Tu Duoduo Gasoline Industry Weekly-No. 20230831
97,880 
August 31, 2023, 5:04 PM
Gasoline Special issue-20230831 issue
I. International crude oil futures price
|
Date |
WTI |
Brent |
Muerban |
DME Oman |
Shanghai crude oil |
WTI/ Brent spread |
Brent / DME Oman spread |
|
20230824 |
79.05 |
83.36 |
86.25 |
85.19 |
625.1 |
-4.31 |
-1.83 |
|
20230830 |
81.63 |
85.86 |
88.14 |
87.13 |
637 |
-4.23 |
-1.27 |
|
The rate of change compared with last week |
3.47% |
3.18% |
2.56% |
2.10% |
-0.03% |
-2.08% |
-40.38% |
|
Remarks: 1. Except for Shanghai crude oil, the price units of other oil products in the price list are US dollars per barrel. |
|||||||
II. Summary of gasoline market
This week (20230825-20230831), the wholesale prices of gasoline in South and East China and Central China were increased by 50-80 yuan per ton, while those in Northeast and Southwest China and Central China were reduced by 10-50 yuan per ton. North China and Northwest China remain relatively stable for the time being. The price of gasoline in Shandong, North China, Central China, East China and Northwest China has been increased by 30-100 yuan per ton, while the price of gasoline in Northeast China remains unchanged. The main factors of the gasoline market this week: 1, international crude oil, the dollar index fell sharply during the week, API warehouse data is better, international oil prices rose but September interest rate hikes are uncertain to curb the rise. 2. In the Chinese market, near the peak demand season of gold, silver and silver, there is a certain willingness to prepare goods in the middle and lower reaches, but the price is relatively high at present. The cautious attitude of traders is still insufficient to follow up, and the overall performance of demand is mediocre.
III. Gasoline price index
According to Tuduoduo data, as of August 31, China's gasoline price index was 9280.47, up 19.11% from last week, an increase of 0.21%. The gasoline price index was 9602.63, up 21.43% from last week, or 0.22%. The 9-month and 9-month gasoline indices were both raised, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 322.16.
IV. Spot market for gasoline
1. Price comparison of gasoline Market in China
|
Comparison of main wholesale price of gasoline (yuan / ton) |
|||||
|
Area |
Gasoline model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
North China region |
92# |
8950-9710 |
8950-9710 |
0/0 |
0.00%/0.00% |
|
95# |
9150-10090 |
9150-10090 |
0/0 |
0.00%/0.00% |
|
|
South China |
92# |
9100-9450 |
9100-9530 |
0/80 |
0.00%/0.85% |
|
95# |
9350-9750 |
9350-9830 |
0/80 |
0.00%/0.82% |
|
|
Central China |
92# |
8950-9300 |
9020-9300 |
70/0 |
0.78%/0.00% |
|
95# |
9250-9550 |
9200-9600 |
-50/50 |
-0.54%/0.52% |
|
|
East China region |
92# |
8950-9600 |
9000-9600 |
50/0 |
0.56%/0.00% |
|
95# |
9150-9900 |
9200-9900 |
50/0 |
0.55%/0.00% |
|
|
Northwestern region |
92# |
9000-10134 |
9000-10134 |
0/0 |
0.00%/0.00% |
|
95# |
9200-10910 |
9200-10910 |
0/0 |
0.00%/0.00% |
|
|
Southwest China |
92# |
9130-9480 |
9150-9470 |
20/-10 |
0.22%/-0.11% |
|
95# |
9400-9830 |
9350-9820 |
-50/-10 |
-0.53%/-0.10% |
|
|
Northeast China |
92# |
9050-9800 |
9045-9800 |
-5/0 |
-0.06%/0.00% |
|
95# |
9400-10400 |
9395-10400 |
-5/0 |
-0.05%/0.00% |
|
|
Comparison of ex-factory price of gasoline refinery (yuan / ton) |
