Gasoline: Retail price limit reduction is approaching, and the market wait-and-see atmosphere remains unchanged

Gasoline: the retail price limit is coming down, and the market wait-and-see atmosphere remains unchanged.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231214	America	WTI	71.58	2.11
20231214	The United Kingdom	Brent	76.61	2.35

 

Gasoline price index

On December 15, China's gasoline price index rose 7.59, or 0.09%, to 8696.92, while China's gasoline price index rose 7.72, or 0.09%, to 9029.91. 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 332.99.

Gasoline market analysis:

Today, the main wholesale price of gasoline in various regions of China is relatively strong, with the low-end price of gasoline in South China rising by 50 yuan per ton, the middle price of gasoline in East China rising slightly, and wholesale prices in other regions temporarily stable. The quotation of local refineries in Shandong area has been lowered slightly. The range is concentrated at 20 yuan / ton, and the ex-factory price in other areas is stable. At present, the trading atmosphere in China's gasoline market is light, the international crude oil closing price is rising, but a new round of retail price limit reduction is approaching, the market wait-and-see atmosphere is not abating, and shipments in Shandong are not good due to the weather, so there are many downgrades, while the main quotations are relatively stable.

December 15 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 12.14	Price 12.15	Rise and fall
North China region	92#	8300-9600	8300-9600	0/0
	95#	8480-9900	8480-9900	0/0
South China	92#	8500-9600	8550-9600	50/0
	95#	8700-9900	8750-9900	50/0
Central China	92#	8550-8800	8550-8800	0/0
	95#	8750-9100	8750-9100	0/0
East China region	92#	8400-9300	8400-9300	0/0
	95#	8600-9600	8600-9600	0/0
Northwestern region	92#	8350-9760	8350-9760	0/0
	95#	8500-10020	8500-10020	0/0
Southwest China	92#	8600-9000	8600-9000	0/0
	95#	8800-9350	8800-9350	0/0
Northeast China	92#	8350-8800	8350-8800	0/0
	95#	8600-9800	8600-9800	0/0

 

The ex-factory price of gasoline refinery on December 15 (RMB / ton)
Area	Gasoline model	Price 12.14	Price 12.15	Rise and fall
Shandong area	92#	8050-8400	8050-8380	0/-20
	95#	8220-8540	8220-8520	0/-20
North China region	92#	8150-8200	8150-8200	0/0
	95#	8200-8300	8200-8300	0/0
Central China	92#	8410-8410	8410-8410	0/0
	95#	8610-8610	8610-8610	0/0
East China region	92#	8200-8390	8200-8390	0/0
	95#	8320-8520	8320-8520	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#	8600-8600	8600-8600	0/0
	95#	8750-8750	8750-8750	0/0

 

Future forecast

From the perspective of international crude oil, the IEA raised its forecast for global crude oil demand growth next year, and the number of unemployment benefits recorded in the United States decreased, resulting in an increase in positive factors. International oil prices rose for two consecutive working days, and the market has been repaired. Due to the weather in Shandong area, vehicles are restricted on high speed and refinery shipments are blocked. The completion of the task of the main unit at the end of the year is relatively good, coupled with the difficulties in the dispersion of gasoline resources in Shandong, the main quotation is relatively strong. However, next week's retail price adjustment is basically a foregone conclusion, the news is a negative guide. Taken together, China's gasoline market is expected to continue to be weak 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.