Gasoline: The price limit reduction is about to be realized, and the market has more wait-and-see sentiment
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November 7, 2023, 4:28 PM Gasoline: the price limit is about to be reduced, and there is more wait-and-see mood in the market.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231106 |
America |
WTI |
80.82 |
0.31 |
|
20231106 |
The United Kingdom |
Brent |
85.18 |
0.29 |
Gasoline price index
On November 7, China's gasoline price index fell by 0.11%, or 9.33%, to 8795.57, while China's gasoline price index increased by 2.55%, or 0.03%, to 9169.77. The 9-month gasoline index fell, while the 9-month gasoline index rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 374.19.
Gasoline market analysis:
Today, China's gasoline wholesale part fluctuates in a narrow range, with gasoline in North China, southwest and northeast China reduced by 30-100 yuan / ton, East China gasoline and northeast China gasoline prices reduced by 50 yuan / ton, and the rest of the region mainly engaged in wholesale prices in multiple regions. The ex-factory price of georefining declined slightly, with gasoline prices in Central China, Southwest China and East China reduced by 20-50 yuan per ton. Gasoline prices in other regions remain relatively stable. At present, the turnover in China's gasoline market is weak, the price limit of refined oil is coming down and realized, the market wait-and-see atmosphere is strong, operators are cautious in entering the market, traders are mainly eliminating warehouses, demand follow-up is slow, and the operation of hidden benefits in refineries is not reduced.
|
November 7 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.6 |
Price 11.7 |
Rise and fall |
|
North China region |
92# |
8150-9600 |
8180-9600 |
30/0 |
|
95# |
8350-10000 |
8380-10000 |
30/0 |
|
|
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# |
8650-9450 |
8650-9450 |
0/0 |
|
|
East China region |
92# |
8500-9500 |
8450-9500 |
-50/0 |
|
95# |
8650-9800 |
8650-9800 |
0/0 |
|
|
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# |
8950-9600 |
8950-9600 |
0/100 |
|
|
Northeast China |
92# |
8300-9100 |
8350-9100 |
50/0 |
|
95# |
8630-10000 |
8580-10000 |
-50/0 |
|
|
November 7 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.6 |
Price 11.7 |
Rise and fall |
|
Shandong area |
92# |
8000-8300 |
8000-8300 |
0/0 |
|
95# |
8160-8450 |
8160-8450 |
0/0 |
|
|
North China region |
92# |
8100-8130 |
8100-8130 |
0/0 |
|
95# |
8150-8280 |
8150-8280 |
0/0 |
|
|
Central China |
92# |
8460-8460 |
8430-8430 |
-30/-30 |
|
95# |
8660-8660 |
8630-8630 |
-30/-30 |
|
|
East China region |
92# |
8150-8250 |
8130-8250 |
-20/0 |
|
95# |
8270-8420 |
8250-8420 |
-20/0 |
|
|
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 |
8650-8650 |
-50/-50 |
|
95# |
8850-8850 |
8800-8800 |
-50/-50 |
|
Future forecast
In terms of international crude oil, the Saudi production cut still supports the supply side of crude oil, but the overall performance of the global economy is tired and bearish. From the perspective of the Chinese market, the measures taken by refineries to reduce processing load and reduce production on the supply side have a certain support for oil prices, but it is still difficult to improve the demand side. For the time being, there are no good signs of cliff cooling in most areas of the north, and the impact of cold wave increases residents' travel restrictions. Coupled with the gradual weakening of supply-side news support, the upward pressure on the gasoline market increases. In addition, a new round of price limit is expected to be lowered, and the news is a negative guide. Taken together, China's gasoline market is expected to decline 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.