|||||
|
Area |
Gasoline model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Shandong area |
92# |
8700-9030 |
8740-9110 |
40/80 |
0.46%/0.89% |
|
95# |
8870-9220 |
8900-9250 |
30/30 |
0.34%/0.33% |
|
|
North China region |
92# |
8770-9000 |
8780-9030 |
10/30 |
0.11%/0.33% |
|
95# |
8870-9050 |
8910-9080 |
40/30 |
0.45%/0.33% |
|
|
Central China |
92# |
8980-8980 |
9030-9030 |
50/50 |
0.56%/0.56% |
|
95# |
9180-9180 |
9230-9230 |
50/50 |
0.54%/0.54% |
|
|
East China region |
92# |
8810-8900 |
8830-8980 |
20/80 |
0.23%/0.90% |
|
95# |
8930-9050 |
8950-9150 |
20/100 |
0.22%/1.10% |
|
|
Northwestern region |
92# |
8900-9000 |
8950-9000 |
50/0 |
0.56%/0.00% |
|
95# |
9050-9200 |
9100-9200 |
50/0 |
0.55%/0.00% |
|
|
Northeast China |
92# |
9050-9050 |
9050-9050 |
0/0 |
0.00%/0.00% |
|
95# |
9250-9250 |
9250-9250 |
0/0 |
0.00%/0.00% |
|
2. Gasoline market price comparison in different regions
(1) Northeast China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Jilin |
92# |
9450-9850 |
9450-9850 |
0/0 |
0.00%/0.00% |
|
95# |
10220-10220 |
10220-10220 |
0/0 |
0.00%/0.00% |
|
|
Liaoning |
92# |
9050-9826 |
9045-9885 |
-5/59 |
-0.06%/0.60% |
|
95# |
9445-10440 |
9445-10440 |
0/0 |
0.00%/0.00% |
|
|
Heilongjiang Province |
92# |
9250-9250 |
9300-9300 |
50/50 |
0.54%/0.54% |
|
95# |
- |
9550-9550 |
- |
- |
(2) East China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Shanghai |
92# |
8950-9050 |
9000-9050 |
50/0 |
0.56%/0.00% |
|
95# |
9150-9250 |
9200-9250 |
50/0 |
0.55%/0.00% |
|
|
Shandong |
92# |
9330-9600 |
9380-9600 |
50/0 |
0.54%/0.00% |
|
95# |
9480-9900 |
9530-9900 |
50/0 |
0.53%/0.00% |
|
|
Jiangsu Province |
92# |
9100-9100 |
9170-9200 |
70/100 |
0.77%/1.10% |
|
95# |
9350-9400 |
9420-9500 |
70/100 |
0.75%/1.06% |
|
|
Zhejiang |
92# |
9050-9250 |
9100-9300 |
50/50 |
0.55%/0.54% |
|
95# |
9250-9450 |
9300-9500 |
50/50 |
0.54%/0.53% |
(3) Central China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Anhui Province |
92# |
9200-9200 |
9200-9200 |
0/0 |
0.00%/0.00% |
|
95# |
9400-9400 |
9400-9400 |
0/0 |
0.00%/0.00% |
|
|
Jiangxi Province |
92# |
9250-9300 |
9200-9200 |
-50/-100 |
-0.54%/-1.08% |
|
95# |
9450-9500 |
9400-9400 |
-50/-100 |
-0.53%/-1.05% |
|
|
Hubei province |
92# |
9050-9250 |
9070-9300 |
20/50 |
0.22%/0.54% |
|
95# |
9250-9550 |
9270-9600 |
20/50 |
0.22%/0.52% |
|
|
Hunan |
92# |
9100-9250 |
9150-9250 |
50/0 |
0.55%/0.00% |
|
95# |
9300-9500 |
9400-9450 |
100/-50 |
1.08%/-0.53% |
(4) North China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Inner Mongolia Autonomous region |
92# |
9100-9150 |
9100-9100 |
0/-50 |
0.00%/-0.55% |
|
95# |
9300-9350 |
9300-9300 |
0/-50 |
0.00%/-0.53% |
|
|
Beijing |
92# |
9350-9400 |
9350-9400 |
0/0 |
0.00%/0.00% |
|
95# |
9550-9600 |
9550-9600 |
0/0 |
0.00%/0.00% |
|
|
Tianjin |
92# |
8950-9050 |
8950-9100 |
0/50 |
0.00%/0.55% |
|
95# |
9150-9250 |
9150-9350 |
0/100 |
0.00%/1.08% |
|
|
Shanxi Province |
92# |
9240-9400 |
9190-9400 |
-50/0 |
-0.54%/0.00% |
|
95# |
9460-9750 |
9400-9750 |
-60/0 |
-0.63%/0.00% |
|
|
Hebei |
92# |
9100-9730 |
9100-9730 |
0/0 |
0.00%/0.00% |
|
95# |
9360-10090 |
9360-10090 |
0/0 |
0.00%/0.00% |
|
|
Henan |
92# |
9130-9660 |
9270-9660 |
140/0 |
1.53%/0.00% |
|
95# |
9380-10010 |
9520-10010 |
140/0 |
1.49%/0.00% |
(5) South China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Guangdong |
