Tu Duoduo Gasoline Industry Weekly-No. 20240411
84,437 
April 11, 2024, 5:38 PM Gasoline Weekly-20240411 issue
I. gasoline price index
According to Tudor data, as of April 11, China's gasoline price index was 9310.32, up 250.95 from last week, an increase of 2.77%, or 2.77%, from last week's gasoline price index of 9612.32, up 253.89, or 2.64%, from last week. 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 301.41.
II. 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 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
East China region |
92# |
9000-9550 |
9020-9600 |
20/50 |
0.21%/0.52% |
|
95# |
9100-9750 |
9210-9800 |
110/50 |
1.13%/0.51% |
|
|
South China |
92# |
9250-10210 |
9050-10380 |
-200-170 |
-1.96%/1.67% |
|
95# |
9450-10510 |
9550-10680 |
100/170 |
0.95%/1.62% |
|
|
North China region |
92# |
8750-9900 |
8870-9900 |
120/0 |
1.21%/0.00% |
|
95# |
8950-10274 |
9070-10274 |
120/0 |
1.17%/0.00% |
|
|
Northwestern region |
92# |
9000-10321 |
9000-10321 |
0/0 |
0.00%/0.00% |
|
95# |
9100-10955 |
9200-10955 |
100/0 |
0.91%/0.00% |
|
|
Northeast China |
92# |
8700-9100 |
8830-9300 |
130/200 |
1.43%/2.20% |
|
95# |
9035-9650 |
9085-9650 |
50/0 |
0.52%/0.00% |
|
|
Southwest China |
92# |
9200-10491 |
9300--10491 |
100/0 |
0.95%/0.00% |
|
95# |
9400-11102 |
9600-11102 |
200/0 |
1.80%/0.00% |
|
|
Central China |
92# |
9150-9650 |
9200-9750 |
50/100 |
0.52%/1.04% |
|
95# |
9310-9950 |
9400-10050 |
90/100 |
0.90%/1.01% |
|
|
Comparison of ex-factory price of gasoline refinery (yuan / ton) |
|||||
|
Area |
Gasoline model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Shandong area |
92# |
8710-9000 |
8850-9150 |
140/150 |
1.56%/1.67% |
|
95# |
8790-9153 |
8960-9300 |
170/147 |
1.86%/1.61% |
|
|
Northwestern region |
92# |
8750-8900 |
8850-9000 |
100/100 |
1.12%/1.12% |
|
95# |
8900-9100 |
9050-9200 |
150/100 |
1.65%/1.10% |
|
|
Northeast China |
92# |
8750-8800 |
8750-8900 |
0/100 |
0.00%/1.14% |
|
95# |
8950-8950 |
8950-8950 |
0/0 |
0.00%/0.00% |
|
|
East China region |
92# |
8870-8950 |
9200-9200 |
330/250 |
3.69%/2.79% |
|
95# |
8990-9060 |
9070-9140 |
80/80 |
0.88%/0.88% |
|
|
North China region |
92# |
8830-8930 |
8900-8900 |
70/-30 |
0.78%/-0.34% |
|
95# |
8930-9010 |
8980-9000 |
50/-10 |
0.55%/-0.11% |
|
|
Central China |
92# |
9120-9120 |
8980-8980 |
-140/-140 |
-1.54%/-1.54% |
|
95# |
9320-9320 |
9400-9400 |
80/80 |
0.86%/0.86% |
|
|
Southwest China |
92# |
9180-9180 |
9300-9300 |
120/120 |
1.31%/1.31% |
|
95# |
9330-9330 |
9450-9450 |
120/120 |
1.29%/1.29% |
|
2. Gasoline market price comparison in different regions
(1) Northeast China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Jilin |
92# |
8850-8900 |
9000-9000 |
150/100 |
1.69%/1.12% |
|
95# |
9450-9600 |
9450-9600 |
0/0 |
0.00%/0.00% |
|
|
Liaoning |
92# |
8600-9020 |
8830-9300 |
230/280 |
2.55%/3.10% |
|
95# |
8835-9100 |
9085-9600 |
250/500 |
2.75%/5.49% |
|
|
Heilongjiang Province |
92# |
8750-8750 |
9100-9100 |
350/350 |
4.00%/4.00% |
|
95# |
9000-9000 |
9400-9400 |
400/400 |
4.44%/4.44% |
(2) East China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Shanghai |
92# |
8900-8950 |
9170-9350 |
270/400 |
3.02%/4.47% |
|
95# |
9050-9150 |
9300-9550 |
250/400 |
2.73%/4.37% |
|
|
Shandong |
