Gasoline (20230612): Spot transactions were moderate, and the market fluctuated within a narrow range

Gasoline: the spot transaction is moderate and the market fluctuates in a narrow range.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230609	America	WTI	70.17	-1.12
20230609	The United Kingdom	Brent	74.79	-1.17

 

Gasoline price index

On June 12, China's gasoline price index fell 21.98, or 0.25%, to 8771.75, while China's gasoline price index fell 21.42, or 0.24%, to 9068.20. 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 296.45.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been adjusted downwards, with prices in South China, Central China, East China, Northwest China, Southwest China and North China falling by 50-100 yuan per ton. Gasoline prices in Northeast China and North China remained stable for the time being. The ex-factory price of georefining was reduced in a narrow range, among which the price reduction of gasoline in Shandong, North China, East China and Northwest China was concentrated in 20-50 yuan per ton. Gasoline prices in the northwest and northeast regions have temporarily stabilized. At present, the turnover of China's gasoline market is mild, the purchase of rigid demand in the lower reaches is more, the bulk orders are mainly, the support on the demand side is mediocre, the delivery of refineries is not good, the quotation is adjusted flexibly, and there is more room for negotiation. On the whole, the buying and selling atmosphere is general and the market fluctuates in a narrow range.

 

June 12 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.9	Price 6.12	Rise and fall
North China region	92#	8650-9000	8650-8950	0/-50
	95#	8850-9230	8850-9230	0/0
South China	92#	8800-9300	8750-9250	-50/-50
	95#	9050-9600	9000-9550	-50/-50
Central China	92#	8680-9050	8650-8950	-30/-100
	95#	8850-9400	8800-9250	-50/-150
East China region	92#	8650-9030	8600-8950	-50/-80
	95#	8850-9210	8800-9210	-50/0
Northwestern region	92#	8700-9580	8600-9580	-100/0
	95#	8900-10140	8800-10140	-100/0
Southwest China	92#	8870-9180	8800-9180	-70/0
	95#	9250-9630	9200-9630	-50/0
Northeast China	92#	8580-8800	8580-8800	0/0
	95#	8900-9300	8900-9300	0/0

 

June 12 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.9	Price 6.12	Rise and fall
Shandong area	92#	8390-8630	8350-8630	-40/0
	95#	8460-8790	8440-8790	-20/0
North China region	92#	8420-8430	8390-8400	-30/-30
	95#	8520-8530	8490-8500	-30/-30
Central China	92#	8720-8720	8720-8720	0/0
	95#	8920-8920	8920-8920	0/0
East China region	92#	8420-8530	8400-8500	-20/-30
	95#	8570-8680	8550-8650	-20/-30
Northwestern region	92#	8400-8700	8350-8700	-50/0
	95#	8550-8900	8500-8800	-50/-100
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, there is a risk of recession in the economies of Europe and the United States, coupled with the possibility that the Federal Reserve may still raise interest rates, market worries have increased, and national crude oil prices have fallen. From the macro policy point of view, the current round of oil price adjustment window is approaching, China's gasoline and diesel may usher in stranded expectations, the macro policy side has no biased guidance, and the market guidance is limited. From the demand point of view, the current market wait-and-see atmosphere still exists, the operation of operators to enter the market is limited, but the Dragon Boat Festival holiday and travel may be well supported. Taken together, China's gasoline prices are expected to fluctuate 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 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 ninth working day in China since the price adjustment 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.