92# |
9200-9450 |
9250-9530 |
50/80 |
0.54%/0.85% |
|
95# |
9500-9750 |
9550-9830 |
50/80 |
0.53%/0.82% |
|
|
Hainan |
92# |
9250-9400 |
9250-9400 |
0/0 |
0.00%/0.00% |
|
95# |
9450-9600 |
9450-9600 |
0/0 |
0.00%/0.00% |
|
|
Fujian |
92# |
9100-9300 |
9100-9300 |
0/0 |
0.00%/0.00% |
|
95# |
9350-9550 |
9350-9550 |
0/0 |
0.00%/0.00% |
(6) Northwest China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Ningxia Hui Autonomous region |
92# |
9100-9910 |
9000-9910 |
-100/0 |
-1.10%/0.00% |
|
95# |
9200-10291 |
9200-10291 |
0/0 |
0.00%/0.00% |
|
|
Xinjiang Uygur Autonomous region |
92# |
10135-10135 |
10135-10135 |
0/0 |
0.00%/0.00% |
|
95# |
9280-9280 |
10700-10700 |
1420/1420 |
15.30%/15.30% |
|
|
Gansu |
92# |
9100-10310 |
9100-10360 |
0/50 |
0.00%/0.48% |
|
95# |
9350-10210 |
960-10970 |
-8390/760 |
-89.73%/7.44% |
|
|
Xizang Autonomous region |
92# |
9950-9950 |
9950-9950 |
0/0 |
0.00%/0.00% |
|
95# |
10210-10210 |
10350-10350 |
140/140 |
1.37%/1.37% |
|
|
Shaanxi |
92# |
9000-9840 |
9080-9840 |
80/0 |
0.89%/0.00% |
|
95# |
10210-10970 |
9280-10210 |
-930/-760 |
-9.11%/-6.93% |
|
|
Qinghai |
92# |
9580-9580 |
9580-9580 |
0/0 |
0.00%/0.00% |
|
95# |
10973-10973 |
9980-9980 |
-993/-993 |
-9.05%/-9.05% |
(7) Southwest China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Yunnan |
92# |
9230-9450 |
9230-9470 |
0/20 |
0.00%/0.21% |
|
95# |
9680-9930 |
9680-9980 |
0/50 |
0.00%/0.50% |
|
|
Sichuan |
92# |
9350-9400 |
9400-9450 |
50/50 |
0.53%/0.53% |
|
95# |
9600-9700 |
9650-9750 |
50/50 |
0.52%/0.52% |
|
|
Guangxi Zhuang Autonomous region |
92# |
9150-10480 |
9150-10530 |
0/50 |
0.00%/0.48% |
|
95# |
9400-11090 |
9450-11150 |
50/60 |
0.53%/0.54% |
|
|
Guizhou |
92# |
9350-9350 |
9350-9400 |
0/50 |
0.00%/0.53% |
|
95# |
9650-9650 |
9650-9700 |
0/50 |
0.00%/0.52% |
|
|
Chongqing |
92# |
9130-9600 |
9150-9650 |
20/50 |
0.22%/0.52% |
|
95# |
9400-10000 |
9350-10000 |
-50/0 |
-0.53%/0.00% |
(8) Northeast geochemistry
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Jilin |
92# |
9050-9050 |
9050-9050 |
0/0 |
0.00%/0.00% |
|
95# |
9250-9250 |
9250-9250 |
0/0 |
0.00%/0.00% |
|
|
Liaoning |
92# |
- |
- |
- |
- |
|
95# |
- |
- |
- |
- |
(9) East China geochemistry
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Jiangsu Province |
92# |
8810-8900 |
8830-8980 |
20/80 |
0.23%/0.90% |
|
95# |
8930-9050 |
8950-9150 |
20/100 |
0.22%/1.10% |
(10) Central China Refinery
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Hubei province |
92# |
8980-8980 |
9030-9030 |
50/50 |
0.56%/0.56% |
|
95# |
9180-9180 |
9230-9230 |
50/50 |
0.54%/0.54% |
(11) geochemistry in North China
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Henan |
92# |
8770-9000 |
8780-9030 |
10/30 |
0.11%/0.33% |
|
95# |
8870-9050 |
8910-9080 |
40/30 |
0.45%/0.33% |
(12) Shandong Geolian
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Shandong |
92# |
8700-9030 |
8740-9110 |
40/80 |
0.46%/0.89% |
|
95# |
8870-9220 |
8900-9250 |
30/30 |
0.34%/0.33% |
(13) Northwest Refinery
|
Province / city |
Model |
Price 8.24 |
Price 8.31 |
Rise and fall |
Amplitude |
|
Ningxia Hui Autonomous region |
92# |
8900-8950 |
8950-8950 |
50/0 |
0.56%/0.00% |
|
95# |
9050-9100 |
9100-9100 |
50/0 |
0.55%/0.00% |
|
|
Shaanxi |
92# |
9000-9000 |
9000-9000 |
0/0 |
0.00%/0.00% |
|
95# |
9200-9200 |
