Gasoline (20230627): Market shipments are the main volume, and transaction growth is still limited

Gasoline: the volume of shipments in the market is mainly, and the upside of transaction is still limited.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230626	America	WTI	69.37	0.21
20230626	The United Kingdom	Brent	74.18	0.33

 

Gasoline price index

On June 27th, China's gasoline price index fell 4.55, or 0.05%, to 8673.42, while China's gasoline price index fell 4.71, or 0.05%, to 8995.65. 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 322.24.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China fluctuates up and down. Among them, the price of gasoline in North and East China fell by 100 yuan per ton, as well as that in southwest China. The high-end prices of 911 gasoline and 9 gasoline in southwest China will be raised by 50 yuan per ton. Gasoline prices in other areas are relatively stable. The ex-factory price is mainly stable, the high-end price in Northwest China has dropped by 100 yuan / ton, the gasoline price in Shandong is arranged in the price range, and the gasoline price in North China, Central China, East China and Northeast China is temporarily stable. At present, the turnover of China's gasoline market is moderate, the downstream multi-rigid demand procurement, the enthusiasm of operators to enter the market is not high, most of them have a wait-and-see mentality. Refinery performance pressure still exists, insufficient room to raise prices, mainly to the volume of shipments. On the whole, the sales pressure exists and the uplink of the transaction is blocked.

 

June 27 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.26	Price 6.27	Rise and fall
North China region	92#	8500-8880	8500-8880	0/0
	95#	8700-9080	8700-9080	0/0
South China	92#	8650-9250	8650-9250	0/0
	95#	8950-9550	8950-9550	0/0
Central China	92#	8550-8900	8550-8800	0/-100
	95#	8750-9100	8750-9000	0/-100
East China region	92#	8500-8930	8500-8930	0/0
	95#	8700-9110	8700-9110	0/0
Northwestern region	92#	8500-9520	8400-9520	-100/0
	95#	8700-10080	8600-10080	-100/0
Southwest China	92#	8750-9050	8750-9100	0/50
	95#	9100-9500	9000-9550	-100/50
Northeast China	92#	8500-8720	8500-8720	0/0
	95#	8800-9150	8800-9150	0/0

 

June 27 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.26	Price 6.27	Rise and fall
Shandong area	92#	8330-8600	8330-8600	0/0
	95#	8430-8820	8430-8820	0/0
North China region	92#	8450-8480	8450-8480	0/0
	95#	8550-8580	8550-8580	0/0
Central China	92#	8550-8550	8550-8550	0/0
	95#	8750-8750	8750-8750	0/0
East China region	92#	8380-8530	8380-8530	0/0
	95#	8530-8680	8530-8680	0/0
Northwestern region	92#	8350-8500	8350-8400	0/-100
	95#	8650-8700	8650-8600	0/-100
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, Russia's political instability may aggravate supply disruption and international oil prices rise, forming favorable support. From the point of view of the price adjustment mechanism of refined oil, the new round of crude oil change rate is running positively, and the expected increase of refined oil is clear, but the small increase has limited support for the short-term gasoline market. At present, the main units and local refineries still maintain a flexible sales policy, actively take volume, and the actual transaction price is not up enough. On the whole, it is expected that the price of China's gasoline market will be arranged in a narrow range 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 ninth 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.