92# |
8800-9160 |
9090-9530 |
290/370 |
3.17%/4.04% |
|
95# |
8850-9500 |
9210-9750 |
360/250 |
3.79%/2.63% |
|
|
Jiangsu Province |
92# |
9130-9130 |
9380-9400 |
250/270 |
2.74%/2.96% |
|
95# |
9380-9400 |
9630-9650 |
250/250 |
2.66%/2.66% |
|
|
Zhejiang |
92# |
9100-9300 |
9350-9600 |
250/300 |
2.69%/3.23% |
|
95# |
9300-9500 |
9550-9800 |
250/300 |
2.63%/3.16% |
(3) Central China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Anhui Province |
92# |
8980-9100 |
9200-9380 |
220/280 |
2.42%/3.08% |
|
95# |
9130-9300 |
9400-9580 |
270/280 |
2.90%/3.01% |
|
|
Jiangxi Province |
92# |
9050-9120 |
9400-9450 |
350/330 |
3.84%/3.62% |
|
95# |
9250-9450 |
9650-9700 |
400/250 |
4.23%/2.65% |
|
|
Hubei province |
92# |
9000-9600 |
9230-9750 |
230/150 |
2.40%/1.56% |
|
95# |
9200-9900 |
9430-10050 |
230/150 |
2.32%/1.52% |
|
|
Hunan |
92# |
9150-9200 |
9330-9450 |
180/250 |
1.96%/2.72% |
|
95# |
9200-9500 |
9530-9750 |
330/250 |
3.47%/2.63% |
(4) North China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Inner Mongolia Autonomous region |
92# |
8900-9708 |
9100-9900 |
200/192 |
2.06%/1.98% |
|
95# |
9100-10074 |
9300-10074 |
200/0 |
2.15%/0.00% |
|
|
Beijing |
92# |
9100-9150 |
9450-9500 |
350/350 |
3.83%/3.83% |
|
95# |
9240-9300 |
9600-9650 |
360/350 |
3.75%/3.76% |
|
|
Tianjin |
92# |
8590-8900 |
8870-9100 |
280/200 |
3.15%/2.25% |
|
95# |
8790-8900 |
9070-9300 |
280/400 |
3.09%/4.49% |
|
|
Shanxi Province |
92# |
8850-9100 |
9150-9700 |
300/600 |
3.30%/6.59% |
|
95# |
9100-9550 |
9450-9700 |
350/150 |
3.70%/1.57% |
|
|
Hebei |
92# |
8850-8990 |
9070-9350 |
220/360 |
2.45%/4.00% |
|
95# |
8950-9180 |
9190-9550 |
240/370 |
2.61%/4.03% |
|
|
Henan |
92# |
8900-9250 |
9070-9300 |
170/50 |
1.84%/0.54% |
|
95# |
9120-9550 |
9350-9600 |
230/50 |
2.46%/0.52% |
(5) South China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Guangdong |
92# |
9100-9950 |
9400-10380 |
100/300 |
1.10%/3.11% |
|
95# |
9250-10250 |
9750-10680 |
100/300 |
1.01%/3.02% |
|
|
Hainan |
92# |
9000-9200 |
9350-9700 |
50/0 |
0.56%/0.00% |
|
95# |
9400-9400 |
9550-9900 |
250/0 |
2.66%/0.00% |
|
|
Fujian |
92# |
9100-9500 |
9350-9800 |
200/450 |
2.20%/4.97% |
|
95# |
9200-9700 |
9650-10000 |
100/450 |
1.09%/4.86% |
(6) Northwest China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Ningxia Hui Autonomous region |
92# |
8900-9582 |
9000-9763 |
100/181 |
1.04%/1.89% |
|
95# |
9100-9944 |
9200-10131 |
100/187 |
1.09%/1.88% |
|
|
Xinjiang Uygur Autonomous region |
92# |
9724-9724 |
9936-9936 |
212/212 |
2.13%/2.18% |
|
95# |
10283-10283 |
10507-10507 |
224/224 |
2.18%/2.18% |
|
|
Gansu |
92# |
9000-10109 |
9200-10321 |
200/212 |
2.17%/2.10% |
|
95# |
9450-10698 |
9550-10922 |
100/224 |
1.05%/2.09% |
|
|
Xizang Autonomous region |
92# |
9920-9921 |
9980-9981 |
60/60 |
0.60%/0.60% |
|
95# |
10370-10371 |
10430-10431 |
60/60 |
0.58%/0.58% |
|
|
Shaanxi |
92# |
8800-9540 |
9000-9715 |
200/175 |
2.22%/1.83% |
|
95# |
9000-9900 |
9200-10085 |
200/185 |
2.02%/1.87% |
|
|
Qinghai |
92# |
9300-9300 |
9380-9380 |
80/80 |
0.85%/0.86% |
|
95# |
9710-9710 |
9790-9790 |
80/80 |
0.82%/0.82% |
(7) Southwest China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Yunnan |
92# |
9250-9480 |
9600-9730 |
350/250 |
