Gasoline: Wholesale and retail price limits are lowered and cashed in, and the market mostly follows the downward trend
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November 8, 2023, 4:47 PM Gasoline: the wholesale price limit is reduced, and the market mostly follows the downward trend.
International crude oil closed
|
Date |
Market |
Specifications |
Close (US dollars / barrel) |
Rise and fall |
|
20231107 |
America |
WTI |
77.37 |
-3.45 |
|
20231107 |
The United Kingdom |
Brent |
81.61 |
-3.57 |
Gasoline price index
On November 8, China's gasoline price index fell by 32.40, or 0.37%, to 8763.17, while China's gasoline price index fell by 34.42, or 0.38%, to 9135.35. 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 372.18.
Gasoline market analysis:
Today, China's gasoline wholesale is mainly down in most areas, and prices in some areas remain unchanged, with gasoline prices in South China, Central China, East China, Northwest and Southwest regions reduced by 50-100 yuan per ton. The ex-factory price of georefining has been reduced mainly, of which the price of gasoline in Shandong, North China, Central China, East China and Southwest China has been reduced by 30-100 yuan per ton. Gasoline prices are stable in the northwest and northeast regions. At present, the turnover of China's gasoline market is light, the middle and lower reaches enter the market cautiously, the performance of terminal demand is poor, the retail price limit of superimposed refined oil is reduced, and refinery quotations are mostly reduced.
|
November 8 main wholesale price of gasoline (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.7 |
Price 11.8 |
Rise and fall |
|
North China region |
92# |
8180-9600 |
8180-9600 |
0/0 |
|
95# |
8380-10000 |
8380-10000 |
0/0 |
|
|
South China |
92# |
8600-9680 |
8550-9680 |
-50/0 |
|
95# |
8850-9980 |
8800-9980 |
-50/0 |
|
|
Central China |
92# |
8500-9150 |
8450-9100 |
-50/-50 |
|
95# |
8650-9450 |
8600-9400 |
-50/-50 |
|
|
East China region |
92# |
8450-9500 |
8400-9500 |
-50/0 |
|
95# |
8650-9800 |
8600-9800 |
-50/0 |
|
|
Northwestern region |
92# |
8330-10000 |
8330-9900 |
0/-100 |
|
95# |
8530-10450 |
8530-10270 |
0/-180 |
|
|
Southwest China |
92# |
8700-9200 |
8600-9200 |
-100/0 |
|
95# |
8950-9600 |
8900-9600 |
-100/0 |
|
|
Northeast China |
92# |
8350-9100 |
8350-9100 |
0/0 |
|
95# |
8580-10000 |
8580-10000 |
0/0 |
|
|
November 8 gasoline refinery ex-factory price (yuan / ton) |
||||
|
Area |
Gasoline model |
Price 11.7 |
Price 11.8 |
Rise and fall |
|
Shandong area |
92# |
8000-8300 |
7920-8250 |
-80/-50 |
|
95# |
8160-8450 |
8080-8420 |
-80/-30 |
|
|
North China region |
92# |
8100-8130 |
8000-8080 |
-100/-50 |
|
95# |
8150-8280 |
8050-8230 |
-100/-50 |
|
|
Central China |
92# |
8430-8430 |
8350-8350 |
-80/-80 |
|
95# |
8630-8630 |
8550-8550 |
-80/-80 |
|
|
East China region |
92# |
8130-8250 |
8100-8200 |
-30/-50 |
|
95# |
8250-8420 |
8220-8370 |
-30/-50 |
|
|
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 |
8600-8600 |
-50/-50 |
|
95# |
8800-8800 |
8750-8750 |
-50/-50 |
|
Future forecast
From the perspective of international crude oil, the oil market has been giving up the gains brought about by geopolitical events recently. on the supply side, the increase in US commercial crude oil inventory data is higher than expected, Cushing inventory data also showed an increasing trend, and EIA on the demand side lowered its crude oil demand growth forecast for this year. The Fed is expected to raise interest rates to lower the international oil market as well. Overall, the negative risk of the market increases, and the international oil price faces the downside risk. On the supply side in China, traders' participation in market transactions increased last week as supply expectations fell, but the positive news cooled rapidly and support weakened as demand performance continued to be tired. Generally speaking, there are no positive factors in the current market demand, and it is expected that China's gasoline market will still have 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 November 7, 2023, the prices of gasoline and diesel oil in China have been reduced by 140yuan and 135yuan 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 November 21.
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 |
10205 |
9150 |
|
Tianjin |
10170 |
9115 |
|
Hebei Province |
10170 |
9115 |
|
Shanxi province |
10240 |
9170 |
|
Liaoning province |
10170 |
9115 |
|
Jilin Province |
10170 |
9115 |
|
Heilongjiang province |
10170 |
9115 |
|
Shanghai |
10185 |
9120 |
|
Jiangsu Province |
10225 |
9155 |
|
Zhejiang Province |
10225 |
9170 |
|
Anhui province |
10220 |
9165 |
|
Fujian Province |
10245 |
9180 |
|
Jiangxi province |
10225 |
9175 |
|
Shandong province |
10180 |
9125 |
|
Hubei province |
10195 |
9140 |
|
Hunan Province |
10235 |
9200 |
|
Henan province |
10190 |
9135 |
|
Hainan province |
10315 |
9250 |
|
Chongqing |
10385 |
9325 |
|
Guangdong province |
10250 |
9185 |
|
Guangxi Zhuang Autonomous region |
10315 |
9250 |
|
Ningxia Hui Autonomous region |
10175 |
9115 |
|
Gansu province |
10155 |
9135 |
|
Xinjiang Uygur Autonomous region |
9950 |
9010 |
|
II. Areas with one province and one price will not be implemented for the time being |
||
|
|
Gasoline (standard) |
Diesel oil (standard) |
|
Hohhot |
10185 |
9130 |
|
Chengdu city |
10390 |
9350 |
|
Guiyang city |
10350 |
9275 |
|
Kunming City |
10380 |
9305 |
|
Xi'an city |
10155 |
9125 |
|
Xining City |
10135 |
9160 |
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 9440 yuan and 8385 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.