Gasoline: Traders accelerated their entry into the market, and the gasoline market stopped falling and turned up
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November 3, 2023, 5:45 PM Gasoline: traders enter the market faster, gasoline market stops falling and goes up
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231102 |
America |
WTI |
82.46 |
2.02 |
|
20231102 |
The United Kingdom |
Brent |
86.85 |
2.22 |
Gasoline price index
On November 3, China's gasoline price index rose 25.75, or 0.29%, to 8836.89, while China's gasoline price index rose 26.10, or 0.29%, to 9169.91. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 333.02.
Gasoline market analysis:
Today, the wholesale price of gasoline in China fluctuates in a narrow range, with high-end gasoline prices in Central China reduced by 50 yuan per ton, while gasoline prices in South China, East China and Southwest China increased by 50-100 yuan per ton. Arrange in the quotation area in other areas. The ex-factory price increase is relatively obvious, including gasoline prices in Shandong, North China, Central China, East China and Southwest China, with a range of 30-200 yuan per ton. Gasoline prices in the northwest and northeast regions are relatively stable. At present, the turnover of China's gasoline market is heating up, the supporting role of international oil prices is enhanced, the burden of China's main units and local refineries is reduced, and the current prices are relatively low, increasing the enthusiasm of traders to enter the market and the increase in hoarding operations.
|
November 3 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.2 |
Price 11.3 |
Rise and fall |
|
North China region |
92# |
8150-9600 |
8150-9600 |
0/0 |
|
95# |
8350-10000 |
8350-10000 |
0/0 |
|
|
South China |
92# |
8550-9680 |
8600-9680 |
50/0 |
|
95# |
8800-9980 |
8850-9980 |
50/0 |
|
|
Central China |
92# |
8500-9000 |
8500-8950 |
0/-50 |
|
95# |
8650-9450 |
8650-9500 |
0/-50 |
|
|
East China region |
92# |
8400-9650 |
8450-9650 |
50/0 |
|
95# |
8600-10000 |
8650-10000 |
50/0 |
|
|
Northwestern region |
92# |
8330-10000 |
8330-10000 |
0/0 |
|
95# |
8530-10450 |
8530-10450 |
0/0 |
|
|
Southwest China |
92# |
8600-9200 |
8700-9200 |
100/0 |
|
95# |
8850-9500 |
8950-9500 |
100/0 |
|
|
Northeast China |
92# |
8450-9800 |
8450-9800 |
0/0 |
|
95# |
8800-10000 |
8800-10000 |
0/0 |
|
|
November 3 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.2 |
Price 11.3 |
Rise and fall |
|
Shandong area |
92# |
7950-8250 |
8050-8300 |
100/50 |
|
95# |
8080-8460 |
8180-8500 |
100/40 |
|
|
North China region |
92# |
8030-8040 |
8130-8140 |
100/100 |
|
95# |
8090-8180 |
8190-8280 |
100/100 |
|
|
Central China |
92# |
8310-8310 |
8510-8510 |
200/200 |
|
95# |
8510-8510 |
8710-8710 |
200/200 |
|
|
East China region |
92# |
8120-8250 |
8150-8280 |
30/30 |
|
95# |
8240-8420 |
8270-8450 |
30/30 |
|
|
Northwestern region |
92# |
8050-8250 |
8050-8250 |
0/0 |
|
95# |
8200-8450 |
8200-8450 |
0/0 |
|
|
Northeast China |
92# |
8300-8400 |
8300-8400 |
0/0 |
|
95# |
8600-8600 |
8600-8600 |
0/0 |
|
|
Southwest China |
92# |
8650-8650 |
8700-8700 |
50/50 |
|
95# |
8800-8800 |
8850-8850 |
50/50 |
|
Future forecast
From the perspective of international crude oil, international oil prices rebounded and closed higher after falling for three consecutive days, the Federal Reserve kept its benchmark interest rate unchanged in November, the support of geopolitical events weakened, risk appetite increased, and international oil prices had room to rise. From the perspective of the Chinese market, the entry operation of traders in the middle and lower reaches of the market is accelerated under the lower supply expectations, the price of China's gasoline market shows an upward trend, but the demand side of China is weak, and the new round of price limit adjustment of refined oil products is expected to negatively guide or restrain the increase. Taken together, it is expected that China's gasoline market may rise slightly 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.