Gasoline: International oil prices closed higher, and the market atmosphere was strong

Gasoline: the international oil price closed higher, and the market pushed up a strong atmosphere.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231128	America	WTI	76.41	1.55
20231128	The United Kingdom	Brent	81.68	1.7

 

Gasoline price index

On November 29th, China's gasoline price index rose 20.79, or 0.24%, to 8715.60, while China's gasoline price index rose 20.77, or 0.23%, to 9056.23. 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 340.63.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China has been raised mainly, specifically, the price in Northwest China is stable and has not been adjusted; the price of gasoline in other regions has been raised by 50-130 yuan / ton and is mostly concentrated in the low-end price. The ex-factory price of geo-refinery in various regions continued to be relaxed compared with yesterday's increase, with an increase of 50-200 yuan / ton. At present, the terminal demand of China's gasoline market is relatively stable, the international crude oil closed up yesterday, the monthly tasks of the main camp were well completed, and the market shipment situation improved yesterday, the price-up mentality of refineries increased, and the market pushed up a strong atmosphere.

November 29th wholesale price of gasoline (RMB / ton)
Area	Gasoline model	Price 11.28	Price 11.29	Rise and fall
North China region	92#	8250-9600	8320-9600	70/0
	95#	8450-9900	8520-9900	70/0
South China	92#	8550-9650	8600-9700	50/50
	95#	8800-9950	8850-10000	50/50
Central China	92#	8470-8700	8600-8750	130/50
	95#	8620-9050	8750-9050	130/0
East China region	92#	8350-9300	8400-9300	50/0
	95#	8550-9600	8650-9600	100/0
Northwestern region	92#	8250-9800	8250-9800	0/0
	95#	8350-10100	8350-10100	0/0
Southwest China	92#	8450-9000	8500-9000	50/0
	95#	8750-9430	8750-9430	0/0
Northeast China	92#	8320-8850	8345-8850	25/0
	95#	8530-9800	8580-9800	50/0

 

The ex-factory price of gasoline refining on November 29th (yuan / ton)
Area	Gasoline model	Price 11.28	Price 11.29	Rise and fall
Shandong area	92#	8130-8430	8170-8510	40/80
	95#	8260-8600	8350-8630	90/30
North China region	92#	8180-8300	8300-8300	120/0
	95#	8230-8400	8350-8400	120/0
Central China	92#	8530-8530	8730-8730	200/200
	95#	8730-8730	8930-8930	200/200
East China region	92#	8150-8380	8220-8450	70/70
	95#	8270-8530	8340-8580	70/50
Northwestern region	92#	7950-8250	7950-8250	0/0
	95#	8300-8450	8400-8450	100/0
Northeast China	92#	8250-8300	8300-8300	50/0
	95#	8500-8500	8500-8500	0/0
Southwest China	92#	8530-8530	8600-8600	70/70
	95#	8680-8680	8750-8750	70/70

 

Future forecast

From the perspective of international crude oil, the closing price of international oil prices is rising near the OPEC+ meeting. At present, there are inconsistencies within the OPEC+, but Saudi Arabia, the main producing country, is relatively firm in promoting production reduction; the interest rate increase cycle of the Federal Reserve interest rate adjustment may be coming to an end. In addition, EIA inventory data will be released soon, so we should pay more attention to it. At present, there is little pressure on refinery inventory in China's gasoline market, and the mentality of pushing up is strong. The market is worried that the rising stage starts ahead of time, and some traders choose the opportunity to enter the market, but there is no obvious bright spot in terms of real demand. Taken together, China's gasoline market is expected to maintain its current upward 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 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.