Gasoline: Crude oil closed slightly higher overnight, with limited fluctuations in the Chinese gasoline market

Gasoline: overnight crude oil closed up slightly, and the fluctuation of China's gasoline market is limited.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231211	America	WTI	71.32	0.09
20231211	The United Kingdom	Brent	76.03	0.19

 

Gasoline price index

On December 12, China's gasoline price index rose 4.34, or 0.05%, to 8699.79, while China's gasoline price index rose 4.72, or 0.05%, to 9034.81. 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 335.02.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in various regions of China is mainly arranged in the area, and the price adjustment direction is different in different regions. The quotations of local refineries have been lowered in some areas, including gasoline prices in North China, East China and Southwest China by 20-50 yuan per ton, gasoline prices in Shandong Province have been lowered, and gasoline prices in other areas remain unchanged. At present, the trading atmosphere in China's gasoline market is light, the wait-and-see mood in the middle and lower reaches is strong, and there is a rigid demand for procurement while eliminating the stock; refineries mostly flexibly adjust their quotations according to market conditions, and preferential policies are not reduced.

December 12 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 12.11	Price 12.12	Rise and fall
North China region	92#	8350-9600	8350-9600	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	8550-8850	0/-50
	95#	8750-9200	8750-9150	0/-50
East China region	92#	8400-9300	8400-9300	0/0
	95#	860-9600	860-9600	0/0
Northwestern region	92#	8350-9760	8350-9760	0/0
	95#	8500-10020	8500-10020	0/0
Southwest China	92#	8650-9000	8650-9000	0/0
	95#	8850-9350	8850-9350	0/0
Northeast China	92#	8350-8800	8350-8800	0/0
	95#	8600-9800	8600-9800	0/0

 

December 12 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 12.11	Price 12.12	Rise and fall
Shandong area	92#	8150-8440	8150-8440	0/0
	95#	8280-8560	8280-8560	0/0
North China region	92#	8250-8270	8200-8230	-50/-40
	95#	8300-8370	8250-8330	-50/-40
Central China	92#	8440-8440	8440-8440	0/0
	95#	8640-8640	8640-8640	0/0
East China region	92#	8250-8470	8230-8420	-20/-50
	95#	8370-8600	8350-8550	-20/-50
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	8620-8620	-30/-30
	95#	8800-8800	8770-8770	-30/-30

 

Future forecast

From the perspective of international crude oil, at present, the international oil market is multi-intertwined with positive factors, the market wait-and-see mood still exists, and the support for oil prices is relatively weak. From the perspective of the Chinese market, the new round of retail price adjustment of refined oil products still shows a downward expectation, and the news is a negative guide. Market demand continues to be poor, speculative demand is insufficient, but the tasks of some sales units are OK at the end of the year, and Poly space is still there. On the whole, the market lacks substantial positive support, and the operation of the gasoline market is relatively weak. Taken together, China's gasoline market is expected to fluctuate within a narrow range 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.