Gasoline (20230626): There is insufficient room for pushing the main price, and the local refining price has been increased within a narrow range

Gasoline: there is insufficient room for the main price promotion, and the price of the refinery has been raised by a narrow range.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230623	America	WTI	69.16	-0.35
20230623	The United Kingdom	Brent	73.85	-0.29

 

Gasoline price index

On June 26th, China's gasoline price index fell 3.69, or 0.04%, to 8686.72, while China's gasoline price index fell 3.62, or 0.04%, to 9003.99. 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 317.33.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China is the low-end prices of gasoline in North China, which fell by 20-50 yuan per ton, while the rest of the gasoline prices are sorted out within the price range. The ex-factory price of georefining has been raised by a narrow range, of which the price of gasoline in Shandong, North China, Central China and East China has been increased by 20-30 yuan per ton. Gasoline prices in the northeast and northwest regions remained stable for the time being. At present, the turnover of China's gasoline market is mediocre, the duration of post-holiday terminal replenishment is short, and the procurement support is insufficient. The semi-annual pressure of the main unit still exists, and the willingness to push the price is insufficient, while most of the local refineries adjust the preferential policies according to their own shipments. On the whole, there is no outstanding positive support for the fundamentals, and the market is weak.

 

June 26 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.25	Price 6.26	Rise and fall
North China region	92#	8550-8880	8500-8880	-50/0
	95#	8720-9080	8700-9080	-20/0
South China	92#	8650-9250	8650-9250	0/0
	95#	8950-9550	8950-9550	0/0
Central China	92#	8550-8900	8550-8900	0/0
	95#	8750-9100	8750-9100	0/0
East China region	92#	8500-8930	8500-8930	0/0
	95#	8700-9110	8700-9110	0/0
Northwestern region	92#	8500-9520	8500-9520	0/0
	95#	8700-10080	8700-10080	0/0
Southwest China	92#	8750-9050	8750-9050	0/0
	95#	9100-9500	9100-9500	0/0
Northeast China	92#	8500-8720	8500-8720	0/0
	95#	8800-9150	8800-9150	0/0

 

June 26 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.25	Price 6.26	Rise and fall
Shandong area	92#	8300-8600	8330-8600	30/0
	95#	8400-8820	8430-8820	30/0
North China region	92#	8430-8460	8450-8480	20/20
	95#	8530-8560	8550-8580	20/20
Central China	92#	8520-8520	8550-8550	30/30
	95#	8720-8720	8750-8750	30/30
East China region	92#	8380-8510	8380-8530	0/20
	95#	8530-8660	8530-8680	0/20
Northwestern region	92#	8350-8500	8350-8500	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, the market is worried about the economic recession, coupled with the Russian geopolitical events also have a certain impact on the market, oil prices shock operation, the guidance is limited. From the point of view of the price adjustment mechanism of refined oil, the new round of crude oil change rate is running in a positive direction, and the probability of oil product increase is increasing, which may be a good guide for China's gasoline market. But at present, due to the existence of performance pressure of sales units, the support of superimposed demand is weak, and the upward trend of the gasoline market is blocked. Taken together, prices in China's gasoline market 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 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 eighth 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.