Gasoline (20230705): Overall transactions are moderate and the market is stabilizing

Gasoline: the overall transaction is moderate and the market tends to be stable.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230704	America	WTI	-	-
20230704	The United Kingdom	Brent	76.25	1.6

Note: WTI crude oil is closed for the Independence Day holiday in the United States.

 

Gasoline price index

On July 5, China's gasoline price index rose 16.29, or 0.19%, to 8818.94, while China's gasoline price index rose 13.84, or 0.15%, to 9132.34. 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 313.40.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China have been raised by a narrow range, with gasoline prices in South and Central China rising by 50-100 yuan per ton, as well as those in Northeast China. The median wholesale price in other regions is within the regional price range. It has been up-regulated. Ex-factory prices fluctuated slightly, with high-end gasoline prices in Shandong and North China rising by 20-60 yuan per ton, while low gasoline prices in North China were reduced by 50 yuan per ton. Gasoline prices in Central China, East China, Northwest China and Northeast China remained stable for the time being. At present, the turnover of China's gasoline market is moderate, and the gasoline market has risen sharply recently, but the downstream rigid demand is mainly procurement, which is generally supported, and the operators have gradually returned to rationality when they enter the market. The delivery speed of the refinery slows down and the buying and selling atmosphere is flat.

 

July 5 main wholesale price of gasoline (yuan / ton)
Area	Gasoline model	Price 7.4	Price 7.5	Rise and fall
North China region	92#	8800-9130	8800-9130	0/0
	95#	8850-9400	8850-9400	0/0
South China	92#	8750-9100	8800-9150	50/50
	95#	9000-9400	9050-9450	50/50
Central China	92#	8700-8900	8700-9000	0/100
	95#	8850-9200	8850-9300	0/100
East China region	92#	8650-9100	8650-9100	0/0
	95#	8850-9450	8850-9450	0/0
Northwestern region	92#	8650-9620	8650-9620	0/0
	95#	8850-10180	8850-10180	0/0
Southwest China	92#	8900-9100	8900-9100	0/0
	95#	9150-9550	9150-9550	0/0
Northeast China	92#	8580-9130	8600-9130	20/0
	95#	8950-9640	8950-9640	0/0

 

July 5 gasoline refinery ex-factory price (yuan / ton)
Area	Gasoline model	Price 7.4	Price 7.5	Rise and fall
Shandong area	92#	8530-8900	8530-8960	0/60
	95#	8700-9040	8700-9060	0/20
North China region	92#	8600-8830	8550-8860	-50/30
	95#	8700-8930	8650-8960	-50/30
Central China	92#	8790-8790	8790-8790	0/0
	95#	8990-8990	8990-8990	0/0
East China region	92#	8580-8730	8580-8730	0/0
	95#	8730-8880	8730-8880	0/0
Northwestern region	92#	8650-8700	8650-8700	0/0
	95#	8850-8850	8850-8850	0/0
Northeast China	92#	8600-8600	8600-8600	0/0
	95#	8800-8800	8800-8800	0/0

 

Future forecast

From the perspective of international crude oil, Saudi Arabia's production reduction in July was extended to August, while Russia also voluntarily cut production in August, with good news support and an increase in international oil prices. On the supply side, there are no new refineries for inspection and repair this week, and the number of maintenance is relatively small, and the supply of spot gasoline resources is relatively abundant. From the demand point of view, the current downstream procurement frequency is more stable, but the large single transaction is less. Although the early macro policy news pushed the market up quickly, the positive mood was almost exhausted and the superimposed demand support was weak, so it is expected that there will be a correction 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, which is the fifth 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.