新能源发展势不可挡 四季度成品油市场量价齐降

Group 1 - International oil prices exhibited a downward trend in Q4, influenced by a lack of positive news and strong momentum in renewable energy development, which significantly pressured market demand [1][3] - Domestic refined oil market showed weak performance, with both gasoline and diesel prices declining on a month-on-month and year-on-year basis. The average price of 0 diesel was 6872 yuan/ton, down 265 yuan/ton (3.71%) month-on-month and 356 yuan/ton (4.92%) year-on-year. The average price of 92 gasoline was 7826 yuan/ton, down 406 yuan/ton (4.93%) month-on-month and 244 yuan/ton (3.03%) year-on-year [1][3] Group 2 - The domestic refined oil retail market experienced a "one rise, five falls" situation in Q4, with gasoline and diesel prices cumulatively dropping by 510 yuan and 490 yuan respectively, leading to further declines in terminal retail prices compared to Q3 [3][4] - The overall production of refined oil in China for Q4 was estimated at 10,367.5 million tons, a decrease of 3.69% month-on-month but an increase of 0.53% year-on-year. Gasoline production was 3,799.2 million tons, down 4.92% month-on-month, while diesel production was 5,165.7 million tons, up 0.87% month-on-month [7] Group 3 - The apparent consumption of refined oil in China for Q4 was 9,636.06 million tons, down 1.35% month-on-month but up 0.81% year-on-year. Gasoline consumption was 3,729.23 million tons, down 0.62% month-on-month, while diesel consumption was 5,043.71 million tons, up 2.9% month-on-month [10] - The export volume of refined oil in Q4 was 946.33 million tons, down 6.54% month-on-month but up 21.58% year-on-year. Gasoline export volume was 162.97 million tons, down 32.97% month-on-month, while diesel export volume was 155.15 million tons, down 31.54% month-on-month [13]