10.31	Rise and fall
Shandong area	92#	8050-8300	7950-8300	-100/0
	95#	8130-8470	8080-8470	-50/0
North China region	92#	8080-8150	8030-8050	-50/-100
	95#	8200-8230	8100-8180	-100/-50
Central China	92#	8290-8290	8260-8260	-30/-30
	95#	8490-8490	8460-8460	-30/-30
East China region	92#	8180-8380	8150-8280	-30/-100
	95#	8300-8550	8270-8450	-30/-100
Northwestern region	92#	8150-8250	8100-8250	-50/0
	95#	8300-8450	8250-8450	-50/0
Northeast China	92#	8450-8600	8450-8500	0/-100
	95#	8800-8800	8800-8700	0/-100
Southwest China	92#	8650-8650	8650-8650	0/0
	95#	8800-8800	8800-8800	0/0

 

Future forecast

From the perspective of international crude oil, geopolitical uncertainty is still continuing, and the market mentality is also switching back and forth as conflict expectations expand and cool. The performance of the superimposed global economy is more tired and negative. At present, the gasoline market has been declining for many days in a row, the price is relatively low, the decline may be narrowed. In addition, it is about to enter a new round of performance calculation cycle of the main unit in November, the performance pressure at the beginning of the month is relatively small, and the willingness to fall sharply is weakened. In terms of gasoline terminal demand, some northern areas should take temporary traffic management measures for heavy air pollution, the driving of vehicles is limited, and there is no favorable support in terms of demand. Taken together, 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 October 24, 2023, the price of gasoline and diesel in China has been reduced by 70 yuan per ton (standard, the same below). 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 November 7.

 

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	10345	9285
Tianjin	10310	9250
Hebei Province	10310	9250
Shanxi province	10380	9305
Liaoning province	10310	9250
Jilin Province	10310	9250
Heilongjiang province	10310	9250
Shanghai	10325	9255
Jiangsu Province	10365	9290
Zhejiang Province	10365	9305
Anhui province	10360	9300
Fujian Province	10385	9315
Jiangxi province	10365	9310
Shandong province	10320	9260
Hubei province	10335	9275
Hunan Province	10375	9335
Henan province	10330	9270
Hainan province	10455	9385
Chongqing	10525	9460
Guangdong province	10390	9320
Guangxi Zhuang Autonomous region	10455	9385
Ningxia Hui Autonomous region	10315	9250
Gansu province	10295	9270
Xinjiang Uygur Autonomous region	10090	9145
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	10325	9265
Chengdu city	10530	9485
Guiyang city	10490	9410
Kunming City	10520	9440
Xi'an city	10295	9260
Xining City	10275	9295

                                                                

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 9580 yuan and 8520 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.