Gasoline: The market is mostly bad news, and the trading atmosphere is light

Gasoline: the market is mostly bad news, and the trading atmosphere is light.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231116	America	WTI	72.9	-3.76
20231116	The United Kingdom	Brent	77.42	-3.76

 

Gasoline price index

On November 17, China's gasoline price index fell by 22.22, or 0.26%, to 8689.26, while China's gasoline price index fell by 9049.65, down 23.68, or 0.26%. 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 360.38.

 

Gasoline market analysis:

Today, China's gasoline wholesale is mainly down in most areas, including gasoline prices in North China, South China, Central China, Southwest and Northeast China, with a reduction of 50-150 yuan per ton, and the price in Northwest China is stable. East China quotation area. The ex-factory price of georefining has been reduced slightly, of which gasoline prices in Shandong, North China, East China and Southwest China have been reduced by 10-60 yuan per ton, while gasoline prices in Northeast, Northwest and Central China remain unchanged. At present, the trading atmosphere in China's gasoline market has weakened, the international oil price has closed down, and the bearish sentiment of traders has not abated. In terms of superimposed supply, the refining profits of some refineries can still increase the load. On the whole, the market is mostly bad news, and the trading atmosphere is light.

November 17 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 11.16	Price 11.17	Rise and fall
North China region	92#	8230-9600	8120-9600	-110/0
	95#	8430-9900	8330-9900	-100/0
South China	92#	8500-9600	8450-9550	-50/-50
	95#	8750-9900	8700-9850	-50/-50
Central China	92#	8500-9000	8400-8800	-100/-200
	95#	8700-9200	8550-9100	-150/-100
East China region	92#	8370-9500	8350-9500	-20/0
	95#	8520-9800	8520-9800	0/0
Northwestern region	92#	8180-9900	8180-9900	0/0
	95#	8350-10270	8350-10270	0/0
Southwest China	92#	8400-9000	8350-9000	-50/0
	95#	8700-9330	8550-9300	-150/-30
Northeast China	92#	8320-8900	8300-8900	-20/0
	95#	8580-10000	8530-10000	-50/0

 

November 17 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 11.16	Price 11.17	Rise and fall
Shandong area	92#	8050-8350	8050-8310	0/-40
	95#	8150-8520	8150-8480	0/-40
North China region	92#	8160-8220	8150-8160	-10/-60
	95#	8210-8320	8200-8260	-10/-60
Central China	92#	8240-8240	8240-8240	0/0
	95#	8440-8440	8440-8440	0/0
East China region	92#	8130-8280	8100-8250	-30/-30
	95#	8250-8450	8220-8420	-30/-30
Northwestern region	92#	7950-8150	7950-8150	0/0
	95#	8150-8350	8150-8350	0/0
Northeast China	92#	8300-8300	8300-8300	0/0
	95#	8500-8500	8500-8500	0/0
Southwest China	92#	8400-8400	8370-8370	-30/-30
	95#	8550-8550	8520-8520	-30/-30

 

Future forecast

From the perspective of international crude oil, the number of jobless claims announced by the United States has risen to its highest level since March, and US labor market conditions continue to loosen negative oil prices. In addition, the accumulation of commercial crude oil in the United States in the early stage is obviously also bad for oil prices. At present, the negative factors in the international oil market are unabated, and the market is more worried about the demand outlook. In addition, the market is waiting for the new OPEC+ meeting and whether the APEC meeting will bring new guidelines. The Chinese market is boring and boring means unchanged, most of the market is pessimistic about Chinese demand, with the adoption of small sales orders, the market has no good news guidance for the time being. From near the refined oil price adjustment day, the international crude oil fell in a wide range yesterday, and the rate of change of crude oil was negative and deepened, and the news was bearish. Taken together, China's gasoline market is expected to maintain a downward trend in the short term.

 

 

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

Since 24:00 on November 7, 2023, the prices of gasoline and diesel oil in China have been reduced by 140yuan and 135yuan 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 November 21.

 

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	10205	9150
Tianjin	10170	9115
Hebei Province	10170	9115
Shanxi province	10240	9170
Liaoning province	10170	9115
Jilin Province	10170	9115
Heilongjiang province	10170	9115
Shanghai	10185	9120
Jiangsu Province	10225	9155
Zhejiang Province	10225	9170
Anhui province	10220	9165
Fujian Province	10245	9180
Jiangxi province	10225	9175
Shandong province	10180	9125
Hubei province	10195	9140
Hunan Province	10235	9200
Henan province	10190	9135
Hainan province	10315	9250
Chongqing	10385	9325
Guangdong province	10250	9185
Guangxi Zhuang Autonomous region	10315	9250
Ningxia Hui Autonomous region	10175	9115
Gansu province	10155	9135
Xinjiang Uygur Autonomous region	9950	9010
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	10185	9130
Chengdu city	10390	9350
Guiyang city	10350	9275
Kunming City	10380	9305
Xi'an city	10155	9125
Xining City	10135	9160

                                                                

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 9440 yuan and 8385 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.