Gasoline: Traders accelerated their entry into the market, and the gasoline market stopped falling and turned up

Gasoline: traders enter the market faster, gasoline market stops falling and goes up

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231102	America	WTI	82.46	2.02
20231102	The United Kingdom	Brent	86.85	2.22

 

Gasoline price index

On November 3, China's gasoline price index rose 25.75, or 0.29%, to 8836.89, while China's gasoline price index rose 26.10, or 0.29%, to 9169.91. 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 333.02.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China fluctuates in a narrow range, with high-end gasoline prices in Central China reduced by 50 yuan per ton, while gasoline prices in South China, East China and Southwest China increased by 50-100 yuan per ton. Arrange in the quotation area in other areas. The ex-factory price increase is relatively obvious, including gasoline prices in Shandong, North China, Central China, East China and Southwest China, with a range of 30-200 yuan per ton. Gasoline prices in the northwest and northeast regions are relatively stable. At present, the turnover of China's gasoline market is heating up, the supporting role of international oil prices is enhanced, the burden of China's main units and local refineries is reduced, and the current prices are relatively low, increasing the enthusiasm of traders to enter the market and the increase in hoarding operations.

November 3 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 11.2	Price 11.3	Rise and fall
North China region	92#	8150-9600	8150-9600	0/0
	95#	8350-10000	8350-10000	0/0
South China	92#	8550-9680	8600-9680	50/0
	95#	8800-9980	8850-9980	50/0
Central China	92#	8500-9000	8500-8950	0/-50
	95#	8650-9450	8650-9500	0/-50
East China region	92#	8400-9650	8450-9650	50/0
	95#	8600-10000	8650-10000	50/0
Northwestern region	92#	8330-10000	8330-10000	0/0
	95#	8530-10450	8530-10450	0/0
Southwest China	92#	8600-9200	8700-9200	100/0
	95#	8850-9500	8950-9500	100/0
Northeast China	92#	8450-9800	8450-9800	0/0
	95#	8800-10000	8800-10000	0/0

 

November 3 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 11.2	Price 11.3	Rise and fall
Shandong area	92#	7950-8250	8050-8300	100/50
	95#	8080-8460	8180-8500	100/40
North China region	92#	8030-8040	8130-8140	100/100
	95#	8090-8180	8190-8280	100/100
Central China	92#	8310-8310	8510-8510	200/200
	95#	8510-8510	8710-8710	200/200
East China region	92#	8120-8250	8150-8280	30/30
	95#	8240-8420	8270-8450	30/30
Northwestern region	92#	8050-8250	8050-8250	0/0
	95#	8200-8450	8200-8450	0/0
Northeast China	92#	8300-8400	8300-8400	0/0
	95#	8600-8600	8600-8600	0/0
Southwest China	92#	8650-8650	8700-8700	50/50
	95#	8800-8800	8850-8850	50/50

 

Future forecast

From the perspective of international crude oil, international oil prices rebounded and closed higher after falling for three consecutive days, the Federal Reserve kept its benchmark interest rate unchanged in November, the support of geopolitical events weakened, risk appetite increased, and international oil prices had room to rise. From the perspective of the Chinese market, the entry operation of traders in the middle and lower reaches of the market is accelerated under the lower supply expectations, the price of China's gasoline market shows an upward trend, but the demand side of China is weak, and the new round of price limit adjustment of refined oil products is expected to negatively guide or restrain the increase. Taken together, it is expected that China's gasoline market may rise 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.