Gasoline (20230703): Multiple positive factors have increased, and the market price has increased by more than 100 yuan/ton

Gasoline: multiple positive factors pull up, and the market quotation increases by more than 100 yuan / ton.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230630	America	WTI	70.64	0.78
20230630	The United Kingdom	Brent	74.9	0.56

 

Gasoline price index

On July 3, China's gasoline price index rose 127.28, or 1.47%, to 8789.05, while China's gasoline price index rose 112.33, or 1.25%, to 9100.02. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 310.97.

 

Gasoline market analysis:

Today, wholesale gasoline prices in China are mainly increased, with gasoline prices in North China, South China, Central China, East China, Southwest China and Northeast China raised by 150-350 yuan per ton. Gasoline prices in Northwest China are sorted out within the price range and remain relatively stable. The ex-factory price of georefining in all regions has been raised, with a range of 100-270 yuan / ton. At present, the turnover of China's gasoline market is improving, the bullish sentiment in the middle and lower reaches is high, the terminal rigid demand is strong, and the operation of operators entering the market is increasing. With the arrival of the second half of the year, refinery performance pressure disappeared in the first half of the year, coupled with the weekend oil consumption tax release, refinery price sentiment unabated. On the whole, the refinery shipping speed is faster, the market trading atmosphere is strong.

 

July 3 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 6.30	Price 7.3	Rise and fall
North China region	92#	8500-8930	8650-9130	150/200
	95#	8700-9130	8850-9330	150/200
South China	92#	8650-9100	8700-9100	50/0
	95#	8900-9400	8950-9400	50/0
Central China	92#	8550-8800	8700-8900	150/100
	95#	8750-9000	8850-9200	100/200
East China region	92#	8500-8850	8650-9100	150/250
	95#	8700-9050	8850-9400	150/350
Northwestern region	92#	8500-9620	8500-9620	0/0
	95#	8700-10180	8700-10180	0/0
Southwest China	92#	8800-9100	8850-9100	50/0
	95#	9050-9550	9100-9550	50/0
Northeast China	92#	8500-8750	8530-9130	30/380
	95#	8800-9250	8950-9640	150/390

 

July 3 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 6.30	Price 7.3	Rise and fall
Shandong area	92#	8300-8560	8530-8800	230/240
	95#	8400-8800	8700-9000	300/200
North China region	92#	8420-8490	8600-8830	180/340
	95#	8520-8590	8700-8930	180/340
Central China	92#	8570-8570	8840-8840	270/270
	95#	8770-8770	9040-9040	270/270
East China region	92#	8380-8540	8400-8730	20/190
	95#	8530-8690	8550-8880	20/190
Northwestern region	92#	8370-8500	8500-8700	130/200
	95#	8650-8700	8700-8850	50/150
Northeast China	92#	8500-8500	8600-8600	100/100
	95#	8700-8700	8800-8800	100/100

 

Future forecast

From the perspective of international crude oil, the decline in US crude oil inventories is more than expected, coupled with the possibility of improvement in US economic data, and international oil prices have risen. In addition, in July, the long-awaited Saudi production reduction plan may be put on the agenda, bringing positive support to the cost side of crude oil. From a macro policy point of view, the State Administration of Taxation issued a notice on June 30 to levy consumption tax on a variety of raw materials, including mixed aromatic hydrocarbons, to boost China's gasoline market. In addition, at present, the refinery has entered a new round of performance calculation cycle, the shipping pressure has been greatly alleviated, and the strike-price space is relatively abundant. In terms of demand, there are still good expectations for summer fuel consumption and summer travel. Therefore, under the stimulation of multiple factors, it is expected that there is still room for growth 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 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 28, 2023, the third 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.