Gasoline: Lack of positive factors, the market continues to decline
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October 27, 2023, 4:37 PM Gasoline: lack of positive factors, the market continues to decline
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231026 |
America |
WTI |
83.21 |
-2.18 |
|
20231026 |
The United Kingdom |
Brent |
87.93 |
-2.2 |
Gasoline price index
On October 27th, China's gasoline price index fell 33.14, or 0.37%, to 8901.60, while China's gasoline price index fell 37.07, or 0.40%, to 9238.21. 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 336.61.
Gasoline market analysis:
Today, the wholesale price of gasoline in China is mainly down, with a reduction of 50-150 yuan per ton in North China, Central China, East China and Southwest China. The overall price of the refinery is 20-100 yuan / ton. At present, the rigid demand in China's gasoline market is dominant, the support of international oil prices is weak, the bearish sentiment in the middle and lower reaches of China is strong, and inventory is mainly digested with caution in operation. The refinery shipping task is poor, and the transaction policy is flexible and preferential.
|
October 27th wholesale price of gasoline (RMB / ton) |
||||
|
Area |
Gasoline model |
Price 10.26 |
Price 10.27 |
Rise and fall |
|
North China region |
92# |
8400-9600 |
8300-9600 |
-100/0 |
|
95# |
8600-10000 |
8500-10000 |
-100/0 |
|
|
South China |
92# |
8650-9650 |
8650-9650 |
0/0 |
|
95# |
8900-9950 |
8900-9950 |
0/0 |
|
|
Central China |
92# |
8600-9200 |
8550-9200 |
-50/0 |
|
95# |
8750-9400 |
8700-9400 |
-50/0 |
|
|
East China region |
92# |
8550-9650 |
8400-9650 |
-150/0 |
|
95# |
8750-10000 |
8600-10000 |
-150/0 |
|
|
Northwestern region |
92# |
8330-10000 |
8330-10000 |
0/0 |
|
95# |
8530-10450 |
8530-10450 |
0/0 |
|
|
Southwest China |
92# |
8750-9330 |
8700-9200 |
-50/-130 |
|
95# |
9000-9650 |
8950-9650 |
-50/0 |
|
|
Northeast China |
92# |
8600-9800 |
8600-9800 |
0/0 |
|
95# |
8900-10000 |
8900-10000 |
0/0 |
|
|
October 27 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 10.26 |
Price 10.27 |
Rise and fall |
|
Shandong area |
92# |
8050-8380 |
8050-8340 |
0/-40 |
|
95# |
8180-8600 |
8130-8600 |
-50/0 |
|
|
North China region |
92# |
8110-8220 |
8110-8170 |
0/-50 |
|
95# |
8250-8280 |
8250-8230 |
0/-50 |
|
|
Central China |
92# |
8370-8370 |
8340-8340 |
-30/-30 |
|
95# |
8570-8570 |
8540-8540 |
-30/-30 |
|
|
East China region |
92# |
8200-8380 |
8180-8380 |
-20/0 |
|
95# |
8320-8550 |
8300-8550 |
-20/0 |
|
|
Northwestern region |
92# |
8250-8250 |
8150-8250 |
-100/0 |
|
95# |
8350-8450 |
8250-8450 |
-100/0 |
|
|
Northeast China |
92# |
8450-8700 |
8450-8600 |
-100/-100 |
|
95# |
8900-8900 |
8800-8800 |
-100/-100 |
|
|
Southwest China |
92# |
8650-8650 |
8600-8600 |
-50/-50 |
|
95# |
8800-8800 |
8750-8750 |
-50/-50 |
|
Future forecast
From the perspective of international crude oil, the uncertainty caused by the Palestinian-Israeli conflict still has an impact on oil price changes, and geopolitical events may weaken if geopolitical events have no impact on crude oil supply under the market wait-and-see trade-off. From the perspective of the Chinese market, there is still no positive factor to boost, the demand performance is generally insufficient support, the market short-term upward power is insufficient, there is more than downside space. Taken together, it is expected that there is still room for decline in China's gasoline market 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 24, 2023, the price of gasoline and diesel in China has been reduced by 70 yuan per ton (standard, the same below). 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 November 7.
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 |
10345 |
9285 |
|
Tianjin |
10310 |
9250 |
|
Hebei Province |
10310 |
9250 |
|
Shanxi province |
10380 |
9305 |
|
Liaoning province |
10310 |
9250 |
|
Jilin Province |
10310 |
9250 |
|
Heilongjiang province |
10310 |
9250 |
|
Shanghai |
10325 |
9255 |
|
Jiangsu Province |
10365 |
9290 |
|
Zhejiang Province |
10365 |
9305 |
|
Anhui province |
10360 |
9300 |
|
Fujian Province |
10385 |
9315 |
|
Jiangxi province |
10365 |
9310 |
|
Shandong province |
10320 |
9260 |
|
Hubei province |
10335 |
9275 |
|
Hunan Province |
10375 |
9335 |
|
Henan province |
10330 |
9270 |
|
Hainan province |
10455 |
9385 |
|
Chongqing |
10525 |
9460 |
|
Guangdong province |
10390 |
9320 |
|
Guangxi Zhuang Autonomous region |
10455 |
9385 |
|
Ningxia Hui Autonomous region |
10315 |
9250 |
|
Gansu province |
10295 |
9270 |
|
Xinjiang Uygur Autonomous region |
10090 |
9145 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
10325 |
9265 |
|
Chengdu city |
10530 |
9485 |
|
Guiyang city |
10490 |
9410 |
|
Kunming City |
10520 |
9440 |
|
Xi'an city |
10295 |
9260 |
|
Xining City |
10275 |
9295 |
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 9580 yuan and 8520 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.