Gasoline (20230602): The fundamentals lack positive boost, and the buying and selling atmosphere is moderate

Gasoline: the fundamentals lack a positive boost, and the buying and selling atmosphere is mild.

 

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230601	America	WTI	70.1	2.01
20230601	The United Kingdom	Brent	74.28	1.62

 

Gasoline price index

On June 2, China's gasoline price index was 8745.27, down 14.33, or 0.16%, while China's gasoline price index was 9034.41, down 16.78, or 0.19%. 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 289.15.

 

Gasoline market analysis:

Today, China's main wholesale gasoline prices are mainly stable, with fluctuations in some regions, among which the low-end gasoline prices in North China and Northeast China have increased by 30 yuan per ton, while the high-end gasoline prices in East China have fallen somewhat, with a range of 80-100 yuan per ton. The ex-factory price of georefining has been raised in a narrow range, among which the price of gasoline in Shandong, North China, Central China and East China has increased by a range of 30-60 yuan per ton. Gasoline prices in the northwest and northeast regions remained stable for the time being. At present, the turnover of China's gasoline market is general, the downstream traders are determined by sales, purchase with multi-rigid demand, refineries can ship goods at low prices, the sales policy is still relatively flexible, and there is a willingness to explore in areas with less pressure. On the whole, the buying and selling atmosphere is relatively mild, and the market tends to operate steadily.

 

June 2 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.1	Price 6.2	Rise and fall
North China region	92#	8570-9000	8600-9000	30/0
	95#	8770-9230	8800-9230	30/0
South China	92#	8750-9150	8750-9150	0/0
	95#	8950-9450	8950-9450	0/0
Central China	92#	8650-9000	8650-9000	0/0
	95#	8800-9200	8800-9200	0/0
East China region	92#	8600-9000	8600-8900	0/-100
	95#	8850-9180	8850-9100	0/-80
Northwestern region	92#	8650-9580	8650-9580	0/0
	95#	8900-10140	8900-10140	0/0
Southwest China	92#	8800-9150	8800-9150	0/0
	95#	9100-9600	9100-9600	0/0
Northeast China	92#	8520-8800	8550-8800	30/0
	95#	8900-9300	8900-9300	0/0

 

June 2 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.1	Price 6.2	Rise and fall
Shandong area	92#	8240-8550	8300-8590	60/40
	95#	8350-8750	8400-8750	50/0
North China region	92#	8300-8340	8360-8370	60/30
	95#	8400-8440	8460-8470	60/30
Central China	92#	8650-8650	8700-8700	50/50
	95#	8850-8850	8900-8900	50/50
East China region	92#	8310-8400	8360-8450	50/50
	95#	8460-8550	8510-8600	50/50
Northwestern region	92#	8300-8700	8300-8700	0/0
	95#	8450-8900	8450-8900	0/0
Northeast China	92#	8550-8550	8550-8550	0/0
	95#	8750-8750	8750-8750	0/0

 

Future forecast

From the perspective of international crude oil, the probability of the passage of the US debt ceiling agreement has increased, market concerns have been alleviated, international crude oil prices have risen, and crude oil levels have been well supported. However, the scale of the OPEC+ production reduction is unknown, and the market is waiting for the guidance of the meeting on the 4th of this month, so the market is relatively cautious before this. At present, the fluctuation of China's gasoline market is relatively small, the fundamentals lack of positive boost, refineries may continue to maintain preferential promotional efforts to stimulate transactions. Taken together, it is expected that China's gasoline market prices will face downside risks 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 30, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be increased by 100 yuan and 95 yuan 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 30, 2023, the third 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	9375	8350
Tianjin	9340	8315
Hebei Province	9340	8315
Shanxi province	9410	8370
Liaoning province	9340	8315
Jilin Province	9340	8315
Heilongjiang province	9340	8315
Shanghai	9355	8320
Jiangsu Province	9395	8355
Zhejiang Province	9395	8370
Anhui province	9390	8365
Fujian Province	9415	8380
Jiangxi province	9395	8375
Shandong province	9350	8325
Hubei province	9365	8340
Hunan Province	9405	8400
Henan province	9360	8335
Hainan province	9485	8450
Chongqing	9555	8525
Guangdong province	9420	8385
Guangxi Zhuang Autonomous region	9485	8450
Ningxia Hui Autonomous region	9345	8315
Gansu province	9325	8335
Xinjiang Uygur Autonomous region	9120	8210
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9355	8330
Chengdu city	9560	8550
Guiyang city	9520	8475
Kunming City	9550	8505
Xi'an city	9325	8325
Xining City	9305	8360

                                                                

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 8610 yuan and 7585 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.