3.65%/2.64% |
|
95# |
9700-9930 |
10050-10280 |
350/350 |
3.52%/3.52% |
|
|
Sichuan |
92# |
9180-9330 |
9300-9500 |
120/170 |
1.29%/1.82% |
|
95# |
9550-9740 |
9700-9850 |
150/110 |
1.55%/1.13% |
|
|
Guangxi Zhuang Autonomous region |
92# |
9200-10279 |
9500-10491 |
300/212 |
3.16%/2.06% |
|
95# |
9350-10878 |
960-11102 |
250/224 |
2.30%/2.06% |
|
|
Guizhou |
92# |
9250-9450 |
9550-9900 |
300/450 |
3.14%/4.76% |
|
95# |
9550-9750 |
9580-10200 |
30/450 |
0.31%/4.62% |
|
|
Chongqing |
92# |
9070-9200 |
9250-9500 |
180/300 |
1.95%/3.26% |
|
95# |
9400-9500 |
9600-9800 |
200/300 |
2.11%/3.16% |
(8) Northeast geochemistry
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Jilin |
92# |
8680-8810 |
8750-8750 |
70/-60 |
0.79%/-0.68% |
|
95# |
8800-8920 |
8950-8950 |
150/30 |
1.68%/0.34% |
(9) East China geochemistry
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Jiangsu Province |
92# |
8780-8810 |
8950-9030 |
170/220 |
1.93%/2.50% |
|
95# |
8800-8820 |
9070-9140 |
270/320 |
2.98%/3.63% |
(10) Central China Refinery
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Hubei province |
92# |
8980-8980 |
9200-9200 |
220/220 |
2.39%/2.45% |
|
95# |
9180-9180 |
9400-9400 |
220/220 |
2.40%/2.40% |
(11) geochemistry in North China
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Henan |
92# |
8655-8720 |
8830-8850 |
175/130 |
1.98%/1.49% |
|
95# |
8720-8800 |
8930-8930 |
210/130 |
2.39%/1.48% |
(12) Shandong Geolian
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Shandong |
92# |
8500-8800 |
8850-9150 |
350/350 |
3.95%/3.98% |
|
95# |
8580-8950 |
8960-9300 |
380/350 |
4.24%/3.91% |
(13) Northwest Refinery
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Ningxia Hui Autonomous region |
92# |
8650-8800 |
8850-9000 |
200/200 |
2.26%/2.27% |
|
95# |
8880-8950 |
9050-9150 |
170/200 |
1.88%/2.23% |
|
|
Shaanxi |
92# |
8650-8800 |
9000-9000 |
350/200 |
3.89%/2.27% |
|
95# |
8950-9000 |
9200-9200 |
250/200 |
2.72%/2.22% |
(14) Southwest Refinery
|
Province / city |
Model |
Price 4.3 |
Price 4.11 |
Rise and fall |
Amplitude |
|
Sichuan Province |
92# |
9000-9000 |
9400-9400 |
400/400 |
4.26%/4.44% |
|
95# |
9100-9100 |
9200-9200 |
100/100 |
1.09%/1.10% |
III. Future forecast
The main negative factors for the decline in international crude oil prices are the increase in crude oil inventories in the United States and the possibility that the Federal Reserve may postpone interest rate cuts, the situation in the Middle East has not been further intensified, and the Palestinian-Israeli peace talks are still moving forward. Geography and production cuts still bring the main positive support, in terms of demand, the decline in gasoline demand after the Qingming Festival holiday, coupled with no holiday support next week, the number of private car trips may be reduced. From the supply side, coupled with the refinery performance pressure is small, the market wait-and-see mentality is in the majority. Generally speaking, it is expected that China's gasoline market will be stable and fluctuate in a narrow range in the short term.
IV. Operating rate
This week (20240403-20240411) the operating rate of independent refineries fell by 1.99%; the operating rate of main units was 78.88%, down 0.26%.
