Gasoline: Local refiners have a good mentality of supporting prices, and refinery prices have increased slightly

Gasoline: the price-up mentality of the refinery is OK, and the price quoted by the refinery is slightly higher.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231127	America	WTI	74.86	-0.68
20231127	The United Kingdom	Brent	79.98	-0.6

 

Gasoline price index

On November 28th, China's gasoline price index rose 2.44, or 0.03%, to 8694.80, while China's gasoline price index rose 1.64, or 0.02%, to 9035.46. 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 340.65.

 

Gasoline market analysis:

Today, the main batch of gasoline in China has both ups and downs, of which the lower quotation areas are concentrated in South China and East China, with a downward adjustment of 20-50 yuan per ton. Gasoline prices in North China, Northwest China and Southwest China will be raised by 50-80 yuan per ton. The ex-factory price of Geolian has been raised in many places, including gasoline prices in Shandong, North China, Central China, Northwest and Southwest regions by 30-100 yuan per ton, while gasoline prices in East China and Northeast China are stable. At present, the rigid demand procurement in the middle and lower reaches of China's gasoline market, the trading atmosphere is OK; near the end of the month, the main business flexibly adjusts the quotation according to the completion of its monthly tasks, and the mindset of the price-up mentality is OK, slightly rising.

November 28 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 11.27	Price 11.28	Rise and fall
North China region	92#	8200-9600	8250-9600	50/0
	95#	8400-9900	8450-9900	50/0
South China	92#	8580-9680	8550-9650	-30/-30
	95#	8830-9980	8800-9950	-30/-30
Central China	92#	8470-8700	8470-8700	0/0
	95#	8620-9050	8620-9050	0/0
East China region	92#	8400-9300	8350-9300	-50/0
	95#	8570-9600	8550-9600	-20/0
Northwestern region	92#	8180-9800	8250-9800	70/0
	95#	8350-10100	8350-10100	0/0
Southwest China	92#	8450-9000	8450-9000	0/0
	95#	8750-9350	8750-9430	0/80
Northeast China	92#	8320-8850	8320-8850	0/0
	95#	8530-9800	8530-9800	0/0

 

November 28 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 11.27	Price 11.28	Rise and fall
Shandong area	92#	8050-8390	8130-8430	80/40
	95#	8240-8550	8260-8600	20/50
North China region	92#	8150-8250	8180-8300	30/50
	95#	8200-8350	8230-8400	30/50
Central China	92#	8430-8430	8530-8530	100/100
	95#	8630-8630	8730-8730	100/100
East China region	92#	8150-8380	8150-8380	0/0
	95#	8270-8530	8270-8530	0/0
Northwestern region	92#	7950-8150	7950-8250	0/100
	95#	8150-8350	8150-8450	0/100
Northeast China	92#	8250-8300	8250-8300	0/0
	95#	8500-8500	8500-8500	0/0
Southwest China	92#	8500-8500	8530-8530	30/30
	95#	8650-8650	8680-8680	30/30

 

Future forecast

From the international crude oil point of view, the current high attention is still the OPEC+ meeting, the market wait-and-see mood is strong on the eve of the meeting, there are still some uncertain factors, traders are still worried. In addition, there are other negative factors if the results of the meeting do not meet market expectations, the pressure on the oil market is expected to increase. On the contrary, boost the market. At present, the overall inventory of refineries in China's gasoline market is relatively low, refineries are not willing to fall prices, gasoline prices have fallen to a low level, but demand-side performance is weaker than expected to suppress oil prices. On the whole, China's gasoline market is expected to maintain a stable operation 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 21, 2023, the prices of gasoline and diesel in China have been reduced by RMB340,330 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 December 5.

 

Schedule

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

Unit: yuan / ton

                                                                

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 9100 yuan and 8055 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.