Gasoline: Crude oil's closing decline narrowed overnight, with China's gasoline mainly consolidated in the region

Gasoline: overnight crude oil closing decline narrowed, mainly in China's gasoline area.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231207	America	WTI	69.34	-0.04
20231207	The United Kingdom	Brent	74.05	-0.25

 

Gasoline price index

On December 8, China's gasoline price index fell 8690.18, or 0.08%, while China's gasoline price index fell 8.67, or 0.10%, to 9024.35. 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 334.17.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in various regions of China has been sorted out, and the low-end price of gasoline has been reduced in some areas, with a range of 50 yuan per ton. The price of local refinery remained at yesterday's level in most areas, but the price of gasoline in Shandong fluctuated up and down, and the high-end price of gasoline fell. At present, the trading atmosphere in China's gasoline market is general, and the enthusiasm of operators to enter the market is not good, and there is a rigid demand for replenishment while some stocks are eliminated. The refinery adjusts the quotation flexibly according to the completion of its own task.

December 8 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 12.7	Price 12.8	Rise and fall
North China region	92#	8280-9600	8280-9600	0/0
	95#	8480-9900	8480-9900	0/0
South China	92#	8500-9600	8500-9600	0/0
	95#	8700-9900	8700-9900	0/0
Central China	92#	8550-8900	8500-8900	-50/0
	95#	8700-9200	8700-9200	0/0
East China region	92#	8350-9300	8350-9300	0/0
	95#	8650-9600	8650-9600	0/0
Northwestern region	92#	8350-9760	8350-9760	0/0
	95#	8500-10020	8500-10020	0/0
Southwest China	92#	8500-9100	8500-9100	0/0
	95#	8700-9550	8700-9550	0/0
Northeast China	92#	8350-8850	8350-8800	-50/0
	95#	8600-9800	8600-9800	0/0

 

December 8 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 12.7	Price 12.8	Rise and fall
Shandong area	92#	8100-8420	8100-8420	0/0
	95#	8260-8560	8260-8540	0/-20
North China region	92#	8220-8260	8220-8260	0/0
	95#	8270-8360	8270-8360	0/0
Central China	92#	8420-8420	8420-8420	0/0
	95#	8620-8620	8620-8620	0/0
East China region	92#	8200-8410	8200-8410	0/0
	95#	8300-8540	8300-8540	0/0
Northwestern region	92#	8050-8350	8050-8350	0/0
	95#	8500-8550	8500-8550	0/0
Northeast China	92#	8300-8300	8300-8300	0/0
	95#	8500-8500	8500-8500	0/0
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, it reflects the weak supply and demand of crude oil market in many aspects. The decline in crude oil prices has narrowed to a relatively low level, which does not rule out the possibility that OPEC + will take new measures to stabilize oil prices. From the point of view of the Chinese market, the new round of retail price limit is expected to be greatly reduced, the enthusiasm of procurement in the middle and lower reaches is declining, and there is a rigid demand for procurement while eliminating the stock. And the probability of rain and snow in the north will increase next week, and vehicles will be restricted. There may be an improvement in supply. Taken together, it is expected that China's gasoline market will fluctuate slightly during the Spring Festival in the short term.

 

 

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

As of 24:00 on December 5, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be reduced by 55 yuan and 50 yuan 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 19.

 

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 9045 yuan and 8005 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.