Gasoline: Crude oil closed down, and transactions in the gasoline market were moderate

Gasoline: crude oil closed down, gasoline market turnover was mediocre

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20231221	America	WTI	73.89	-0.33
20231221	The United Kingdom	Brent	79.39	-0.31

 

Gasoline price index

On December 22nd, China's gasoline price index was 8654.12, down 12.96, or 0.15%, while China's gasoline price index was 8983.23, up 0.76, or 0.01%. 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 329.11.

 

Gasoline market analysis:

Today, there are ups and downs in wholesale gasoline prices in most parts of China, and high-end gasoline prices in South and East China have declined significantly, with a range of 160-450 yuan per ton. The price of gasoline in Northwest China will be reduced by 50 yuan per ton. The ex-factory price of the local refinery is relatively stable, only a small reduction in the price area of Shandong, and the price of gasoline in other areas is stable. At present, the turnover of China's gasoline market is moderate, and the enthusiasm of traders in the middle and lower reaches to enter the market is OK, and there is a rigid demand for replenishment at the same time. The price quoted by the refinery is relatively strong and fluctuates little.

December 22 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 12.21	Price 12.22	Rise and fall
North China region	92#	8250-9600	8250-9600	0/0
	95#	8430-9900	8430-9900	0/0
South China	92#	8600-9300	8550-9300	-50/0
	95#	8800-9600	8750-9600	-50/0
Central China	92#	8550-8850	8550-8850	0/0
	95#	8750-9150	8750-9150	0/0
East China region	92#	8400-9300	8400-8850	0/-450
	95#	8600-9600	8600-9600	0/0
Northwestern region	92#	8350-9600	8350-9600	0/-160
	95#	8500-9860	8500-9860	0/-160
Southwest China	92#	8630-9000	8630-9050	0/50
	95#	8830-9350	8830-9400	0/50
Northeast China	92#	8350-8800	8350-8800	0/0
	95#	8600-9800	8600-9800	0/0

 

December 22 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 12.21	Price 12.22	Rise and fall
Shandong area	92#	8050-8400	8050-8400	0/0
	95#	8200-8540	8200-8540	0/0
North China region	92#	8160-8250	8160-8250	0/0
	95#	8210-8350	8210-8350	0/0
Central China	92#	8430-8430	8430-8430	0/0
	95#	8630-8630	8630-8630	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#	8250-8300	8250-8300	0/0
	95#	8450-8500	8450-8500	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, how the Red Sea incident evolved into a focus of attention in the near future, and Angola's withdrawal from the OPEC Organization, the market weighed the positive and negative effects. From the perspective of the Chinese market, the automotive air conditioning support brought about by cooling still exists, and New Year's Day's holiday is approaching, and the wait-and-see mood in the market has eased somewhat. The middle and lower reaches choose the opportunity to enter the market, and the demand may be improved. Taken together, it is expected that China's gasoline market may have room to rise in the short term.

 

 

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

Since 24:00 on December 19, 2023, the prices of gasoline and diesel in China have been reduced by RMB415,400 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.

 

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 8630 yuan and 7605 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.