Gasoline: Price limit reduction is approaching, and the market continues to decline
90,810 
October 24, 2023, 5:02 PM Gasoline: the price limit is approaching, and the market is falling.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231023 |
America |
WTI |
85.49 |
-3.26 |
|
20231023 |
The United Kingdom |
Brent |
89.83 |
-2.33 |
Gasoline price index
On October 24, China's gasoline price index fell 90.59, or 0.99%, to 9025.31, while China's gasoline price index fell 81.55, or 0.86%, to 9363.72. 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 338.41.
Gasoline market analysis:
Today, the decline in the main wholesale price of gasoline in China is more than and mostly concentrated in the low-end price, of which the overall market reduction is 50-200 yuan / ton. The ex-factory price of the refinery is generally downward, with a reduction of 50-200 yuan / ton. At present, the turnover of China's gasoline market is light, the market negative factors are not reduced, and the lack of rigid demand support is mainly manifested in the heavy wait-and-see mentality in the middle and lower reaches, the obvious decline in purchasing frequency and quantity, and the lack of refinery shipments, which leads to poor sales in most areas and slow release speed.
|
October 24 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 10.23 |
Price 10.24 |
Rise and fall |
|
North China region |
92# |
8550-9600 |
8500-9600 |
-50/0 |
|
95# |
8750-10000 |
8700-10000 |
-50/0 |
|
|
South China |
92# |
8950-9700 |
8800-9700 |
-150/0 |
|
95# |
9200-10000 |
9050-10000 |
-150/0 |
|
|
Central China |
92# |
8800-9200 |
8700-9200 |
-100/0 |
|
95# |
8950-9400 |
8850-9400 |
-100/0 |
|
|
East China region |
92# |
8800-9650 |
8750-9650 |
-50/0 |
|
95# |
9000-10000 |
8950-10000 |
-50/0 |
|
|
Northwestern region |
92# |
8730-10050 |
8530-10050 |
-200/0 |
|
95# |
8930-10450 |
8730-10450 |
-200/0 |
|
|
Southwest China |
92# |
8900-9450 |
8850-9400 |
-50/-50 |
|
95# |
9150-9830 |
9100-9780 |
-50/-50 |
|
|
Northeast China |
92# |
8750-9800 |
8700-9800 |
-50/0 |
|
95# |
8990-10000 |
8930-10000 |
-60/0 |
|
|
The ex-factory price of gasoline refinery on October 24 (RMB / ton) |
||||
|
Area |
Gasoline model |
Price 10.23 |
Price 10.24 |
Rise and fall |
|
Shandong area |
92# |
8200-8470 |
8100-8420 |
-100/-50 |
|
95# |
8310-8690 |
8250-8640 |
-60/-50 |
|
|
North China region |
92# |
8210-8300 |
8160-8200 |
-50/-100 |
|
95# |
8350-8360 |
8300-8260 |
-50/-100 |
|
|
Central China |
92# |
8550-8550 |
8470-8470 |
-80/-80 |
|
95# |
8750-8750 |
8670-8670 |
-80/-80 |
|
|
East China region |
92# |
8340-8500 |
8280-8450 |
-60/-50 |
|
95# |
8460-8670 |
8400-8620 |
-60/-50 |
|
|
Northwestern region |
92# |
8450-8650 |
8250-8450 |
-200/-200 |
|
95# |
8550-8850 |
8350-8650 |
-200/-200 |
|
|
Northeast China |
92# |
8600-8800 |
8600-8700 |
0/-100 |
|
95# |
9000-9000 |
9000-8900 |
0/-100 |
|
|
Southwest China |
92# |
8950-8950 |
8800-8800 |
-150/-150 |
|
95# |
9100-9100 |
8950-8950 |
-150/-150 |
|
Future forecast
From the perspective of international crude oil, the development of the Palestinian-Israeli conflict involves the supply of crude oil. At present, the risk of supply disruption is reduced, which is bad for oil prices. However, the European and American manufacturing PMI data are about to be released, which may be expected to be good, which will be a game of bad and good factors. From the perspective of the Chinese market, demand continues to be weak, and some local refineries are willing to reduce the processing load and maintain a relatively low load, but the market as a whole is still in a situation where supply exceeds demand, and Chinese fundamentals are not good to boost. In addition, the current round of refined oil price adjustment is about to be realized, the reduction in expectations is clear, the news is negative guidance. Taken together, it is expected that China's gasoline market may still be in a downward trend 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.