5. Plant maintenance schedule
|
Maintenance list of main refinery equipment |
||||
|
Refinery |
Inspection and repair device |
Maintenance capacity (10,000 tons) |
Start time |
End time |
|
Tianjin Petrochemical Company |
Atmospheric and vacuum decompression |
250 |
June 1, 2024 |
Tentatively |
|
Tahe petrochemical |
Atmospheric and vacuum decompression |
350 |
March 1, 2024 |
March 26, 2024 |
|
Zhenhai Refining and Chemical Industry |
Atmospheric and vacuum decompression |
800 |
April 15, 2024 |
June 15, 2024 |
|
Qilu Petrochemical |
Atmospheric and vacuum decompression |
800 |
June 10, 2024 |
July 20, 2024 |
|
Chinese Science Refining and Chemical Industry |
Whole plant overhaul |
1000 |
March 20, 2024 |
May 20, 2024 |
|
Maoming Petrochemical |
Atmospheric and vacuum decompression |
500 |
May 25, 2024 |
July 5, 2024 |
|
Cangzhou Petrochemical |
Whole plant overhaul |
350 |
August 25, 2024 |
October 25, 2024 |
|
Shengli Oilfield |
Whole plant overhaul |
300 |
September 1, 2024 |
November 1, 2024 |
|
Wuhan Petrochemical Corporation |
Whole plant overhaul |
850 |
October 13, 2024 |
December 15, 2024 |
|
Changling Petrochemical Company |
Atmospheric and vacuum |
800 |
December 1, 2024 |
To be determined |
|
Fujian Union |
Whole plant overhaul |
1200 |
November 1, 2024 |
December 20, 2024 |
|
Jinling Petrochemical |
Atmospheric and vacuum decompression |
800 |
November 15, 2024 |
December 31, 2024 |
|
Dalian Petrochemical Corporation |
Whole plant overhaul |
2050 |
April 1, 2024 |
May 30, 2024 |
|
Jinzhou Petrochemical |
Whole plant overhaul |
650 |
April 5, 2024 |
May 30, 2024 |
|
Ningxia Petrochemical Company |
Whole plant overhaul |
500 |
July 2024 |
August 31, 2024 |
|
Dushanzi petrification |
Whole plant overhaul |
1000 |
May 15, 2024 |
July 5, 2024 |
|
Dalian West Pacific |
Atmospheric and vacuum decompression |
450 |
May 25, 2024 |
July 13, 2024 |
|
Jilin Petrochemical Corporation |
Whole plant overhaul |
980 |
August 24, 2024 |
October 14, 2024 |
|
Guangxi Petrochemical Corporation |
Whole plant overhaul |
1000 |
October 10, 2024 |
November 30, 2024 |
|
CNOOC Orient |
Whole plant overhaul |
200 |
April 1, 2024 |
May 15, 2024 |
|
China Asphalt Sichuan |
Whole plant overhaul |
60 |
March 17, 2024 |
April 10, 2024 |
|
Maintenance list of local refinery equipment |
||||
|
Refinery |
Inspection and repair device |
Maintenance capacity (10,000 tons) |
Start time |
End time |
|
Aoxing petrochemical |
Rotation inspection |
240 |
May 2024 |
June 2024 |
|
Shandong Haihua |
Whole plant overhaul |
240 |
January 31, 2024 |
April 2024 |
|
Shenchi chemical industry |
Whole plant overhaul |
260 |
January 25, 2024 |
At the end of April 2024 |
|
Xinhai Sinopec |
Atmospheric and vacuum |
300 |
April 1, 2024 |
2024 15 |
|
Lanqiao Petrochemical |
Whole plant overhaul |
350 |
December 18, 2023 |
Late April 2024 |
|
Haiyou petrochemical |
Whole plant overhaul |
350 |
January 31, 2024 |
April 1, 2024 |
|
Zhonghe petrochemical |
Whole plant overhaul |
500 |
May 1, 2024 |
June 2024 |
|
Hubei Jinao |
Whole plant overhaul |
500 |
March 5, 2024 |
May 31, 2024 |
|
Liaoning Huajin |
Whole plant overhaul |
600 |
July 2024 |
September 2024 |
|
Dalian Hengli |
Atmospheric and vacuum decompression and reorganization |
1000 |
April 2024 |
June 2024 |
|
Dongchen Petrochemical |
Rotation inspection |
/ |
2024 / late February |
To be determined |
