Gasoline (20230621): The market is flat, with slight fluctuations

Gasoline: the market is mediocre, with small fluctuations

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230620	America	WTI	70.5	-1.28
20230620	The United Kingdom	Brent	75.9	-0.19

 

Gasoline price index

On June 21, China's gasoline price index fell 5.21, or 0.06%, to 8701.42, while China's gasoline price index fell 5.56, or 0.06%, to 9017.82. 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 316.40.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been lowered in the next area, among which the prices of gasoline in central China and southwest China have been reduced by 20-100 yuan per ton. The rest of the gasoline price range will be arranged. The ex-factory price of georefining in central China has been increased by 20 yuan per ton, and the price of gasoline in Shandong, North China, East China, Northwest and Northeast China has remained relatively stable. At present, the turnover of China's gasoline market is general, the stock is finished before the Dragon Boat Festival, the market activity is not high, only rigid demand is supported. The refinery maintains the preferential policy of solid order transaction, the bullish sentiment is weak, and the shipment is mainly profitable. On the whole, the market is mediocre, with small fluctuations.

 

June 21 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.20	Price 6.21	Rise and fall
North China region	92#	8600-8900	8600-8900	0/0
	95#	8720-9100	8720-9100	0/0
South China	92#	8700-9250	8700-9250	0/0
	95#	9000-9550	9000-9550	0/0
Central China	92#	8600-8900	8600-8800	0/-100
	95#	8780-9250	8780-9100	0/-150
East China region	92#	8550-8900	8550-8900	0/0
	95#	8750-9080	8750-9080	0/0
Northwestern region	92#	8500-9520	8500-9520	0/0
	95#	8700-10080	8700-10080	0/0
Southwest China	92#	8750-9080	8750-9080	0/0
	95#	9120-9530	9100-9530	-20/0
Northeast China	92#	8790-8750	8790-8750	0/0
	95#	8830-9300	8830-9300	0/0

 

June 21 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.20	Price 6.21	Rise and fall
Shandong area	92#	8350-8600	8350-8600	0/0
	95#	8480-8820	8480-8820	0/0
North China region	92#	8430-8450	8430-8450	0/0
	95#	8530-8550	8530-8550	0/0
Central China	92#	8580-8580	8600-8600	20/20
	95#	8780-8780	8800-8800	20/20
East China region	92#	8420-8540	8420-8540	0/0
	95#	8570-8690	8570-8690	0/0
Northwestern region	92#	8300-8500	8300-8500	0/0
	95#	8650-8700	8650-8700	0/0
Northeast China	92#	8500-8500	8500-8500	0/0
	95#	8700-8700	8700-8700	0/0

 

Future forecast

From the perspective of international crude oil, China has cut interest rates less than expected, global economic growth has slowed or curbed demand for crude oil, and international oil prices have fallen, and there is no favorable guidance on costs. In terms of Chinese demand, with the end of the high school and college entrance examination, the small peak travel of graduates leads to an increase in market demand, which leads to an increase in the use of high-temperature gasoline. Although downstream follow-up is slow at present, overall demand is expected to be good. Coupled with the return from the festival, the completion of the semi-annual task of the refinery is about to enter the second half of the year, and the transaction policy may change to boost the gasoline market. On the whole, it is expected that there is room for price increase in China's gasoline market in the short term.

 

 

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

Since 24:00 on June 13, 2023, the prices of gasoline and diesel in China (standard products, the same below) will be reduced by 55 yuan and 50 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 June 13, 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	9320	8300
Tianjin	9285	8265
Hebei Province	9285	8265
Shanxi province	9355	8320
Liaoning province	9285	8265
Jilin Province	9285	8265
Heilongjiang province	9285	8265
Shanghai	9300	8270
Jiangsu Province	9340	8305
Zhejiang Province	9340	8320
Anhui province	9335	8315
Fujian Province	9360	8330
Jiangxi province	9340	8325
Shandong province	9295	8275
Hubei province	9310	8290
Hunan Province	9350	8350
Henan province	9305	8285
Hainan province	9430	8400
Chongqing	9500	8475
Guangdong province	9365	8335
Guangxi Zhuang Autonomous region	9430	8400
Ningxia Hui Autonomous region	9290	8265
Gansu province	9270	8285
Xinjiang Uygur Autonomous region	9065	8160
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9300	8280
Chengdu city	9505	8500
Guiyang city	9465	8425
Kunming City	9495	8455
Xi'an city	9270	8275
Xining City	9250	8310

                                                                

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 8555 yuan and 7535 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.