Gasoline: Good news appears, and market prices are relatively firm

Gasoline: the news is good, and the market quotation is relatively strong

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231218	America	WTI	72.47	1.04
20231218	The United Kingdom	Brent	77.95	1.4

 

Gasoline price index

On December 19th, China's gasoline price index fell 8696.11, or 0.04%, while China's gasoline price index fell 2.70, or 0.03%, to 9029.49. 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 333.37.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in various regions of China is mainly stable, with small fluctuations in some regions. The price of gasoline in Shandong and North China has been raised by 2 yuan per ton, while the price in other areas has been stable. At present, the trading atmosphere in China's gasoline market is mild, the wait-and-see mood in the middle and lower reaches still exists, but some low replenishment, refinery quotations are strong, the adjustment range is limited.

December 19 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 12.18	Price 12.19	Rise and fall
North China region	92#	8250-9600	8250-9600	0/0
	95#	8430-9900	8430-9900	0/0
South China	92#	8550-9600	8570-9600	20/0
	95#	8750-9900	8770-9900	20/0
Central China	92#	8500-8800	8500-8800	0/0
	95#	8700-9100	8700-9100	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

 

December 19 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 12.18	Price 12.19	Rise and fall
Shandong area	92#	7990-8360	8110-8380	20/20
	95#	8160-8500	8180-8520	20/20
North China region	92#	8100-8170	8120-8170	20/0
	95#	8150-8270	8170-8270	20/0
Central China	92#	8430-8430	8430-8430	0/0
	95#	8630-8630	8630-8630	0/0
East China region	92#	8180-8350	8180-8350	0/0
	95#	8300-8480	8300-8480	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#	8550-8550	8550-8550	0/0
	95#	8700-8700	8700-8700	0/0

 

Future forecast

From the perspective of international crude oil, the US Energy Information Administration expects total US shale oil production to fall by about 1000 b / d to 9.692 million b / d in January next year; as Russia increases export cuts, supply-side tightening remains, coupled with the escalation of the Red Sea situation and the rebound in international oil prices, it is still necessary to continue to pay attention to the impact of the evolution of the Red Sea situation on transportation. From the perspective of the Chinese market, the mentality of the main price promotion is not reduced, the reduction of retail price limit is approaching, the willingness of refineries to follow the decline is weak, and the new round of price limit increases start to good news guidance. In addition, the northern blizzard weather is basically past, the car air conditioning support brought by the big drop in temperature is better, and the New Year's Day holiday is coming, the positive news side of the market has appeared. On the whole, it is expected that China's gasoline market will be stable 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.