Gasoline: Weak market demand and poor trading atmosphere
89,330 
October 23, 2023, 4:59 PM Gasoline: weak market demand and poor trading atmosphere
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231020 |
America |
WTI |
88.75 |
-0.62 |
|
20231020 |
The United Kingdom |
Brent |
92.16 |
-0.22 |
Gasoline price index
On October 23, China's gasoline price index fell 72.46, or 0.79%, to 9115.91, while China's gasoline price index fell 78.54, or 0.82%, to 9445.27. 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 329.37.
Gasoline market analysis:
Today, the wholesale price of gasoline in China has mainly fallen, with gasoline prices falling by 50-200 yuan per ton in North China, Central China, East China, Southwest China and Northeast China. Gasoline prices in South China and Northwest China are relatively stable. The ex-factory price of Geolian continued to fall on Saturday and Saturday, with an overall decline of 100-200 yuan / ton compared with last Friday, but there was little change in the northwest region. At present, the focus of trading in China's gasoline market has moved downwards again. As the "Golden Nine Silver Ten" comes to an end, the bearish mood in the middle and lower reaches is strong, the wait-and-see mentality is more, the purchase rigid demand is dominant, and the replenishment cycle is shorter. The refinery tends to sell more goods, and the transaction discount increases. Overall, the trading atmosphere in the market is not good.
|
October 23 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 10.20 |
Price 10.23 |
Rise and fall |
|
North China region |
92# |
8680-9600 |
8550-9600 |
-130/0 |
|
95# |
8880-10000 |
8750-10000 |
-130/0 |
|
|
South China |
92# |
8950-9700 |
8950-9700 |
0/0 |
|
95# |
9200-10000 |
9200-10000 |
0/0 |
|
|
Central China |
92# |
8850-9200 |
8800-9200 |
-50/0 |
|
95# |
9050-9450 |
8950-9400 |
-100/-50 |
|
|
East China region |
92# |
8850-9650 |
8800-9650 |
-50/0 |
|
95# |
9050-10000 |
9000-10000 |
-50/0 |
|
|
Northwestern region |
92# |
8730-10050 |
8730-10050 |
0/0 |
|
95# |
8930-10450 |
8930-10450 |
0/0 |
|
|
Southwest China |
92# |
9050-9530 |
8900-9450 |
-150/-80 |
|
95# |
9350-9950 |
9150-9830 |
-200/-120 |
|
|
Northeast China |
92# |
8900-9800 |
8750-9800 |
-150/0 |
|
95# |
9200-10000 |
8990-10000 |
-210/0 |
|
|
October 23 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 10.20 |
Price 10.23 |
Rise and fall |
|
Shandong area |
92# |
8400-8670 |
8200-8470 |
-200/-200 |
|
95# |
8480-8860 |
8310-8690 |
-170/-170 |
|
|
North China region |
92# |
8380-8480 |
8210-8300 |
-170/-180 |
|
95# |
8480-8530 |
8350-8360 |
-130/-170 |
|
|
Central China |
92# |
8700-8700 |
8550-8550 |
-150/-150 |
|
95# |
8900-8900 |
8750-8750 |
-150/-150 |
|
|
East China region |
92# |
8510-8620 |
8340-8500 |
-170/-120 |
|
95# |
8630-8790 |
8460-8670 |
-170/-120 |
|
|
Northwestern region |
92# |
8450-8650 |
8450-8650 |
0/0 |
|
95# |
8550-8850 |
8550-8850 |
0/0 |
|
|
Northeast China |
92# |
8800-8900 |
8600-8800 |
-200/-100 |
|
95# |
9100-9100 |
9000-9000 |
-100/-100 |
|
|
Southwest China |
92# |
9000-9000 |
8950-8950 |
-50/-50 |
|
95# |
9150-9150 |
9100-9100 |
-50/-50 |
|
Future forecast
From the perspective of international crude oil, the market continues to wait and see the development of the situation in the Middle East, which does not pose a direct threat to the supply of crude oil. In addition, the United States announced some temporary sanctions on Venezuela, superimposed an increase in the number of US oil and gas drilling platforms, and a relaxation in crude oil supply. From the perspective of the Chinese market, the market holds a wait-and-see attitude towards the future, and the demand performance is not good enough to support; the pressure on the monthly task of the refinery near the end of the month increases, and the willingness to raise prices is weak. Taken together, it is expected that China's gasoline market may continue to decline in the short term.
Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities
Since 24:00 on October 10, 2023, the prices of gasoline and diesel in China have been reduced by 85 yuan and 80 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 October 24.
Schedule
Maximum retail price of gasoline and diesel in provinces, autonomous regions, cities and central cities
Unit: yuan / ton
|
|
I. areas with one province and one price |
|
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Beijing |
10415 |
9355 |
|
Tianjin |
10380 |
9320 |
|
Hebei Province |
10380 |
9320 |
|
Shanxi province |
10450 |
9375 |
|
Liaoning province |
10380 |
9320 |
|
Jilin Province |
10380 |
9320 |
|
Heilongjiang province |
10380 |
9320 |
|
Shanghai |
10395 |
9325 |
|
Jiangsu Province |
10435 |
9360 |
|
Zhejiang Province |
10435 |
9375 |
|
Anhui province |
10430 |
9370 |
|
Fujian Province |
10455 |
9385 |
|
Jiangxi province |
10435 |
9380 |
|
Shandong province |
10390 |
9330 |
|
Hubei province |
10405 |
9345 |
|
Hunan Province |
10445 |
9405 |
|
Henan province |
10400 |
9340 |
|
Hainan province |
10525 |
9455 |
|
Chongqing |
10595 |
9530 |
|
Guangdong province |
10460 |
9390 |
|
Guangxi Zhuang Autonomous region |
10525 |
9455 |
|
Ningxia Hui Autonomous region |
10385 |
9320 |
|
Gansu province |
10365 |
9340 |
|
Xinjiang Uygur Autonomous region |
10160 |
9215 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
10395 |
9335 |
|
Chengdu city |
10600 |
9555 |
|
Guiyang city |
10560 |
9480 |
|
Kunming City |
10590 |
9510 |
|
Xi'an city |
10365 |
9330 |
|
Xining City |
10345 |
9365 |
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 9650 yuan and 8590 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.