Gasoline: Main wholesale prices were mixed, while local refining ex-factory prices fell within a narrow range
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November 6, 2023, 4:48 PM Gasoline: the main wholesale price is mixed, while the ex-factory price of geo-refinery falls within a narrow range.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231103 |
America |
WTI |
80.51 |
-1.95 |
|
20231103 |
The United Kingdom |
Brent |
84.89 |
-1.96 |
Gasoline price index
On November 6, China's gasoline price index fell 8804.91, or 0.36%, while China's gasoline price index fell 2.69, or 0.03%, to 9167.22. 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 362.31.
Gasoline market analysis:
Today, China's main wholesale gasoline is mixed, with gasoline in Northeast China, East China and Central China falling by 50-170 yuan per ton; gasoline prices in southwest China rising by 100 yuan per ton, fluctuating up and down in North China, and the price center of gravity in South China has moved up. The ex-factory price of georefining was reduced in a narrow range, including gasoline prices in Shandong, North China, Central China and East China, with a range of 10-50 yuan per ton. Gasoline prices in the northwest, northeast and southwest regions are relatively stable. At present, the turnover of China's gasoline market is general, the follow-up of terminal demand is insufficient, the replenishment duration of middle and lower reaches traders is short, and the inventory is mainly eliminated; the delivery speed of local refineries slows down over the weekend, and the gasoline market continues its downward trend today.
|
November 6 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.3 |
Price 11.6 |
Rise and fall |
|
North China region |
92# |
8150-9600 |
8150-9600 |
0/0 |
|
95# |
8350-10000 |
8350-10000 |
0/0 |
|
|
South China |
92# |
8600-9680 |
8600-9680 |
0/0 |
|
95# |
8850-9980 |
8850-9980 |
0/0 |
|
|
Central China |
92# |
8500-8950 |
8500-8950 |
0/0 |
|
95# |
8650-9500 |
8650-9450 |
0/-50 |
|
|
East China region |
92# |
8450-9650 |
8450-9500 |
0/-100 |
|
95# |
8650-10000 |
8650-9800 |
0/-200 |
|
|
Northwestern region |
92# |
8330-10000 |
8330-10000 |
0/0 |
|
95# |
8530-10450 |
8530-10450 |
0/0 |
|
|
Southwest China |
92# |
8700-9200 |
8700-9200 |
0/0 |
|
95# |
8950-9500 |
8950-9600 |
0/100 |
|
|
Northeast China |
92# |
8450-9800 |
8300-9100 |
-150/-700 |
|
95# |
8800-10000 |
8630-10000 |
-170/0 |
|
|
November 6 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.3 |
Price 11.6 |
Rise and fall |
|
Shandong area |
92# |
8050-8300 |
8000-8300 |
-50/0 |
|
95# |
8180-8500 |
8160-8450 |
-20/-50 |
|
|
North China region |
92# |
8130-8140 |
8100-8130 |
-30/-10 |
|
95# |
8190-8280 |
8150-8280 |
-40/0 |
|
|
Central China |
92# |
8510-8510 |
8460-8460 |
-50/-50 |
|
95# |
8710-8710 |
8660-8660 |
-50/-50 |
|
|
East China region |
92# |
8150-8280 |
8150-8250 |
0/-30 |
|
95# |
8270-8450 |
8270-8420 |
0/-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# |
8700-8700 |
8700-8700 |
0/0 |
|
95# |
8850-8850 |
8850-8850 |
0/0 |
|
Future forecast
In terms of international crude oil, the Saudi Ministry of Energy will continue to voluntarily reduce production by 1 million barrels per day in December, with an average production of about 9 million barrels per day. The supply side still shows a tight trend, basically facing the support of international oil prices, but geopolitical risks also need to be paid attention to. From the point of view of the Chinese market, on the supply side, Chinese refineries reduce the processing load, and the reduction of output has a certain positive support to the gasoline market price. However, on the demand side of China, downstream inventory consumption is slow, and there is no obvious improvement in the terminal to restrain the upward trend of the gasoline market. At the same time, approaching the adjustment of refined oil price limits and showing downward expectations, the news is a negative guide. Overall, the upward pressure on the gasoline market is increasing, and China's gasoline market is expected to fluctuate within a narrow range 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.