9200-9200 |
0/0 |
0.00%/0.00% |
|
|
Xinjiang Uygur Autonomous region |
92# |
9200-9200 |
9150-9150 |
-50/-50 |
-0.54%/-0.54% |
V. Future forecast
From the perspective of international crude oil, the peak season of traditional fuel demand in the United States is coming to an end, but it is possible for Saudi Arabia to continue to extend the production reduction period. How the interest rate of the Federal Reserve meeting in September may guide international oil prices. From the point of view of supply, Yongping Refinery will be overhauled next week, but Fuhaichuang maintenance will soon be completed, the operating rate of independent refineries does not fluctuate much, and the start-up of the main unit is relatively stable. From the perspective of demand, the weather turns cooler, the fuel consumption support of automotive air conditioners is weakened, and the rigid demand for gasoline is the main demand. Now the third batch of refined oil export quota increment news ferment again, boost the oil market does not rule out the market to follow the rise. On the whole, it is expected that the price of China's gasoline market will be stable and fluctuate slightly in the short term.
VI. Operating rate
This week (20230825-20230831) the operating rate of main units and independent refineries is relatively stable. Among them, the utilization rate of China's main capacity was 81.72%, unchanged from last week, while the operating rate of independent refineries was 63.14%, up 0.07% from last week.
Supply and demand & profit
Supply and demand: this week, China's oil product output is 3.4492 million tons, China's main output is 2.505 million tons, China's independent refineries output 944200 tons, China's independent refinery gasoline sales of 906900 tons, China's commercial inventory of 12.7235 million tons.
Profit: main comprehensive oil refining weekly production gross profit 728.38 yuan / ton, georefining comprehensive oil refining weekly production gross profit 889.4 yuan / ton, atmospheric and vacuum weekly production gross profit 274 yuan / ton, FCC weekly production gross profit 359 yuan / ton, delayed coking weekly production gross profit 745 yuan / ton.
VIII. Plant maintenance schedule
|
Maintenance schedule of main refineries in China |
||||
|
Refinery |
Inspection and repair device |
Maintenance capacity (10,000 tons) |
Start time |
End time |
|
Beihai Refining and Chemical Industry |
Catalytic cracking |
210 |
March 1, 2023 |
March 31, 2023 |
|
Daqing Refining and Chemical Industry |
Whole plant overhaul |
550 |
August 3, 2023 |
September 23, 2023 |
|
Daqing Petrochemical |
Whole plant overhaul |
1000 |
June 15, 2023 |
July 24, 2023 |
|
Guangzhou Petrochemical Corporation |
Atmospheric and vacuum decompression |
500 |
October 15, 2023 |
December 5, 2023 |
|
Harbin Petrochemical |
Whole plant overhaul |
435 |
May 5, 2023 |
June 23, 2023 |
|
Huizhou Refining and Chemical Industry |
The first phase of the whole plant |
1200 |
March 15, 2023 |
Mid-May 2023 |
|
Jinling Petrochemical |
Atmospheric and vacuum decompression |
600 |
April 10, 2023 |
May 26, 2023 |
|
Lanzhou Petrochemical |
Whole plant overhaul |
1050 |
June 11, 2023 |
August 9, 2023 |
|
Liaoyang Petrochemical Company |
Whole plant overhaul |
900 |
April 10, 2023 |
May 24, 2023 |
|
Luoyang Refining and Chemical Industry |
