Gasoline (20230630): The refinery's half-year task is completed, and the gasoline market is running steadily

Gasoline: the half-year task of the refinery is over, and the gasoline market is running steadily.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230629	America	WTI	69.86	0.3
20230629	The United Kingdom	Brent	74.34	0.31

 

Gasoline price index

On June 30, China's gasoline price index fell 1.20, or 0.01%, to 8661.76, while China's gasoline price index fell 1.18, or 0.01%, to 8987.69. 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 325.93.

 

Gasoline market analysis:

Today, the main wholesale price of gasoline in China is stable. Among them, gasoline prices in North China and Southwest China have been raised by 30-50 yuan per ton, while gasoline prices in the rest of the region have been arranged within the price range. The ex-factory price of geotechnical refinery has been raised in a narrow range, with increases in North China, Central China and East China, with a range of 20-40 yuan per ton. Gasoline prices in Shandong, northwest and northeast regions are temporarily stable. At present, the turnover of China's gasoline market is general, the downstream bullish sentiment is mixed, and rigid demand is dominated by procurement. The semi-annual performance assessment of the refinery has come to an end and the quotation is stable. On the whole, the gasoline market is stabilizing.

 

June 30 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.29	Price 6.30	Rise and fall
North China region	92#	8500-8900	8500-8930	0/30
	95#	8700-9100	8700-9130	0/30
South China	92#	8650-9100	8650-9100	0/0
	95#	8900-9400	8900-9400	0/0
Central China	92#	8550-8800	8550-8800	0/0
	95#	8750-9000	8750-9000	0/0
East China region	92#	8500-8850	8500-8850	0/0
	95#	8700-9050	8700-9050	0/0
Northwestern region	92#	8500-9620	8500-9620	0/0
	95#	8700-10180	8700-10180	0/0
Southwest China	92#	8750-9100	8800-9100	50/0
	95#	9000-9550	9050-9550	50/0
Northeast China	92#	8500-8750	8500-8750	0/0
	95#	8800-9250	8800-9250	0/0

 

June 30 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.29	Price 6.30	Rise and fall
Shandong area	92#	8300-8560	8300-8560	0/0
	95#	8400-8800	8400-8800	0/0
North China region	92#	8420-8460	8420-8490	0/30
	95#	8520-8560	8520-8590	0/30
Central China	92#	8550-8550	8570-8570	20/20
	95#	8750-8750	8770-8770	20/20
East China region	92#	8360-8500	8380-8540	20/40
	95#	8520-8650	8530-8690	10/40
Northwestern region	92#	8370-8500	8370-8500	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 Fed is still expected to raise interest rates, but the peak of US summer fuel consumption and Saudi production cuts in July are expected to support, and international oil prices rise. Refinery semi-annual task settlement stage today, is about to enter a new round of calculation cycle, refinery price space pull up. In addition, the maintenance of refineries in most areas has been completed, the starting load has increased, and the supply of spot gasoline resources is stable. From the demand point of view, summer tourism superimposed summer vehicle air conditioning fuel consumption, demand is expected to improve. Taken together, it is expected that there is room for China's gasoline market to rise 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 28, 2023, the prices of gasoline and diesel in China (standard products, the same below) have been increased by 70 yuan per ton. 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 28th, 2023, the second 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	9390	8370
Tianjin	9355	8335
Hebei Province	9355	8335
Shanxi province	9425	8390
Liaoning province	9355	8335
Jilin Province	9355	8335
Heilongjiang province	9355	8335
Shanghai	9370	8340
Jiangsu Province	9410	8375
Zhejiang Province	9410	8390
Anhui province	9405	8385
Fujian Province	9430	8400
Jiangxi province	9410	8395
Shandong province	9365	8345
Hubei province	9380	8360
Hunan Province	9420	8420
Henan province	9375	8355
Hainan province	9500	8470
Chongqing	9570	8545
Guangdong province	9435	8405
Guangxi Zhuang Autonomous region	9500	8470
Ningxia Hui Autonomous region	9360	8335
Gansu province	9340	8355
Xinjiang Uygur Autonomous region	9135	8230
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9370	8350
Chengdu city	9575	8570
Guiyang city	9535	8495
Kunming City	9565	8525
Xi'an city	9340	8345
Xining City	9320	8380

                                                                

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 8625 yuan and 7605 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.