Gasoline Market Analysis on March 5

Analysis of gasoline Market on March 5th

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20240304	America	WTI	78.74	-1.23
20240304	The United Kingdom	Brent	82.8	-0.75

 

Gasoline price index

On March 5, China's gasoline price index rose 30.26%, or 0.34%, to 8916.14, while China's gasoline price index rose 33.39, or 0.36%, to 9223.94. 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 307.80.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China vary, with high-end gasoline prices in East China and Northwest China rising by 90-140 yuan per ton, gasoline prices in Southwest China reduced by 50 yuan per ton, and gasoline prices in other regions being sorted out. The ex-factory price is stable and weak, among which the gasoline price in Shandong and North China is reduced by 30-50 yuan per ton, and the gasoline price in other areas is stable. At present, the transaction in China's gasoline market is mediocre, and the international oil price has fallen, but the retail price limit of refined oil has been raised. Most regions of China's gasoline market have not followed the price limit increase, only the main gasoline price in the northwest region has increased significantly. On the demand side, the downstream wait-and-see mood is strong, and the purchase frequency is low.

March 5 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 3.4	Price 3.5	Rise and fall
North China region	92#	8500-9581	8500-9581	0/0
	95#	8700-9942	8700-9942	0/0
South China	92#	8900-9680	8900-9680	0/0
	95#	9100-9980	9100-9980	0/0
Central China	92#	8780-9400	8780-9400	0/0
	95#	8980-9700	8980-9700	0/0
East China region	92#	8600-9010	8600-9100	0/90
	95#	8800-9210	8800-9300	0/90
Northwestern region	92#	8700-9977	8700-10109	0/132
	95#	8900-10738	8900-10878	0/140
Southwest China	92#	8850-10146	8850-10146	-50/0
	95#	9050-9950	9050-9950	-50/0
Northeast China	92#	8580-8750	8580-8750	0/0
	95#	8810-9600	8810-9600	0/0

 

March 5 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 3.4	Price 3.5	Rise and fall
Shandong area	92#	8420-8870	8370-8870	-50/0
	95#	8450-9090	8400-9090	-50/0
North China region	92#	8570-8630	8540-8630	-30/0
	95#	8670-8680	8640-8680	-30/0
Central China	92#	8830-8830	8830-8830	0/0
	95#	9030-9030	9030-9030	0/0
East China region	92#	8490-8630	8490-8630	0/0
	95#	8610-8740	8610-8740	0/0
Northwestern region	92#	8500-8800	8500-8800	0/0
	95#	8650-9000	8650-9000	0/0
Northeast China	92#	8460-8550	8460-8550	0/0
	95#	8630-8750	8630-8750	0/0
Southwest China	92#	9100-9100	9100-9100	0/0
	95#	9200-9200	9200-9200	0/0

 

Future forecast

Geopolitical instability in international crude oil continues, OPEC + production cuts give a limited boost to the market, coupled with the maintenance of global economic weakness, the downside risk of international oil prices still exists. During the month, the performance pressure of the main unit is relatively small, the price-up mentality is OK, but the demand performance of China's gasoline market is weak, lack of positive factors boost, drag the gasoline market. Taken together, China's gasoline market is expected to decline slightly in the short term.

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

Since 24:00 on March 4, 2024, the prices of gasoline and diesel in China (standard products, the same below) will be increased by 125,120 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.

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 9105 yuan and 8065 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.