Gasoline (20230524): Terminal replenishment is phased, and the current market transaction is still acceptable

Gasoline: terminal stage replenishment, the current market transaction is OK

 

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230523	America	WTI	72.91	0.92
20230523	The United Kingdom	Brent	76.84	0.85

 

Gasoline price index

On May 24, China's gasoline price index rose 30.35%, or 0.35%, to 8734.17, while China's gasoline price index rose by 0.36% to 9028.62. 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 294.45.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been raised in some areas, including increases in North China, South China, East China and Southwest China, with a range of 50-120 yuan per ton. The prices of gasoline in Central China, Northwest and Northeast China are sorted out within the price range. The ex-factory prices of georefining have been raised in most areas, including those in Shandong, North China, Central China, East China and Northwest China, with a range of 20-100 yuan per ton. At present, the turnover of China's gasoline market is improving, the terminal traders are moderately replenishing, the operators are mostly buying and rising, the operation of entering the market is increasing, the delivery speed of refinery noodles is relatively smooth, and the actual single transaction is OK. On the whole, the gasoline market is better than the previous period.

 

The wholesale price of gasoline on May 24 (RMB / ton)
Area	Gasoline model	Price 5.23	Price 5.24	Rise and fall
North China region	92#	8530-8880	8580-9000	50/120
	95#	8730-9080	8780-9200	50/120
South China	92#	8750-9100	8800-9150	50/50
	95#	8950-9400	9000-9450	50/50
Central China	92#	8600-9000	8600-9000	0/0
	95#	8750-9200	8750-9200	0/0
East China region	92#	8500-8950	8550-9000	50/50
	95#	8700-9050	8800-9180	100/130
Northwestern region	92#	8550-9470	8550-9470	0/0
	95#	8750-10030	8750-10030	0/0
Southwest China	92#	8800-9150	8850-9150	50/0
	95#	9000-9600	9100-9600	100/0
Northeast China	92#	8480-8700	8480-8700	0/0
	95#	8800-9150	8800-9150	0/0

 

The ex-factory price of gasoline refinery on May 24 (RMB / ton)
Area	Gasoline model	Price 5.23	Price 5.24	Rise and fall
Shandong area	92#	8150-8450	8250-8550	100/100
	95#	8250-8650	8350-8750	100/100
North China region	92#	8230-8240	8300-8420	70/180
	95#	8330-8340	8400-8520	70/180
Central China	92#	8600-8600	8620-8620	20/20
	95#	8800-8800	8820-8820	60/60
East China region	92#	8250-8350	8320-8400	70/50
	95#	8400-8500	8470-8520	70/50
Northwestern region	92#	8300-8550	8400-8650	100/100
	95#	8500-8750	8600-8850	100/100
Northeast China	92#	8550-8550	8550-8550	0/0
	95#	8750-8750	8750-8750	0/0

 

Future forecast

From the international crude oil point of view, OPEC+ further production reduction expectations superimposed, the United States summer gasoline demand optimistic, international crude oil prices continue to rise, supporting oil market prices. In the past two days, the gasoline market has improved, and the prices of the main products and refineries have been raised continuously. It is mainly due to the fermentation of tax news and periodic replenishment. However, the situation of strong supply and weak demand in the overall market has not changed, so as the procurement frequency tends to be stable and the news side weakens, the market may return to weakness again. On the whole, it is expected that the price of Chinese gasoline market will be stable in the short term.

 

Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities

Since 24:00 on May 16, 2023, the prices of gasoline and diesel in China (the same below) will be reduced by RMB380,365 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 date of the price adjustment will be 24:00 on May 16, 2023, the sixth working day in China since the price adjustment was announced by the National Development and Reform Commission.

 

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	9275	8255
Tianjin	9240	8220
Hebei Province	9240	8220
Shanxi province	9310	8275
Liaoning province	9240	8220
Jilin Province	9240	8220
Heilongjiang province	9240	8220
Shanghai	9255	8225
Jiangsu Province	9295	8260
Zhejiang Province	9295	8275
Anhui province	9290	8270
Fujian Province	9315	8285
Jiangxi province	9295	8280
Shandong province	9250	8230
Hubei province	9265	8245
Hunan Province	9305	8305
Henan province	9260	8240
Hainan province	9385	8355
Chongqing	9455	8430
Guangdong province	9320	8290
Guangxi Zhuang Autonomous region	9385	8355
Ningxia Hui Autonomous region	9245	8220
Gansu province	9225	8240
Xinjiang Uygur Autonomous region	9020	8115
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9255	8235
Chengdu city	9460	8455
Guiyang city	9420	8380
Kunming City	9450	8410
Xi'an city	9225	8230
Xining City	9205	8265

                                                                

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 VIA 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 8510 yuan and 7490 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.