Whole plant overhaul |
1000 |
May 15, 2023 |
July 14, 2023 |
|
Qingdao Refining and Chemical Industry |
Whole plant overhaul |
1200 |
May 16, 2023 |
July 6, 2023 |
|
Sichuan Petrochemical Company |
Whole plant overhaul |
1000 |
September 15, 2023 |
November 20, 2023 |
|
Tahe petrochemical |
Diesel oil hydrogenation |
/ |
March 19, 2023 |
March 31, 2023 |
|
Tianjin Petrochemical Company |
Atmospheric and vacuum decompression |
250 |
September 5, 2023 |
October 31, 2023 |
|
Urumqi petrochemical |
Whole plant overhaul |
850 |
April 15, 2023 |
June 18, 2023 |
|
Dongxing in Zhanjiang |
Whole plant overhaul |
500 |
October 5, 2023 |
December 5, 2023 |
|
Changqing Petrochemical Company |
Whole plant overhaul |
500 |
April 1, 2023 |
May 25, 2023 |
|
Zhenhai Refining and Chemical Industry |
Atmospheric and vacuum decompression |
1000 |
March 10, 2023 |
May 5, 2023 |
|
China National Oil and Gas Taizhou |
Whole plant overhaul |
600 |
May 12, 2023 |
End of June 2023 |
|
Maintenance schedule of local refinery plant |
||||
|
Refinery |
Inspection and repair device |
Maintenance capacity (10,000 tons) |
Start time |
End time |
|
Dalian Hengli |
Hydrogenation of wax oil and residue |
/ |
May 20, 2023 |
Early July 2023 |
|
Dalian Jinyuan |
Whole plant overhaul |
220 |
July 10, 2023 |
August 9, 2023 |
|
Dongying Petrochemical Company |
Whole plant overhaul |
350 |
March 12, 2023 |
May 10, 2023 |
|
Fengli petrochemical |
Whole plant overhaul |
260 |
July 20, 2023 |
August 20, 2023 |
|
Fu Haichuang |
Whole plant overhaul |
700 |
June 16, 2023 |
Early September 2023 |
|
Kenli Petrochemical |
Whole plant overhaul |
300 |
May 20, 2023 |
June 2023 |
|
Lanqiao Petrochemical |
Whole plant overhaul |
350 |
June 15, 2023 |
August 2, 2023 |
|
Lijin refining and chemical industry |
Whole plant overhaul |
350 |
August 1, 2023 |
October 2023 |
|
United petrochemical |
Whole plant overhaul |
420 |
April 9, 2023 |
May 19, 2023 |
|
Liaoning Baolai |
Catalysis, hydrogenation, etc. |
/ |
January 30, 2023 |
February 23, 2023 |
|
Whole plant overhaul |
2400 |
August 1, 2023 |
September 2023 |
|
|
Liaoning Huajin |
Diesel oil hydrogenation |
/ |
March 8, 2023 |
March 15, 2023 |
|
Ninglu Petrochemical |
Rotation inspection of the whole plant |
120 |
June 15, 2023 |
July 5, 2023 |
|
Panjin Haoye |
Fault shutdown |
650 |
January 15, 2023 |
July 6, 2023 |
|
Qicheng petrochemical |
Rotation inspection |
350 |
End of July 2023 |
End of September 2023 |
|
Shenchi chemical industry |
Catalytic cracking |
120 |
January 22, 2023 |
February 20, 2023 |
|
Wantong Petrochemical |
Whole plant overhaul |
650 |
July 13, 2023 |
Early September 2023 |
|
Wudi Xinyue |
Whole plant overhaul |
240 |
June 26, 2023 |
End of August 2023 |
|
Xinhai Sinopec |
Whole plant overhaul |
600 |
April 26, 2023 |
August 10, 2023 |
|
Xintai Petrochemical |
Rotation inspection |
220 |
End of February 2023 |
July 22, 2023 |
|
Yatong Petrochemical |
Hydrocracking |
200 |
May 27, 2023 |
July 6, 2023 |
|
Yan'an Refinery |
Whole plant overhaul |
560 |
May 20, 2023 |
June 26, 2023 |
|
Zhonghe petrochemical |
Catalysis |
100 |
March 31, 2023 |
April 15, 2023 |
|
China and overseas |
Whole plant overhaul |
300 |
February 28, 2023 |
April 20, 2023 |
|
Yongping Refinery |
Whole plant overhaul |
460 |
September 4, 2023 |
September 20, 2023 |
